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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. Funds that are often times traded through a stock exchange (NYSE)
Exchange-Traded Funds
Financial Institution
Statement of Cash Flows
Time value of money
2. The apparent worth as opposed to the real worth
Preferred Stock
Transaction
Asset Allocation
Face Value
3. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Trade-off
Time value of money
Stock Exchanges
Insurance
4. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received
Net Income
I-9
Scarcity
Debit
5. 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
EDGAR
Stock Exchanges
Estate Planning
Estate Planning
6. The commercial activity of transporting and selling goods from a producer to a consumer
Beneficiary
APR
Secured Debt
Distribution
7. Anything that is used to produce goods or services
Deposit
Liability
Resources
Distribution
8. A yearly statement of the financial condition - progress - and expectations of an organization
Net Income
Annual Report
Risk
Bankruptcy
9. A fixed charge for borrowing money
Usury
Self-Interest
Wealth Management
Interest
10. Profits paid to investors
dividends
Late Fee
Net Worth
On-Boarding
11. A payment given as a guarantee that an obligation will be met
Transfer Payments
Late Fee
Opportunity Cost
Deposit
12. A loan in which the rate can be altered to adjust to economical need
Allocation
Float
Adjustable-Rate Loan
Personal Allowances
13. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.
Deductions
Financial Needs
Total Debt
Interest-Only Loan
14. Payment for insurance
Interest-Only Loan
Premium
Stock Table
Liability
15. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Total Assets
Profit
Estate Planning
Coupon Rate
16. 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.
Predatory Lending
Interest
Financial Goals
Opportunity Cost
17. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
Financial Needs
Total Debt
Balance Sheet
Debt Consolidation
18. An accounting entry acknowledging sums that are owing
Stock Table
1040 tax form
Forbearance
Debit
19. An institution that issues something (securities or publications or currency etc.)
Return
EDGAR
Issuer
Mutual Funds
20. The money paid for employee services
Market Capitalization
Salary
APR
Wealth Management
21. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Profit
Yield
Transaction
Bond Rating
22. The amount accruing to the corporations owners
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23. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Certificates of Deposit
Index Fund
Line of Credit
Interest-Only Loan
24. An extra charge for various credit activities such as using an ATM or receiving a cash advance
Stock Table
Financial Goals
Money Market Accounts
Transaction Fee
25. A loan backed by something valuable - such as property
Unsecured Debt
Estate Planning
Secured Loan
Foreclosure
26. The extent to which something is covered
Credit
Coverage
Asset Allocation
Net Worth
27. Is your gross income after certain reductions have been made
Balance Sheet
Adjusted Gross Income
Self-Interest
Cannibalizing assets
28. The act of committing money or capital to an endeavor (a business - project - real estate - etc.) with the expectation of obtaining an additional income or profit.
401 K
Property Rights
Time value of money
Investing
29. A bond with zero discounts
Estate Planning
Zero-Coupon Bond
Stocks
Fixed-Rate Loan
30. A legal document declaring a person's wishes regarding the disposal of their property when they die
Preferred Stock
Adjusted Gross Income
Will
Overdraft protection
31. A loan backed by something valuable - such as property
Decison-making
Savings Account
Secured Loan
Bankruptcy
32. Electronic Funds Transfer
EFT
Deduction
Ownership Investments
Coverage
33. The shares available to sell/buy
Shares Outstanding
Money Market Accounts
Pay Period
Nonprofit Organization
34. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
APR
Trade-off
Probate
Balance
35. 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
Preferred Stock
Market Capitalization
Billing Statement
Coupon Rate
36. This stands for annual percentage rate - which is a number calculated by taking into account the total cost of the loan - including what the borrower will pay in interest; this makes it easier to compare different loan offers
Issuer
Par Value
Opportunity Cost
APR
37. The money paid for employee services
Withdrawal
Credit
Salary
Secured Loan
38. By planning ahead you can ensure financial stability during your retirement.
Annual Fee
Retirement Planning
Trade-off
Investing
39. A delay in enforcing rights or claims or privileges
Insolvent
Present Value
Forbearance
Financial Goals
40. A person appointed by a testator to carry out the terms of the will
Executor
Cash
Asset Allocation
Yield
41. A yearly statement of the financial condition - progress - and expectations of an organization
Lien
Incentives
Annual Report
Withdrawal
42. Someone who lends money at excessive rates of interest
Zero-Coupon Bond
Loan Shark
Premium
EFT
43. A fixed charge for borrowing money
Secured Debt
Interest
Disclosure
Rent
44. Interest calculated on both the principal and the accrued interest
Compound Interest
Net Worth
Unsecured Debt
Usury
45. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.
Mutual Funds
Forbearance
Payday Loan
Annual Report
46. A penalty for making a payment after the due date
Vesting
Insolvent
Total Assets
Late Fee
47. Short-term and Long-term objectives that are driven by values.
Usury
Bonds
Financial Goals
401 K
48. A periodic statement prepared by a bank for each client
Bank Statement
Float
Probate
Yield
49. Maintain by writing regular records
Indirect Car Loan
Maintain
Index Fund
Wage
50. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Total Debt
Debit
Line of Credit
Transaction