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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. A bond with zero discounts
FICA
Interest Rate
Zero-Coupon Bond
Financial Goals
2. A tax-deferred investment and savings plan that acts as a personal pension fund for employees
Good Faith
Liability
Par Value
401 K
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.
Transaction
Premium
Credit
Transfer Payments
4. The act of lending money at an exorbitant rate of interest
Usury
Market Capitalization
Values
Financial Statements
5. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.
Statement of Cash Flows
I-9
Net Worth
Rent
6. Something of value; a resource; an advantage
Direct Car Loan
Coupon Rate
Zero-Coupon Bond
Asset
7. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Profit
Income
Net Worth
Cash
8. Place to create a savings account.
Savings Register
Secured Debt
Exchange-Traded Funds
Asset
9. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Payday Loan
Bankruptcy
Personal Budget
Shares Outstanding
10. Loan with equal number of payments of the same amount over a fixed period of time.
Installment Loan
Resources
Vesting
Fixed-Rate Loan
11. An exchange that occurs as a compromise
Trade-off
1040 EZ tax form
Usury
Debit
12. Money paid to a worker
Beneficiary
Bank Statement
Interest
Wage
13. Someone who lends money at excessive rates of interest
Loan Shark
Allocation
Direct Car Loan
Lending Investments
14. A periodic statement prepared by a bank for each client
Time value of money
Bank Statement
Risk
Wage
15. Interest calculated on both the principal and the accrued interest
Compound Interest
Cash
Time value of money
Lending Investments
16. 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.
Resources
Risk
Probate
W-4
17. Stock other than preferred stock
Common Stock
Interest
Stockholders' Equity
Values
18. An accounting entry acknowledging sums that are owing
Debit
Withdrawal
Maintain
Pension
19. Something of value; a resource; an advantage
Asset
Income Statement
SEC Filings
Lien
20. The period covered by a salary payment
Yield
Time value of money
Pay Period
Par Value
21. Receiving money for loaning money
Allocation
Insolvent
Lending Investments
Financial Statements
22. Financial reports that summarize the financial condition and operations of a business
Financial Statements
Nonprofit Organization
Risk
I-9
23. A delay in enforcing rights or claims or privileges
Issuer
Forbearance
Profit
Collectibles
24. A venture undertaken without regard to possible loss or injury
Incentives
Risk
Self-Interest
Late Fee
25. A regular payment to a person that iis intended to allow them to subsist without working
Fixed-Rate Loan
Pension
Market Capitalization
Bond Rating
26. An estimation of the value of a business that is obtained by multiplying the number of shares outstanding by the current price of a share
Savings Account
Market Capitalization
401 K
Probate
27. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Stock Symbol
Gross Income
Deduction
Resources
28. Total assets minus total liabilities
Net Worth
Time value of money
Savings Account
Risk
29. 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.
Scarcity
Coupon Rate
Loan
Present Value
30. The process of making a decision - usually complex
Interest
Balance Sheet
Decison-making
Shares Outstanding
31. Loan deal in which the actual lender may not be known to the borrower.
Indirect Car Loan
Issuer
Interest
Allocation
32. A long-term loan extended to someone who buys property
Mortage
Loan Shark
EFT
Lien
33. Certificates that represent money the government has borrowed from private citizens
Insurance
Ownership Investments
Secured Loan
Bonds
34. An extra charge for various credit activities such as using an ATM or receiving a cash advance
Mutual Funds
Inflation
Transaction Fee
Balance Sheet
35. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Probate
Stock Symbol
Liability
Time value of money
36. A regular payment to a person that iis intended to allow them to subsist without working
Insolvent
Securities
Living Trust
Pension
37. 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.
Savings Account
Credit
Exemptions
Transfer Payments
38. Short-term and Long-term objectives that are driven by values.
Financial Goals
Interest Rate
Liability
Incentives
39. An obligation to pay money to another party
Mortage
Liability
Decison-making
Financial Institution
40. All costs or bills related to the business
Return
Expenses
Insolvent
Risk
41. A debt not backed by specific property to satisfy the indebtedness in case of default.
Unsecured Debt
Rent
Retirement Planning
Present Value
42. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.
Statement of Cash Flows
EFT
Living Trust
Indirect Car Loan
43. Compute credits and debits of an account
Balance
Coverage
Liability
Gross Income
44. Financial organization that pools people's money and invests it
Mutual Funds
Retirement Planning
Ownership Investments
Foreclosure
45. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Shares Outstanding
Incentives
On-Boarding
Certificates of Deposit
46. 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.
Loan
Profit
Reconcile
Pay Period
47. Funds that are often times traded through a stock exchange (NYSE)
Personal Budget
Exchange-Traded Funds
Secured Loan
Reconcile
48. A penalty for making a payment after the due date
Will
Late Fee
Coupon Rate
Certificates of Deposit
49. A legal document declaring a person's wishes regarding the disposal of their property when they die
Will
Personal Allowances
Retirement Planning
EDGAR
50. Concern for ones own well being and advantages
Preferred Stock
Allocation
Withdrawal
Self-Interest