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. Total assets minus total liabilities






2. The standard IRS form for individual tax returns.






3. Arrangement for deferred payment for goods and services






4. A share set aside for a specific purpose






5. The recipient of funds or other benefits






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






7. The apparent worth as opposed to the real worth






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






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






10. Any of a number of fraudulent - deceptive - discriminatory - or unfavorable lending practices. Many of these practices are illegal - while others are legal but not in the best interest of the borrowers.






11. Things that incite or spur to action; rewards or reasons for performing a task.






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






13. Electronic Funds Transfer






14. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)






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






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






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






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






19. A specific plan for spending your income






20. The money(usually a set amount) given to an individual to spend






21. Payment for insurance






22. Short-term and Long-term objectives that are driven by values.






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






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






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






26. Prompt payment for goods or services in currency or by check






27. 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






28. An accounting entry acknowledging income or capital items






29. Concern for ones own well being and advantages






30. 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






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






32. Certificates that represent money the government has borrowed from private citizens






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






34. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights






35. An act of economizing






36. Maintain by writing regular records






37. The financial gain (earned or unearned) accruing over a given period of time






38. A venture undertaken without regard to possible loss or injury






39. Place to create a savings account.






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






41. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation






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






43. 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






44. A payment given as a guarantee that an obligation will be met






45. Production of a certain amount






46. A loan that is paid off in a fixed rate over a period of time






47. A general and progressive increase in prices






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






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






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