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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. 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
Debt Consolidation
Savings Register
dividends
Identity Theft
2. Production of a certain amount
Deposit
Balance Sheet
Transfer Payments
Yield
3. The act of taking out money or other capital
Withdrawal
Resources
Mutual Funds
401 K
4. The outcome of an event especially as relative to an individual
Deposit
Living Trust
Consequence
Bank Statement
5. A yearly statement of the financial condition - progress - and expectations of an organization
Property Rights
Inflation
Annual Report
Disclosure
6. The amount accruing to the corporations owners
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7. A regular payment to a person that iis intended to allow them to subsist without working
Pension
Index Fund
Interest-Only Loan
Insurance
8. A venture undertaken without regard to possible loss or injury
Risk
Disclosure
Debit
Forbearance
9. 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
Identity Theft
APR
Deposit
Nonprofit Organization
10. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Decison-making
Executor
Cash
Foreclosure
11. The amount accruing to the corporations owners
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12. Savings account that pays market rate or better interest and allows access to funds without penalty.
Money Market Accounts
EDGAR
Total Assets
Cash
13. 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
Investing
Exemptions
Insolvent
Common Stock
14. 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
Liability
Disclosure
Secured Loan
Identity Theft
15. Diagnosis Codes (in CCB Popup if more then 5 codes)
Stockholders' Equity
I-9
Par Value
SEC Filings
16. The recipient of funds or other benefits
Foreclosure
Beneficiary
Zero-Coupon Bond
Deposit
17. Loan deal in which the actual lender may not be known to the borrower.
Usury
Indirect Car Loan
Bankruptcy
Cash
18. The act of reducing the selling price of merchandise
Phishing
Taxable Income
Deduction
Money Market Accounts
19. Loan where the lender goes through the borrower
Compound Interest
Tax Liability
Late Fee
Direct Car Loan
20. An amount that credit card companies can charge for the use of a credit card.
Interest
EFT
Compound Interest
Annual Fee
21. An institution that issues something (securities or publications or currency etc.)
Inflation
Direct Car Loan
Certificates of Deposit
Issuer
22. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt
Yield
FICA
Debt Consolidation
Money Market Accounts
23. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.
Statement of Cash Flows
Balance
Issuer
Installment Loan
24. The money(usually a set amount) given to an individual to spend
Personal Allowances
Expenses
Interest
Certificates of Deposit
25. Profits paid to investors
Float
Direct Car Loan
dividends
Asset Allocation
26. An obligation to pay money to another party
Transaction Fee
Liability
Index Fund
Maturity Date
27. The shares available to sell/buy
Stockholders' Equity
Debt Consolidation
Maintain
Shares Outstanding
28. A debt; something disadvantageous
Deposit
1040 EZ tax form
Liability
Phishing
29. Something that is made open or revealed
Total Debt
Disclosure
Bank Statement
Decison-making
30. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Maturity Date
Time value of money
Statement of Cash Flows
Stock Exchanges
31. All costs or bills related to the business
Opportunity Cost
Estate Planning
Money Market Accounts
Expenses
32. A yearly statement of the financial condition - progress - and expectations of an organization
Mutual Funds
Will
Premium
Annual Report
33. Something that is made open or revealed
Saving
Disclosure
Float
EFT
34. Financial reports that summarize the financial condition and operations of a business
Financial Statements
Exchange-Traded Funds
Insurance
EDGAR
35. Receiving money for loaning money
Liability
Lending Investments
Adjustable-Rate Loan
Issuer
36. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.
SEC Filings
Phishing
Adjustable-Rate Loan
Usury
37. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.
Net Worth
Financial Institution
Resources
Payday Loan
38. The economical needs of an individual
Collectibles
Financial Needs
Expenses
Transaction
39. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
Exchange-Traded Funds
Deductions
Billing Statement
Income Statement
40. The money(usually a set amount) given to an individual to spend
Income
Tax Liability
Personal Allowances
Income Statement
41. A bond with zero discounts
Financial Goals
Issuer
Zero-Coupon Bond
Deductible
42. A bank account that accumulates interest
Savings Account
Bankruptcy
Stock Exchanges
Mutual Funds
43. An extra charge for various credit activities such as using an ATM or receiving a cash advance
Financial Institution
Deduction
Mutual Funds
Transaction Fee
44. Business organizations that accommodate the buying and selling of securities.
Stock Exchanges
Certificates of Deposit
Stock Table
Estate Planning
45. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)
Unsecured Loan
Wealth Management
Pension
Lien
46. Financial organization that pools people's money and invests it
Rent
Mutual Funds
Interest-Only Loan
Pension
47. 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.
Estate Planning
W-4
Asset Allocation
Tax Liability
48. The money paid for employee services
Property Rights
Salary
Living Trust
Wage
49. Bring into consonance or accord - to agree on terms
Values
Will
Reconcile
Retirement Planning
50. 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.
Taxable Income
Adjustable-Rate Loan
Loan
Expenses