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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 penalty for making a payment after the due date
Securities
Taxable Income
Deductions
Late Fee
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
Consequence
Salary
Total Debt
3. 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
Mortage
Interest-Only Loan
APR
Profit
4. Can be found in a newspaper and shows information about popular stocks.
Liability
Stock Table
Financial Goals
Liability
5. A person appointed by a testator to carry out the terms of the will
Annual Report
Gross Income
Bank Statement
Executor
6. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail
Net Worth
Credit
Insolvent
Phishing
7. Loan with equal number of payments of the same amount over a fixed period of time.
On-Boarding
Installment Loan
Bond Rating
Present Value
8. Having honest intentions
Good Faith
Balance Sheet
Savings Account
EDGAR
9. The period covered by a salary payment
Installment Loan
Transaction Fee
Total Debt
Pay Period
10. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail
Gross Income
Preferred Stock
Opportunity Cost
Phishing
11. The amount of money you would need to deposit now in order to attain a desired amount in the future
Scarcity
Zero-Coupon Bond
Collectibles
Present Value
12. 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
EDGAR
Stocks
Statement of Cash Flows
Executor
13. Compute credits and debits of an account
Balance
Total Debt
Debit
Common Stock
14. Profits paid to investors
dividends
Usury
Liability
Financial Institution
15. The date on which a financial obligation must be repaid
Saving
Maturity Date
Certificates of Deposit
Debt Consolidation
16. The amount of tax owed
Stock Symbol
Income Statement
Annual Report
Tax Liability
17. Someone who has insufficient assets to cover their debts
Insolvent
Indirect Car Loan
Checkbook Register
Financial Goals
18. Limited quantities of resources to meet unlimited wants
Scarcity
Adjusted Gross Income
Annual Fee
Transaction Fee
19. Loan where the lender goes through the borrower
1040 EZ tax form
Present Value
Interest-Only Loan
Direct Car Loan
20. Place to create a savings account.
Savings Register
Foreclosure
Usury
Tax Liability
21. The economical needs of an individual
Financial Statements
Financial Needs
Fixed-Rate Loan
Secured Debt
22. Anything that is used to produce goods or services
W-4
Shares Outstanding
Risk
Resources
23. The apparent worth as opposed to the real worth
Preferred Stock
401 K
Withdrawal
Face Value
24. Loan where the lender goes through the borrower
Annual Report
Direct Car Loan
Fixed-Rate Loan
Common Stock
25. Payment for insurance
Premium
Payday Loan
Compound Interest
Interest Rate
26. The commercial activity of transporting and selling goods from a producer to a consumer
Credit
Interest-Only Loan
Distribution
Balance
27. Business organizations that accommodate the buying and selling of securities.
Mutual Funds
Stock Exchanges
Good Faith
Fixed-Rate Loan
28. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Zero-Coupon Bond
Overdraft protection
Financial Needs
Bankruptcy
29. Simplified IRS tax form which some individuals can file instead of the 1040 form.
1040 EZ tax form
Securities
Retirement Planning
SEC Filings
30. The recipient of funds or other benefits
Withdrawal
Exemptions
Beneficiary
Usury
31. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Par Value
Foreclosure
Preferred Stock
Stock Table
32. A penalty for making a payment after the due date
Adjusted Gross Income
Maintain
Late Fee
Interest Rate
33. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Decison-making
Time value of money
1040 tax form
Expenses
34. Concern for ones own well being and advantages
EFT
dividends
Self-Interest
Good Faith
35. The amount accruing to the corporations owners
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36. 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
Index Fund
Yield
Exemptions
Predatory Lending
37. The money(usually a set amount) given to an individual to spend
Predatory Lending
Financial Needs
Savings Register
Personal Allowances
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
EDGAR
Loan Shark
Coupon Rate
Exemption
39. The shares available to sell/buy
On-Boarding
Shares Outstanding
Financial Needs
Money Market Accounts
40. The date on which a financial obligation must be repaid
Balance
EFT
Maturity Date
Common Stock
41. By planning ahead you can ensure financial stability during your retirement.
Indirect Car Loan
Asset Allocation
Direct Car Loan
Retirement Planning
42. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Net Worth
Credit
Certificates of Deposit
Expenses
43. The interest rate that a bond issuer will pay to a bondholder
Good Faith
Float
Late Fee
Coupon Rate
44. Cash payments made by the government to people who do not supply goods - services - or labor in exchange for these payments. They include Social Security benefits - veterans' benefits - and welfare payments.
EDGAR
Mutual Funds
Secured Loan
Transfer Payments
45. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Common Stock
Billing Statement
FICA
Profit
46. 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.
Investing
Liability
Financial Needs
Financial Statements
47. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Deductions
Pension
Probate
Common Stock
48. The money(usually a set amount) given to an individual to spend
I-9
Wage
Personal Allowances
Financial Needs
49. Financial reports that summarize the financial condition and operations of a business
Bank Statement
Profit
Financial Statements
Stock Symbol
50. Interest calculated on both the principal and the accrued interest
Compound Interest
1040 EZ tax form
Stockholders' Equity
Retirement Planning