SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
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 clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Installment Loan
Predatory Lending
Resources
Deductible
2. Maintain by writing regular records
Maintain
Unsecured Loan
Estate Planning
Adjustable-Rate Loan
3. The amount of tax owed
EDGAR
Present Value
Investing
Tax Liability
4. Income on which tax must be paid; total income minus exemptions and deductions
Foreclosure
Taxable Income
Exemptions
Decison-making
5. A share set aside for a specific purpose
Allocation
Living Trust
Deposit
401 K
6. 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
Net Income
Liability
Balance Sheet
APR
7. A venture undertaken without regard to possible loss or injury
Wealth Management
Yield
Lien
Risk
8. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Reconcile
Risk
Liability
Exemption
9. Give back (tax return)
Profit
Return
Self-Interest
Statement of Cash Flows
10. Preparing a plan for transferring property during one's lifetime and at one's death
APR
Maturity Date
Estate Planning
Liability
11. An accounting entry acknowledging sums that are owing
Deduction
Debit
Reconcile
Financial Needs
12. A financial statement that gives operating results for a specific period
Income Statement
Deduction
Taxable Income
Balance
13. Simplified IRS tax form which some individuals can file instead of the 1040 form.
1040 EZ tax form
Asset
Financial Goals
Secured Debt
14. A bank account that accumulates interest
Net Worth
Savings Account
Salary
Transfer Payments
15. A specific plan for spending your income
Lending Investments
Credit
Usury
Personal Budget
16. Whatever must be given up to obtain some item
Coverage
Estate Planning
W-4
Opportunity Cost
17. The time interval between the deposit of a check in a bank and its payment
Certificates of Deposit
Float
Exchange-Traded Funds
Deductible
18. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Bank Statement
Predatory Lending
Phishing
Certificates of Deposit
19. An amount that credit card companies can charge for the use of a credit card.
Annual Fee
Expenses
Bonds
Insolvent
20. Simplified IRS tax form which some individuals can file instead of the 1040 form.
Yield
Premium
Yield
1040 EZ tax form
21. The financial gain (earned or unearned) accruing over a given period of time
Indirect Car Loan
Credit
Income
Net Income
22. 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
Stock Symbol
Billing Statement
EDGAR
401 K
23. A financial statement that gives operating results for a specific period
Financial Institution
Income Statement
FICA
Probate
24. A debt; something disadvantageous
Savings Register
Market Capitalization
Liability
Personal Budget
25. Place to create a savings account.
Transfer Payments
Securities
Savings Register
Phishing
26. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
Taxable Income
Mutual Funds
Will
On-Boarding
27. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
Billing Statement
Wealth Management
Shares Outstanding
Maturity Date
28. A tax-deferred investment and savings plan that acts as a personal pension fund for employees
W-4
Stock Symbol
Transfer Payments
401 K
29. A periodic statement prepared by a bank for each client
Asset Allocation
Pension
Bank Statement
EDGAR
30. Payment for insurance
Bonds
Premium
Pension
Deductions
31. An institution that issues something (securities or publications or currency etc.)
FICA
Income Statement
Unsecured Debt
Issuer
32. All costs or bills related to the business
Fixed-Rate Loan
Incentives
Expenses
Credit
33. 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
Cannibalizing assets
Good Faith
1040 EZ tax form
Billing Statement
34. Something of value; a resource; an advantage
Secured Loan
Compound Interest
Asset
Exemptions
35. The rights of an individual to own - use - rent - invest in - buy - and sell property.
Bond Rating
Property Rights
Disclosure
Face Value
36. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Allocation
Par Value
Total Debt
Mortage
37. A penalty for making a payment after the due date
Credit
Late Fee
EFT
Total Debt
38. Concern for ones own well being and advantages
Overdraft protection
Index Fund
Self-Interest
Asset Allocation
39. Production of a certain amount
Yield
Investing
Beneficiary
Saving
40. The commercial activity of transporting and selling goods from a producer to a consumer
Certificates of Deposit
Bank Statement
Credit
Distribution
41. Loan where the lender goes through the borrower
Direct Car Loan
Pension
Market Capitalization
Credit
42. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail
Beneficiary
Phishing
Savings Account
Cannibalizing assets
43. Financial organization that pools people's money and invests it
Trade-off
Distribution
Total Debt
Mutual Funds
44. Financial reports that summarize the financial condition and operations of a business
Savings Register
Exemptions
Usury
Financial Statements
45. Whatever must be given up to obtain some item
Preferred Stock
Bonds
Opportunity Cost
Consequence
46. 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.
Index Fund
Late Fee
1040 EZ tax form
Secured Debt
47. Income before taxes
Gross Income
Property Rights
Total Debt
Beneficiary
48. Compute credits and debits of an account
Balance
Stock Symbol
Distribution
Financial Goals
49. The apparent worth as opposed to the real worth
Opportunity Cost
Vesting
Transaction Fee
Face Value
50. Business organizations that accommodate the buying and selling of securities.
Common Stock
Stock Exchanges
Stockholders' Equity
Pension