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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. Preparing a plan for transferring property during one's lifetime and at one's death
Interest Rate
Estate Planning
Secured Debt
Salary
2. The financial gain (earned or unearned) accruing over a given period of time
dividends
Installment Loan
Income
Secured Loan
3. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Liability
Deposit
dividends
Foreclosure
4. A bond with zero discounts
Values
Debt Consolidation
Line of Credit
Zero-Coupon Bond
5. A debt not backed by specific property to satisfy the indebtedness in case of default.
Identity Theft
Income
Savings Register
Unsecured Debt
6. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.
1040 EZ tax form
SEC Filings
Mutual Funds
Balance
7. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Probate
Exemptions
Living Trust
EDGAR
8. The outcome of an event especially as relative to an individual
I-9
I-9
Transaction
Consequence
9. Income before taxes
Net Income
Gross Income
Pay Period
I-9
10. The economical needs of an individual
Securities
Secured Loan
Financial Needs
Incentives
11. Maintain by writing regular records
Maintain
Unsecured Loan
Asset
Mutual Funds
12. An extra charge for various credit activities such as using an ATM or receiving a cash advance
Transaction Fee
Withdrawal
Mutual Funds
Self-Interest
13. Maintain by writing regular records
Good Faith
Coverage
Maintain
Incentives
14. An accounting entry acknowledging sums that are owing
Annual Report
Debit
Securities
Direct Car Loan
15. By planning ahead you can ensure financial stability during your retirement.
Retirement Planning
Annual Report
Deduction
Maturity Date
16. Bring into consonance or accord - to agree on terms
Reconcile
Time value of money
Coupon Rate
Insolvent
17. Prompt payment for goods or services in currency or by check
Cash
Stock Symbol
Bank Statement
EFT
18. Prompt payment for goods or services in currency or by check
Nonprofit Organization
Investing
Indirect Car Loan
Cash
19. The distribution of investment funds among broad classes of assets.
Liability
Beneficiary
Credit
Asset Allocation
20. A periodic statement prepared by a bank for each client
Bank Statement
Personal Allowances
Identity Theft
Incentives
21. Loan deal in which the actual lender may not be known to the borrower.
Unsecured Loan
Installment Loan
Indirect Car Loan
Zero-Coupon Bond
22. A specific plan for spending your income
Present Value
EFT
Personal Budget
W-4
23. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
Financial Statements
Scarcity
Balance Sheet
Values
24. The apparent worth as opposed to the real worth
Direct Car Loan
Face Value
Lien
Payday Loan
25. The shares available to sell/buy
Float
Stock Exchanges
Par Value
Shares Outstanding
26. Is your gross income after certain reductions have been made
Savings Register
Adjusted Gross Income
Payday Loan
Beneficiary
27. 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.
Pension
Asset
Predatory Lending
Annual Report
28. 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
Nonprofit Organization
Disclosure
EDGAR
Mutual Funds
29. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time
Ownership Investments
Insurance
Profit
Vesting
30. An extra charge for various credit activities such as using an ATM or receiving a cash advance
Distribution
Transaction Fee
Annual Report
Savings Account
31. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
FICA
Debt Consolidation
Total Assets
Lending Investments
32. The act of taking out money or other capital
Consequence
Financial Statements
Withdrawal
Loan Shark
33. A loan in which the rate can be altered to adjust to economical need
Adjustable-Rate Loan
Pay Period
Investing
Expenses
34. 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.
Market Capitalization
Stock Table
Decison-making
Interest Rate
35. Loan where the lender goes through the borrower
Interest
Savings Account
Insolvent
Direct Car Loan
36. The act of taking out money or other capital
Withdrawal
Zero-Coupon Bond
Beneficiary
Debit
37. The co-option of another person's personal information (e.g. - name - social security number - credit card number - passport) without that person's knowledge and the fraudulent use of such knowledge
Personal Allowances
Loan
Stock Table
Identity Theft
38. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index
Opportunity Cost
Annual Report
Rent
Index Fund
39. The shares available to sell/buy
Shares Outstanding
Profit
Exchange-Traded Funds
Par Value
40. The money(usually a set amount) given to an individual to spend
Stocks
Reconcile
Personal Allowances
Fixed-Rate Loan
41. A financial statement that gives operating results for a specific period
Lien
Reconcile
Inflation
Income Statement
42. An amount that credit card companies can charge for the use of a credit card.
Profit
Annual Fee
Lien
Financial Goals
43. Give back (tax return)
Secured Debt
Return
Beneficiary
Fixed-Rate Loan
44. 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
Secured Loan
Stock Table
APR
Interest Rate
45. A loan backed by something valuable - such as property
Float
Property Rights
Loan Shark
Secured Loan
46. An institution that issues something (securities or publications or currency etc.)
W-4
Issuer
Salary
Loan Shark
47. Certificates that represent money the government has borrowed from private citizens
APR
Yield
Usury
Bonds
48. Short-term and Long-term objectives that are driven by values.
Liability
Asset
Savings Account
Financial Goals
49. A penalty for making a payment after the due date
Executor
Probate
Face Value
Late Fee
50. A record of checks written and deposits made in a checking account - kept by the depositor
Will
Checkbook Register
Wealth Management
Rent