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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. Institution that functions much like a business - but does not operate for the purpose of generating profits
Maintain
Nonprofit Organization
Reconcile
Debit
2. Business organizations that accommodate the buying and selling of securities.
Identity Theft
Probate
Insolvent
Stock Exchanges
3. A regular payment to a person that iis intended to allow them to subsist without working
Bank Statement
Market Capitalization
Pension
Deductions
4. A regular payment to a person that iis intended to allow them to subsist without working
Cannibalizing assets
I-9
Interest Rate
Pension
5. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index
Index Fund
Certificates of Deposit
Nonprofit Organization
Annual Report
6. Profits paid to investors
dividends
Adjusted Gross Income
Statement of Cash Flows
Index Fund
7. The commercial activity of transporting and selling goods from a producer to a consumer
Balance
Distribution
Phishing
Salary
8. A yearly statement of the financial condition - progress - and expectations of an organization
Annual Report
Net Income
Stock Exchanges
1040 tax form
9. A venture undertaken without regard to possible loss or injury
Investing
Risk
Disclosure
Late Fee
10. A payment given as a guarantee that an obligation will be met
Transfer Payments
Cannibalizing assets
Deposit
Income
11. The money(usually a set amount) given to an individual to spend
Personal Allowances
Estate Planning
Securities
Cash
12. The extent to which something is covered
Usury
Coverage
Wage
Trade-off
13. An evaluation by a rating company of the probability that a particular bond issue will default
Ownership Investments
Liability
I-9
Bond Rating
14. The percentage of a sum of money charged for its use
Net Income
Interest Rate
Financial Statements
Allocation
15. A bond with zero discounts
Zero-Coupon Bond
Balance
Income
Float
16. Production of a certain amount
Yield
Scarcity
Adjustable-Rate Loan
Net Income
17. Receiving money for loaning money
Lending Investments
FICA
EFT
Indirect Car Loan
18. Financial organization that pools people's money and invests it
Coverage
Retirement Planning
Mutual Funds
Phishing
19. Maintain by writing regular records
Property Rights
Transaction Fee
Maintain
Expenses
20. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Billing Statement
Stock Symbol
Vesting
Pension
21. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Compound Interest
Insurance
Stockholders' Equity
Total Assets
22. 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
Secured Loan
FICA
W-4
Vesting
23. 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.
Debit
Predatory Lending
Statement of Cash Flows
Late Fee
24. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
Usury
Balance Sheet
Incentives
Savings Register
25. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.
Living Trust
Annual Report
Financial Goals
Bonds
26. The act of reducing the selling price of merchandise
Deductible
Deduction
Inflation
Debt Consolidation
27. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Stock Symbol
Bankruptcy
Line of Credit
Stock Symbol
28. Something that is made open or revealed
Property Rights
Coverage
Disclosure
Secured Loan
29. A fixed charge for borrowing money
Transaction
Annual Fee
Par Value
Interest
30. A long-term loan extended to someone who buys property
Preferred Stock
Property Rights
Exemptions
Mortage
31. All costs or bills related to the business
Premium
Expenses
Fixed-Rate Loan
Stock Symbol
32. A fixed charge for borrowing money
Interest
Opportunity Cost
401 K
Stock Symbol
33. Short-term and Long-term objectives that are driven by values.
Financial Goals
Checkbook Register
Liability
Transaction
34. Profits paid to investors
Estate Planning
Forbearance
dividends
Consequence
35. A debt; something disadvantageous
Liability
Interest Rate
Deposit
Transaction Fee
36. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Probate
Reconcile
Balance Sheet
Mutual Funds
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
Salary
Par Value
Adjusted Gross Income
FICA
38. Financial reports that summarize the financial condition and operations of a business
Financial Statements
Financial Goals
Income Statement
Stock Table
39. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Annual Report
Insurance
Savings Register
Exemption
40. Funds that are often times traded through a stock exchange (NYSE)
Usury
Wage
Exchange-Traded Funds
Credit
41. A financial statement that gives operating results for a specific period
Reconcile
Income Statement
Payday Loan
Cannibalizing assets
42. A long-term loan extended to someone who buys property
Mortage
Mutual Funds
Asset
Salary
43. Immunity from a general burden - tax or charge; in bankruptcy or judgment executions - that portion of the debtor's property that cannot be liquidiated and applied to her debts
Issuer
Exemptions
Insurance
Direct Car Loan
44. Maintain by writing regular records
Maintain
Investing
Wage
Financial Institution
45. A share set aside for a specific purpose
Debit
Coupon Rate
Allocation
EDGAR
46. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
Cannibalizing assets
I-9
Profit
Billing Statement
47. Anything that is used to produce goods or services
Resources
Nonprofit Organization
Time value of money
Credit
48. Stock other than preferred stock
Annual Fee
Market Capitalization
1040 tax form
Common Stock
49. 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
Distribution
APR
Withdrawal
Resources
50. The amount of money you would need to deposit now in order to attain a desired amount in the future
Gross Income
Present Value
Income Statement
Stock Symbol