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






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






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






4. All costs or bills related to the business






5. 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


6. A person appointed by a testator to carry out the terms of the will






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






8. 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






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






10. Arrangement for deferred payment for goods and services






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






12. The amount of tax owed






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






14. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy






15. Concern for ones own well being and advantages






16. 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.






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






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






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






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






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






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






23. The standard IRS form for individual tax returns.






24. An act of economizing






25. The amount of money you would need to deposit now in order to attain a desired amount in the future






26. A share set aside for a specific purpose






27. Savings account that pays market rate or better interest and allows access to funds without penalty.






28. The extent to which something is covered






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






30. The period covered by a salary payment






31. 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


32. The act of reducing the selling price of merchandise






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






34. Limited quantities of resources to meet unlimited wants






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






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






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






38. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.






39. Place to create a savings account.






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






41. A debt not backed by specific property to satisfy the indebtedness in case of default.






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






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






44. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.






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






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






47. Compute credits and debits of an account






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






49. 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






50. A loan where the payment is acheived through interest