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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. A yearly statement of the financial condition - progress - and expectations of an organization
Forbearance
Interest Rate
Good Faith
Annual Report
2. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
Balance Sheet
Liability
Wealth Management
Direct Car Loan
3. Limited quantities of resources to meet unlimited wants
Exemption
Lending Investments
Scarcity
Beneficiary
4. Place to create a savings account.
Savings Register
Index Fund
On-Boarding
Unsecured Loan
5. Money paid to a worker
Bonds
Insurance
Wage
I-9
6. Protection against future loss
Insurance
Interest-Only Loan
Savings Account
Distribution
7. The act of reducing the selling price of merchandise
Stockholders' Equity
Mortage
Forbearance
Deduction
8. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index
Wealth Management
Index Fund
Lien
Disclosure
9. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
On-Boarding
Balance
Interest
Gross Income
10. Grant use or occupation of under a term of contract
Rent
EDGAR
Net Income
Stock Exchanges
11. The outcome of an event especially as relative to an individual
Investing
Rent
Consequence
Will
12. A financial statement that gives operating results for a specific period
Income Statement
Transaction
Transaction Fee
Financial Goals
13. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
Pay Period
Billing Statement
Debit
Will
14. Savings account that pays market rate or better interest and allows access to funds without penalty.
Issuer
Money Market Accounts
Forbearance
Bankruptcy
15. Electronic Funds Transfer
EFT
Financial Needs
Gross Income
Self-Interest
16. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.
Indirect Car Loan
Lending Investments
Debit
SEC Filings
17. A bank account that accumulates interest
Checkbook Register
Rent
Debit
Savings Account
18. By planning ahead you can ensure financial stability during your retirement.
Mutual Funds
Late Fee
Stocks
Retirement Planning
19. Something of value; a resource; an advantage
Deduction
Insurance
Compound Interest
Asset
20. The maximum credit that a customer is allowed
Fixed-Rate Loan
Line of Credit
Adjustable-Rate Loan
Probate
21. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
Line of Credit
On-Boarding
Opportunity Cost
Money Market Accounts
22. A periodic statement prepared by a bank for each client
Credit
Par Value
Allocation
Bank Statement
23. The distribution of investment funds among broad classes of assets.
Asset Allocation
Float
Allocation
Mortage
24. The value of a security that is set by the company issuing it
Par Value
Consequence
Interest Rate
Beneficiary
25. Total assets minus total liabilities
Net Worth
Deductible
Mutual Funds
Annual Report
26. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)
Unsecured Loan
Late Fee
Retirement Planning
Personal Allowances
27. The apparent worth as opposed to the real worth
Liability
Total Assets
Face Value
Lending Investments
28. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
Rent
Balance Sheet
Interest Rate
Salary
29. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Saving
Taxable Income
Probate
On-Boarding
30. An amount that credit card companies can charge for the use of a credit card.
Asset Allocation
Compound Interest
Stock Symbol
Annual Fee
31. The date on which a financial obligation must be repaid
Insurance
Insurance
Maturity Date
Decison-making
32. 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.
Preferred Stock
Predatory Lending
Vesting
Decison-making
33. Interest calculated on both the principal and the accrued interest
Bank Statement
FICA
Financial Institution
Compound Interest
34. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Premium
Net Worth
EDGAR
Certificates of Deposit
35. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Exemption
Net Income
I-9
Face Value
36. The act of lending money at an exorbitant rate of interest
Loan
FICA
Usury
Trade-off
37. An automatic loan made to you if you write a check for more money than you have in your account
Ownership Investments
Overdraft protection
Wealth Management
Collectibles
38. 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
Retirement Planning
Financial Needs
Time value of money
EDGAR
39. The interest rate that a bond issuer will pay to a bondholder
Stockholders' Equity
Coupon Rate
Exemption
Lien
40. An accounting entry acknowledging income or capital items
Line of Credit
Wealth Management
Money Market Accounts
Credit
41. An act of economizing
Collectibles
Saving
Deposit
Financial Statements
42. The date on which a financial obligation must be repaid
Consequence
Maturity Date
Income
Exemption
43. Making money for owning something
Ownership Investments
Property Rights
Unsecured Loan
Installment Loan
44. Bring into consonance or accord - to agree on terms
Reconcile
Compound Interest
Interest
Profit
45. 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
Retirement Planning
Index Fund
Direct Car Loan
46. The amount accruing to the corporations owners
47. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Par Value
Mutual Funds
dividends
Total Assets
48. 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.
Trade-off
Investing
Direct Car Loan
Balance Sheet
49. All costs or bills related to the business
Expenses
Securities
Maturity Date
APR
50. A fixed charge for borrowing money
Probate
Interest
Deposit
Distribution