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 interest rate that a bond issuer will pay to a bondholder






2. A business activity that changes assets - liabilities - or owner's equity






3. An act of economizing






4. The recipient of funds or other benefits






5. The apparent worth as opposed to the real worth






6. Preparing a plan for transferring property during one's lifetime and at one's death






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






8. A share set aside for a specific purpose






9. 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.






10. Having honest intentions






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






12. Give back (tax return)






13. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default






14. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt






15. A loan backed by something valuable - such as property






16. A fixed charge for borrowing money






17. 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






18. A bank account that accumulates interest






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






20. The value of a security that is set by the company issuing it






21. The recipient of funds or other benefits






22. Items of personal interest to collectors that can increase in value in the future






23. A loan where the payment is acheived through interest






24. Something of value; a resource; an advantage






25. Electronic Funds Transfer






26. Shares of ownership in a company






27. Interest calculated on both the principal and the accrued interest






28. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.






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






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






31. The act of reducing the selling price of merchandise






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






33. Place to create a savings account.






34. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group






35. 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






36. The act of taking out money or other capital






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






38. An amount that credit card companies can charge for the use of a credit card.






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






40. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month






41. The act of taking out money or other capital






42. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount






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






44. The outcome of an event especially as relative to an individual






45. A specific plan for spending your income






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






47. The extent to which something is covered






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






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






50. 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