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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 legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Financial Needs
Foreclosure
W-4
Premium
2. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received
Net Income
Stock Table
Resources
Installment Loan
3. Diagnosis Codes (in CCB Popup if more then 5 codes)
Foreclosure
Probate
401 K
I-9
4. Profits paid to investors
I-9
Market Capitalization
1040 EZ tax form
dividends
5. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Total Assets
Predatory Lending
Return
Bond Rating
6. Loan where the lender goes through the borrower
Yield
Direct Car Loan
Transaction
Transfer Payments
7. A fixed charge for borrowing money
Loan Shark
Savings Account
Scarcity
Interest
8. The recipient of funds or other benefits
Market Capitalization
Beneficiary
Financial Institution
Self-Interest
9. Someone who lends money at excessive rates of interest
Vesting
Transfer Payments
Loan Shark
Financial Statements
10. The rights of an individual to own - use - rent - invest in - buy - and sell property.
Interest Rate
Property Rights
Lien
Tax Liability
11. Short-term and Long-term objectives that are driven by values.
Loan Shark
Financial Goals
Issuer
On-Boarding
12. Give back (tax return)
Financial Statements
Time value of money
Return
Lien
13. The shares available to sell/buy
Preferred Stock
Shares Outstanding
Saving
Payday Loan
14. Diagnosis Codes (in CCB Popup if more then 5 codes)
Collectibles
Expenses
Mortage
I-9
15. The amount of tax owed
Tax Liability
Stock Table
Market Capitalization
Net Income
16. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.
Liability
SEC Filings
Exemption
Deductions
17. A financial statement that gives operating results for a specific period
Stockholders' Equity
Total Assets
Income Statement
Secured Loan
18. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.
Billing Statement
Deductions
Cash
Living Trust
19. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.
SEC Filings
Deduction
Distribution
Market Capitalization
20. The financial gain (earned or unearned) accruing over a given period of time
Gross Income
Income
Bonds
Coupon Rate
21. A specific plan for spending your income
Predatory Lending
Financial Statements
Personal Budget
Executor
22. Money paid to a worker
Present Value
Loan
Wage
Bankruptcy
23. A bank account that accumulates interest
Nonprofit Organization
Savings Account
Exemptions
Scarcity
24. A general and progressive increase in prices
Inflation
On-Boarding
Par Value
Fixed-Rate Loan
25. Maintain by writing regular records
Maintain
Wealth Management
FICA
dividends
26. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time
I-9
Vesting
Deductions
Liability
27. The process of making a decision - usually complex
Decison-making
Transaction Fee
Liability
Market Capitalization
28. The amount of tax owed
FICA
Billing Statement
Total Assets
Tax Liability
29. A bond with zero discounts
Premium
Liability
Zero-Coupon Bond
Property Rights
30. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index
Face Value
Executor
Index Fund
Salary
31. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Unsecured Debt
Pension
Foreclosure
Beneficiary
32. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
On-Boarding
Deduction
Deductible
Allocation
33. A loan that is paid off in a fixed rate over a period of time
Personal Allowances
Fixed-Rate Loan
Foreclosure
Billing Statement
34. The act of taking out money or other capital
Withdrawal
Interest-Only Loan
Asset
Investing
35. An amount that credit card companies can charge for the use of a credit card.
Opportunity Cost
Probate
Annual Fee
Asset
36. All costs or bills related to the business
Withdrawal
FICA
Bonds
Expenses
37. A bank account that accumulates interest
Interest Rate
Savings Account
Financial Goals
Credit
38. Something that is made open or revealed
1040 tax form
Usury
Disclosure
dividends
39. 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.
Time value of money
Liability
Investing
Beneficiary
40. Stock other than preferred stock
Deductions
Salary
Allocation
Common Stock
41. Institution that functions much like a business - but does not operate for the purpose of generating profits
Float
Annual Fee
Return
Nonprofit Organization
42. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Line of Credit
Securities
Saving
Index Fund
43. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Securities
Scarcity
Installment Loan
Saving
44. Income before taxes
Statement of Cash Flows
Return
Time value of money
Gross Income
45. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Interest
Preferred Stock
Incentives
Issuer
46. Having honest intentions
EDGAR
Consequence
Good Faith
Will
47. The shares available to sell/buy
Financial Goals
Gross Income
Shares Outstanding
Compound Interest
48. The date on which a financial obligation must be repaid
Interest
Bonds
Maturity Date
Annual Fee
49. A share set aside for a specific purpose
Allocation
Retirement Planning
Rent
Forbearance
50. Place to create a savings account.
Secured Debt
Savings Register
Stock Exchanges
Phishing