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. Compute credits and debits of an account
Insurance
Balance
Credit
Coverage
2. A long-term loan extended to someone who buys property
Mortage
Will
Issuer
Balance Sheet
3. Funds that are often times traded through a stock exchange (NYSE)
Financial Goals
Retirement Planning
Exchange-Traded Funds
Living Trust
4. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Market Capitalization
Total Debt
Issuer
Transaction
5. 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
Tax Liability
Identity Theft
Cannibalizing assets
Gross Income
6. Income before taxes
FICA
Gross Income
Adjustable-Rate Loan
Forbearance
7. Loan with equal number of payments of the same amount over a fixed period of time.
Installment Loan
Exemptions
Return
Liability
8. 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
Financial Goals
Face Value
Beneficiary
9. The outcome of an event especially as relative to an individual
Consequence
EFT
Present Value
Usury
10. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Time value of money
Deductible
Issuer
Will
11. A person appointed by a testator to carry out the terms of the will
Balance
Risk
Mutual Funds
Executor
12. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
Securities
Billing Statement
Trade-off
Executor
13. Income on which tax must be paid; total income minus exemptions and deductions
Overdraft protection
Savings Register
Taxable Income
Retirement Planning
14. Income before taxes
Asset
Float
Interest Rate
Gross Income
15. The amount of tax owed
Financial Statements
Tax Liability
W-4
EFT
16. Whatever must be given up to obtain some item
I-9
Risk
Late Fee
Opportunity Cost
17. The shares available to sell/buy
Interest Rate
Unsecured Debt
Shares Outstanding
Total Assets
18. An evaluation by a rating company of the probability that a particular bond issue will default
Forbearance
Interest-Only Loan
Bond Rating
Stock Exchanges
19. A payment given as a guarantee that an obligation will be met
Deposit
Income Statement
FICA
Insolvent
20. The act of lending money at an exorbitant rate of interest
Loan
401 K
Usury
Exchange-Traded Funds
21. Production of a certain amount
Coupon Rate
Yield
Face Value
Income Statement
22. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Scarcity
Certificates of Deposit
Withdrawal
Preferred Stock
23. Prompt payment for goods or services in currency or by check
Deposit
Lien
Cash
Risk
24. A tax-deferred investment and savings plan that acts as a personal pension fund for employees
Debit
Balance Sheet
401 K
Credit
25. Bring into consonance or accord - to agree on terms
Reconcile
Payday Loan
Salary
Late Fee
26. The process of making a decision - usually complex
Salary
Present Value
Personal Allowances
Decison-making
27. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Certificates of Deposit
Insurance
Loan
Stock Symbol
28. An institution that issues something (securities or publications or currency etc.)
Late Fee
Issuer
Market Capitalization
Distribution
29. 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.
Investing
W-4
Forbearance
Savings Account
30. An accounting entry acknowledging income or capital items
Index Fund
Financial Statements
Credit
Phishing
31. A loan backed by something valuable - such as property
Secured Loan
APR
Pension
Securities
32. A bond with zero discounts
Zero-Coupon Bond
Wealth Management
1040 EZ tax form
Self-Interest
33. The amount of money you would need to deposit now in order to attain a desired amount in the future
Income Statement
Present Value
Gross Income
Net Worth
34. Total assets minus total liabilities
Asset Allocation
Net Worth
Mutual Funds
Time value of money
35. Diagnosis Codes (in CCB Popup if more then 5 codes)
Trade-off
Annual Fee
Zero-Coupon Bond
I-9
36. 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.
Expenses
Float
Loan
Deduction
37. Electronic Funds Transfer
EDGAR
EFT
Income Statement
Scarcity
38. Anything that is used to produce goods or services
Taxable Income
Allocation
Collectibles
Resources
39. 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
Securities
Asset
Cannibalizing assets
Nonprofit Organization
40. An amount that credit card companies can charge for the use of a credit card.
Resources
Risk
Consequence
Annual Fee
41. Is your gross income after certain reductions have been made
Adjusted Gross Income
Market Capitalization
dividends
Face Value
42. 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
Ownership Investments
Index Fund
Property Rights
43. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Distribution
Securities
Unsecured Loan
Bank Statement
44. The period covered by a salary payment
Allocation
Zero-Coupon Bond
Pay Period
Interest Rate
45. The extent to which something is covered
Balance Sheet
Deposit
Coverage
Ownership Investments
46. Place to create a savings account.
Personal Allowances
EFT
Savings Register
Mutual Funds
47. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Transfer Payments
Foreclosure
Stock Symbol
1040 EZ tax form
48. A regular payment to a person that iis intended to allow them to subsist without working
Deposit
Pension
Preferred Stock
Reconcile
49. Business organizations that accommodate the buying and selling of securities.
Wealth Management
Indirect Car Loan
Stock Exchanges
Distribution
50. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.
Interest Rate
FICA
Living Trust
Present Value