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Test your basic knowledge |
Wealth Management
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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. Certificates that represent money the government has borrowed from private citizens
Bonds
dividends
Cash
Nonprofit Organization
2. A loan in which the rate can be altered to adjust to economical need
Adjustable-Rate Loan
Bonds
Checkbook Register
Compound Interest
3. An act of economizing
Resources
Saving
Credit
Interest Rate
4. Whatever must be given up to obtain some item
Gross Income
Coverage
Opportunity Cost
Net Worth
5. Funds that are often times traded through a stock exchange (NYSE)
Lien
Exchange-Traded Funds
Secured Loan
Mutual Funds
6. Loan deal in which the actual lender may not be known to the borrower.
Line of Credit
Transaction
Transfer Payments
Indirect Car Loan
7. Diagnosis Codes (in CCB Popup if more then 5 codes)
Personal Allowances
I-9
Tax Liability
Reconcile
8. Financial reports that summarize the financial condition and operations of a business
Financial Statements
Preferred Stock
Par Value
Nonprofit Organization
9. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Time value of money
Will
Deductible
Exemption
10. Something of value; a resource; an advantage
Disclosure
Personal Budget
Unsecured Loan
Asset
11. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Mutual Funds
Wealth Management
Profit
Wage
12. The percentage of a sum of money charged for its use
Financial Needs
Premium
Deduction
Interest Rate
13. Having honest intentions
Statement of Cash Flows
Expenses
Premium
Good Faith
14. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)
Zero-Coupon Bond
Unsecured Loan
Adjusted Gross Income
Debit
15. An evaluation by a rating company of the probability that a particular bond issue will default
Stockholders' Equity
Incentives
Bond Rating
Loan
16. The amount accruing to the corporations owners
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17. Protection against future loss
Debit
Late Fee
Insurance
Personal Allowances
18. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Total Debt
Vesting
Annual Report
Exemptions
19. Receiving money for loaning money
Balance
Expenses
FICA
Lending Investments
20. Someone who has insufficient assets to cover their debts
EFT
Liability
Transaction
Insolvent
21. Give back (tax return)
Pay Period
Return
Interest Rate
Index Fund
22. The act of taking out money or other capital
Mutual Funds
Withdrawal
Debit
Unsecured Debt
23. Loan deal in which the actual lender may not be known to the borrower.
Indirect Car Loan
Beneficiary
1040 tax form
Deduction
24. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail
Scarcity
Good Faith
Deductible
Phishing
25. The act of reducing the selling price of merchandise
Deduction
Debit
Balance
Late Fee
26. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.
Consequence
Financial Institution
Living Trust
Issuer
27. An act of economizing
Usury
Saving
Premium
Vesting
28. The money paid for employee services
Float
Risk
Salary
Interest
29. A legal document declaring a person's wishes regarding the disposal of their property when they die
Bonds
Coverage
Will
Gross Income
30. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Savings Account
Preferred Stock
Loan Shark
Trade-off
31. Items of personal interest to collectors that can increase in value in the future
Stock Symbol
Collectibles
1040 tax form
Late Fee
32. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Financial Institution
Bankruptcy
Stocks
Credit
33. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Total Assets
Maturity Date
EDGAR
Living Trust
34. The amount of tax owed
Executor
Bank Statement
Stock Table
Tax Liability
35. Business organizations that accommodate the buying and selling of securities.
Vesting
Stock Exchanges
Opportunity Cost
Estate Planning
36. Stock other than preferred stock
Rent
FICA
Common Stock
Market Capitalization
37. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.
Stockholders' Equity
1040 EZ tax form
Loan
Living Trust
38. Interest calculated on both the principal and the accrued interest
Salary
Financial Statements
Compound Interest
Expenses
39. Any of a number of fraudulent - deceptive - discriminatory - or unfavorable lending practices. Many of these practices are illegal - while others are legal but not in the best interest of the borrowers.
Overdraft protection
Predatory Lending
Good Faith
Late Fee
40. The distribution of investment funds among broad classes of assets.
dividends
Property Rights
Asset Allocation
Identity Theft
41. 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.
Incentives
Taxable Income
Preferred Stock
Loan
42. Loan with equal number of payments of the same amount over a fixed period of time.
Balance
Allocation
Installment Loan
Face Value
43. Debt backed by a mortgage - pledge of collateral - or other lien; debt for which the creditor has the right to pursue specific pledged property upon default. Examples include home mortgages - auto loans and tax liens.
Secured Loan
Par Value
Zero-Coupon Bond
Secured Debt
44. A debt not backed by specific property to satisfy the indebtedness in case of default.
Unsecured Debt
Fixed-Rate Loan
Insurance
Stocks
45. Limited quantities of resources to meet unlimited wants
Pension
Scarcity
Mortage
Stock Exchanges
46. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
401 K
Stocks
Asset
Profit
47. Funds that pay part of their distributions out of principal cannibalize their assets. This depletes the fund's asset base. Funds cannibalize assets to maintain a dividend and keep shareholders happy. However - like feeding a cow its own milk - this p
Time value of money
Cash
Cannibalizing assets
FICA
48. An extra charge for various credit activities such as using an ATM or receiving a cash advance
Consequence
Transaction Fee
Interest
Lending Investments
49. An amount that credit card companies can charge for the use of a credit card.
Personal Allowances
Stocks
Annual Fee
Estate Planning
50. A bond with zero discounts
Cash
Market Capitalization
I-9
Zero-Coupon Bond
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