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






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






3. The period covered by a salary payment






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






5. All costs or bills related to the business






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






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






8. Grant use or occupation of under a term of contract






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






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






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






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






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






14. Loan where the lender goes through the borrower






15. 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






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






17. The extent to which something is covered






18. A loan where the payment is acheived through interest






19. Income before taxes






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






21. A specific plan for spending your income






22. An accounting entry acknowledging sums that are owing






23. The shares available to sell/buy






24. A financial statement that gives operating results for a specific period






25. By planning ahead you can ensure financial stability during your retirement.






26. Payment for insurance






27. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.






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






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






30. Arrangement for deferred payment for goods and services






31. A periodic statement prepared by a bank for each client






32. Receiving money for loaning money






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






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






35. Something that is made open or revealed






36. 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.






37. Short for Federal Insurance Contributions Act - the name given on the paycheck stub for Social Security and Medicare taxes. The employee pays some of the FICA tax - and and the employer pays some of this tax for each employee. Social Security pays be






38. Loan deal in which the actual lender may not be known to the borrower.






39. The economical needs of an individual






40. A legal document declaring a person's wishes regarding the disposal of their property when they die






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






42. Someone who lends money at excessive rates of interest






43. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.






44. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received






45. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.






46. Diagnosis Codes (in CCB Popup if more then 5 codes)






47. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure






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






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






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







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