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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. The standard IRS form for individual tax returns.
Interest-Only Loan
Adjustable-Rate Loan
Transfer Payments
1040 tax form
2. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.
Bond Rating
Wage
Living Trust
Interest Rate
3. Maintain by writing regular records
Financial Institution
Values
Coupon Rate
Maintain
4. Electronic Funds Transfer
Premium
Billing Statement
Unsecured Debt
EFT
5. Loan where the lender goes through the borrower
Insurance
Direct Car Loan
Asset
1040 EZ tax form
6. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index
Index Fund
Lending Investments
Beneficiary
Self-Interest
7. Arrangement for deferred payment for goods and services
Distribution
Risk
Loan Shark
Credit
8. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Money Market Accounts
Stock Symbol
Return
Opportunity Cost
9. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Par Value
Stock Symbol
Financial Statements
Credit
10. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.
401 K
Debit
SEC Filings
Coverage
11. The value of a security that is set by the company issuing it
Par Value
Exemptions
Statement of Cash Flows
Financial Statements
12. 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.
Transfer Payments
Financial Goals
Foreclosure
Common Stock
13. Loan deal in which the actual lender may not be known to the borrower.
Foreclosure
Consequence
Personal Allowances
Indirect Car Loan
14. A payment given as a guarantee that an obligation will be met
Deposit
Salary
Present Value
Premium
15. Short-term and Long-term objectives that are driven by values.
Financial Goals
Investing
Bankruptcy
APR
16. Someone who has insufficient assets to cover their debts
Collectibles
Deductible
Transfer Payments
Insolvent
17. Receiving money for loaning money
Lending Investments
Balance
Premium
Probate
18. Compute credits and debits of an account
1040 tax form
Balance
Executor
Investing
19. The rights of an individual to own - use - rent - invest in - buy - and sell property.
dividends
Property Rights
Wage
Stock Exchanges
20. Financial organization that pools people's money and invests it
Mutual Funds
Time value of money
Stock Symbol
Income
21. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Disclosure
Bankruptcy
Lending Investments
Bonds
22. The time interval between the deposit of a check in a bank and its payment
Transfer Payments
Float
Good Faith
Stock Symbol
23. An evaluation by a rating company of the probability that a particular bond issue will default
Credit
Bond Rating
Ownership Investments
Forbearance
24. A financial statement that gives operating results for a specific period
Income Statement
SEC Filings
Stock Symbol
Bank Statement
25. By planning ahead you can ensure financial stability during your retirement.
Taxable Income
Unsecured Debt
Retirement Planning
Maturity Date
26. The amount accruing to the corporations owners
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27. A loan in which the rate can be altered to adjust to economical need
Probate
Adjustable-Rate Loan
Adjusted Gross Income
Secured Loan
28. Income on which tax must be paid; total income minus exemptions and deductions
Savings Account
Consequence
Taxable Income
Probate
29. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail
Investing
Phishing
Yield
Vesting
30. A fixed charge for borrowing money
Issuer
Interest
Adjusted Gross Income
Cannibalizing assets
31. Simplified IRS tax form which some individuals can file instead of the 1040 form.
Investing
1040 EZ tax form
Stock Symbol
Interest Rate
32. A long-term loan extended to someone who buys property
Foreclosure
Secured Debt
Maturity Date
Mortage
33. A loan backed by something valuable - such as property
Secured Loan
Par Value
Consequence
Billing Statement
34. The interest rate that a bond issuer will pay to a bondholder
Payday Loan
Total Debt
Expenses
Coupon Rate
35. All costs or bills related to the business
Expenses
Stockholders' Equity
Loan
Credit
36. Limited quantities of resources to meet unlimited wants
Scarcity
Certificates of Deposit
Pay Period
Financial Statements
37. A share set aside for a specific purpose
Pension
Indirect Car Loan
Certificates of Deposit
Allocation
38. The apparent worth as opposed to the real worth
Distribution
Common Stock
Face Value
Liability
39. Loan where the lender goes through the borrower
Direct Car Loan
Bank Statement
Phishing
Allocation
40. A long-term loan extended to someone who buys property
Insolvent
Opportunity Cost
Mutual Funds
Mortage
41. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
Financial Needs
Wealth Management
On-Boarding
Credit
42. An accounting entry acknowledging sums that are owing
Stock Exchanges
Overdraft protection
Will
Debit
43. 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.
Predatory Lending
Fixed-Rate Loan
Coupon Rate
Adjusted Gross Income
44. Financial reports that summarize the financial condition and operations of a business
Exemptions
Annual Report
Financial Statements
Compound Interest
45. Institution that functions much like a business - but does not operate for the purpose of generating profits
Annual Fee
Rent
Nonprofit Organization
Usury
46. An evaluation by a rating company of the probability that a particular bond issue will default
Bond Rating
Par Value
Stocks
Transaction
47. The amount of tax owed
Debt Consolidation
Tax Liability
Shares Outstanding
Pay Period
48. The distribution of investment funds among broad classes of assets.
Usury
1040 EZ tax form
Asset Allocation
Bankruptcy
49. Is your gross income after certain reductions have been made
Scarcity
Adjusted Gross Income
Values
Salary
50. A bank account that accumulates interest
Savings Account
Indirect Car Loan
Disclosure
Withdrawal