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Test your basic knowledge |
Wealth Management
Start Test
Study First
Subjects
:
personal-finance
,
business-skills
Instructions:
Answer 50 questions in 15 minutes.
If you are not ready to take this test, you can
study here
.
Match each statement with the correct term.
Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.
This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. Electronic Funds Transfer
Savings Account
Payday Loan
Fixed-Rate Loan
EFT
2. Is your gross income after certain reductions have been made
Wealth Management
Wage
Adjusted Gross Income
Stock Exchanges
3. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
1040 tax form
Financial Goals
Foreclosure
Direct Car Loan
4. Business organizations that accommodate the buying and selling of securities.
Tax Liability
Zero-Coupon Bond
Identity Theft
Stock Exchanges
5. Income on which tax must be paid; total income minus exemptions and deductions
Checkbook Register
Financial Goals
APR
Taxable Income
6. Something of value; a resource; an advantage
Net Worth
Asset
Bond Rating
Issuer
7. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.
Income
Credit
Deductions
Loan Shark
8. A financial statement that gives operating results for a specific period
Income Statement
Debt Consolidation
Certificates of Deposit
SEC Filings
9. A legal document declaring a person's wishes regarding the disposal of their property when they die
Will
W-4
Living Trust
Resources
10. The withholding form each new employee fills out - stating the number of exemptions. the more exemptions listed - the less withholding tax will be taken from the paycheck.
Savings Account
Asset Allocation
W-4
Exchange-Traded Funds
11. Income before taxes
Transfer Payments
Fixed-Rate Loan
I-9
Gross Income
12. The recipient of funds or other benefits
Interest
Expenses
Beneficiary
Opportunity Cost
13. A share set aside for a specific purpose
Foreclosure
Allocation
Living Trust
Pension
14. A record of checks written and deposits made in a checking account - kept by the depositor
Expenses
Usury
Checkbook Register
Tax Liability
15. Someone who lends money at excessive rates of interest
Liability
Financial Goals
Loan Shark
Financial Statements
16. Is your gross income after certain reductions have been made
Identity Theft
Good Faith
Adjusted Gross Income
W-4
17. Receiving money for loaning money
Late Fee
Investing
Compound Interest
Lending Investments
18. Funds that are often times traded through a stock exchange (NYSE)
Return
Exchange-Traded Funds
Late Fee
Secured Loan
19. Total assets minus total liabilities
W-4
Net Worth
Transaction Fee
Gross Income
20. Limited quantities of resources to meet unlimited wants
Mortage
Scarcity
Phishing
Secured Loan
21. A penalty for making a payment after the due date
Late Fee
Estate Planning
Personal Allowances
Mutual Funds
22. Short-term and Long-term objectives that are driven by values.
Retirement Planning
Lending Investments
Usury
Financial Goals
23. The extent to which something is covered
Saving
Compound Interest
Deduction
Coverage
24. The process of making a decision - usually complex
Decison-making
Withdrawal
Adjustable-Rate Loan
Issuer
25. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt
Debt Consolidation
Secured Loan
dividends
EDGAR
26. The amount of tax owed
Scarcity
Profit
Tax Liability
Vesting
27. A loan that is paid off in a fixed rate over a period of time
Disclosure
Fixed-Rate Loan
1040 EZ tax form
Identity Theft
28. The date on which a financial obligation must be repaid
Interest Rate
Maturity Date
Zero-Coupon Bond
Unsecured Loan
29. Things that incite or spur to action; rewards or reasons for performing a task.
Incentives
Lending Investments
Financial Goals
Transaction
30. A periodic statement prepared by a bank for each client
Lending Investments
Identity Theft
Income Statement
Bank Statement
31. Arrangement for deferred payment for goods and services
Executor
Total Assets
Credit
Secured Debt
32. The act of reducing the selling price of merchandise
Mutual Funds
Annual Fee
Balance Sheet
Deduction
33. Preparing a plan for transferring property during one's lifetime and at one's death
Statement of Cash Flows
EDGAR
Living Trust
Estate Planning
34. Someone who lends money at excessive rates of interest
Pension
Loan Shark
Present Value
Retirement Planning
35. A loan in which the rate can be altered to adjust to economical need
Par Value
Adjustable-Rate Loan
Rent
Coupon Rate
36. Protection against future loss
Phishing
Adjusted Gross Income
Index Fund
Insurance
37. A record of checks written and deposits made in a checking account - kept by the depositor
Consequence
Exchange-Traded Funds
Saving
Checkbook Register
38. The amount of money you would need to deposit now in order to attain a desired amount in the future
Tax Liability
Present Value
Exchange-Traded Funds
Annual Fee
39. A regular payment to a person that iis intended to allow them to subsist without working
Net Income
Ownership Investments
Financial Goals
Pension
40. Shares of ownership in a company
1040 tax form
Saving
Taxable Income
Stocks
41. The amount of money you would need to deposit now in order to attain a desired amount in the future
Present Value
Insurance
Total Debt
Phishing
42. The amount of tax owed
Tax Liability
Cash
Inflation
Loan
43. The time interval between the deposit of a check in a bank and its payment
dividends
I-9
Float
Usury
44. The recipient of funds or other benefits
Vesting
Mutual Funds
Beneficiary
Balance
45. An evaluation by a rating company of the probability that a particular bond issue will default
Direct Car Loan
Bond Rating
Float
Installment Loan
46. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail
Overdraft protection
Phishing
Salary
Bank Statement
47. The act of lending money at an exorbitant rate of interest
Usury
Balance
Direct Car Loan
Unsecured Debt
48. Items of personal interest to collectors that can increase in value in the future
Foreclosure
Collectibles
Cash
Adjustable-Rate Loan
49. Financial organization that pools people's money and invests it
Financial Statements
Mutual Funds
Risk
Shares Outstanding
50. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt
Compound Interest
Nonprofit Organization
Credit
Debt Consolidation