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 percentage of a sum of money charged for its use






2. The standard IRS form for individual tax returns.






3. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure






4. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index






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






6. The amount accruing to the corporations owners

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


7. Money paid to a worker






8. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation






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






10. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money






11. Funds that are often times traded through a stock exchange (NYSE)






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






13. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid






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






15. A record of checks written and deposits made in a checking account - kept by the depositor






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






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






18. The money paid for employee services






19. A bond with zero discounts






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






21. Arrangement for deferred payment for goods and services






22. An extra charge for various credit activities such as using an ATM or receiving a cash advance






23. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.






24. Short-term and Long-term objectives that are driven by values.






25. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets






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






27. Production of a certain amount






28. Total assets minus total liabilities






29. 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






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






31. Funds that are often times traded through a stock exchange (NYSE)






32. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.






33. The money paid for employee services






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






35. 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.






36. The interest rate that a bond issuer will pay to a bondholder






37. Limited quantities of resources to meet unlimited wants






38. Can be found in a newspaper and shows information about popular stocks.






39. 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.






40. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements






41. 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.






42. 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.






43. The act of taking out money or other capital






44. 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.






45. A debt; something disadvantageous






46. The recipient of funds or other benefits






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






48. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.






49. A record of checks written and deposits made in a checking account - kept by the depositor






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