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. A loan where the payment is acheived through interest






2. The right to take another's property if an obligation is not discharged






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






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






5. A fixed charge for borrowing money






6. Profits paid to investors






7. Income before taxes






8. The economical needs of an individual






9. A periodic statement prepared by a bank for each client






10. Bring into consonance or accord - to agree on terms






11. The time interval between the deposit of a check in a bank and its payment






12. Place to create a savings account.






13. The amount of tax owed






14. The percentage of a sum of money charged for its use






15. An evaluation by a rating company of the probability that a particular bond issue will default






16. The commercial activity of transporting and selling goods from a producer to a consumer






17. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time






18. The act of reducing the selling price of merchandise






19. The shares available to sell/buy






20. Electronic Funds Transfer






21. Simplified IRS tax form which some individuals can file instead of the 1040 form.






22. The right to take another's property if an obligation is not discharged






23. Someone who lends money at excessive rates of interest






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






25. Having honest intentions






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






27. Simplified IRS tax form which some individuals can file instead of the 1040 form.






28. 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






29. The act of lending money at an exorbitant rate of interest






30. The process of managing one's assets and wealth






31. Immunity from a general burden - tax or charge; in bankruptcy or judgment executions - that portion of the debtor's property that cannot be liquidiated and applied to her debts






32. 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.






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






34. Place to create a savings account.






35. The co-option of another person's personal information (e.g. - name - social security number - credit card number - passport) without that person's knowledge and the fraudulent use of such knowledge






36. A penalty for making a payment after the due date






37. An accounting entry acknowledging sums that are owing






38. An institution that issues something (securities or publications or currency etc.)






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






40. A tax-deferred investment and savings plan that acts as a personal pension fund for employees






41. The time interval between the deposit of a check in a bank and its payment






42. Limited quantities of resources to meet unlimited wants






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






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






45. Payment for insurance






46. A yearly statement of the financial condition - progress - and expectations of an organization






47. The recipient of funds or other benefits






48. A periodic statement prepared by a bank for each client






49. Financial reports that summarize the financial condition and operations of a business






50. Short for Federal Insurance Contributions Act - the name given on the paycheck stub for Social Security and Medicare taxes. The employee pays some of the FICA tax - and and the employer pays some of this tax for each employee. Social Security pays be