Test your basic knowledge |

Wealth Management

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. The rights of an individual to own - use - rent - invest in - buy - and sell property.






2. Something that is made open or revealed






3. Cash payments made by the government to people who do not supply goods - services - or labor in exchange for these payments. They include Social Security benefits - veterans' benefits - and welfare payments.






4. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.






5. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received






6. Preparing a plan for transferring property during one's lifetime and at one's death






7. The amount of tax owed






8. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group






9. Institution that functions much like a business - but does not operate for the purpose of generating profits






10. The percentage of a sum of money charged for its use






11. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail






12. The shares available to sell/buy






13. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights






14. Financial organization that pools people's money and invests it






15. A legal document declaring a person's wishes regarding the disposal of their property when they die






16. An amount of money given to the borrower for a set period of time. After the set time has passed - the money must be paid back plus the lending fee - called interest. Payments are normally made over a series of months.






17. Someone who lends money at excessive rates of interest






18. The fee - expressed as a percentage - a borrower owes for the use of a creditor's money. At an interest rate of 10% - a borrower would pay $110 for $100 borrowed.






19. The time interval between the deposit of a check in a bank and its payment






20. An exchange that occurs as a compromise






21. Immunity from a general burden - tax or charge; in bankruptcy or judgment executions - that portion of the debtor's property that cannot be liquidiated and applied to her debts






22. Making money for owning something






23. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount






24. A fixed charge for borrowing money






25. Programs aimed at helping employees integrate - assimilate - and transition to new jobs






26. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)






27. The period covered by a salary payment






28. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)






29. Concern for ones own well being and advantages






30. Electronic Data Gathering Analysis and Retrieval - the electronic system used by the SEC to enable investors to search electronically for financial reports filed by individual companies






31. A general and progressive increase in prices






32. The economical needs of an individual






33. The date on which a financial obligation must be repaid






34. Something of value; a resource; an advantage






35. Programs aimed at helping employees integrate - assimilate - and transition to new jobs






36. The fee - expressed as a percentage - a borrower owes for the use of a creditor's money. At an interest rate of 10% - a borrower would pay $110 for $100 borrowed.






37. The money paid for employee services






38. The value of a security that is set by the company issuing it






39. A loan where the payment is acheived through interest






40. The process of managing one's assets and wealth






41. All costs or bills related to the business






42. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company






43. Income on which tax must be paid; total income minus exemptions and deductions






44. Things that incite or spur to action; rewards or reasons for performing a task.






45. Having honest intentions






46. A venture undertaken without regard to possible loss or injury






47. A bond with zero discounts






48. A share set aside for a specific purpose






49. Financial organization that pools people's money and invests it






50. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.