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. The amount of tax owed






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






3. Funds that pay part of their distributions out of principal cannibalize their assets. This depletes the fund's asset base. Funds cannibalize assets to maintain a dividend and keep shareholders happy. However - like feeding a cow its own milk - this p






4. An accounting entry acknowledging sums that are owing






5. Payment for insurance






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






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






8. An amount of money given to the borrower for a set period of time. After the set time has passed - the money must be paid back plus the lending fee - called interest. Payments are normally made over a series of months.






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






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






11. A fixed charge for borrowing money






12. Business organizations that accommodate the buying and selling of securities.






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






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






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






16. The period covered by a salary payment






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






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






19. Income before taxes






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






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






22. The withholding form each new employee fills out - stating the number of exemptions. the more exemptions listed - the less withholding tax will be taken from the paycheck.






23. The rights of an individual to own - use - rent - invest in - buy - and sell property.






24. Give back (tax return)






25. Electronic Funds Transfer






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






27. An automatic loan made to you if you write a check for more money than you have in your account






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






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






30. The extent to which something is covered






31. Funds that are often times traded through a stock exchange (NYSE)






32. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month






33. A record of checks written and deposits made in a checking account - kept by the depositor






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






35. Stock other than preferred stock






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






37. Profits paid to investors






38. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money






39. A loan in which the rate can be altered to adjust to economical need






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






41. Loan where the lender goes through the borrower






42. Anything that is used to produce goods or services






43. A specific plan for spending your income






44. An accounting entry acknowledging sums that are owing






45. A share set aside for a specific purpose






46. Having honest intentions






47. A loan where the payment is acheived through interest






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






49. The date on which a financial obligation must be repaid






50. The process of making a decision - usually complex