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. Give back (tax return)






2. Institution that functions much like a business - but does not operate for the purpose of generating profits






3. Maintain by writing regular records






4. A debt; something disadvantageous






5. Stock other than preferred stock






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






7. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid






8. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements






9. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group






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






11. Can be found in a newspaper and shows information about popular stocks.






12. Something that is made open or revealed






13. A fixed charge for borrowing money






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






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






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






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






18. An accounting entry acknowledging sums that are owing






19. A share set aside for a specific purpose






20. A specific plan for spending your income






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






22. The act of reducing the selling price of merchandise






23. An accounting entry acknowledging income or capital items






24. All costs or bills related to the business






25. Shares of ownership in a company






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






27. 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.






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






29. Someone who has insufficient assets to cover their debts






30. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount






31. 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.






32. The act of taking out money or other capital






33. The act of reducing the selling price of merchandise






34. 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






35. A person appointed by a testator to carry out the terms of the will






36. A loan where the payment is acheived through interest






37. The apparent worth as opposed to the real worth






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






39. An estimation of the value of a business that is obtained by multiplying the number of shares outstanding by the current price of a share






40. An amount that credit card companies can charge for the use of a credit card.






41. 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.






42. A general and progressive increase in prices






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






44. A regular payment to a person that iis intended to allow them to subsist without working






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






46. 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






47. Protection against future loss






48. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default






49. The fee - expressed as a percentage - a borrower owes for the use of a creditor's money. At an interest rate of 10% - a borrower would pay $110 for $100 borrowed.






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