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. A general and progressive increase in prices






2. Profits paid to investors






3. A general and progressive increase in prices






4. Protection against future loss






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






6. A payment given as a guarantee that an obligation will be met






7. 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.






8. Bring into consonance or accord - to agree on terms






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






10. Financial organization that pools people's money and invests it






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






12. Give back (tax return)






13. A record of checks written and deposits made in a checking account - kept by the depositor






14. Shares of ownership in a company






15. 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






16. A periodic statement prepared by a bank for each client






17. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.






18. The act of lending money at an exorbitant rate of interest






19. Something that is made open or revealed






20. Money paid to a worker






21. The outcome of an event especially as relative to an individual






22. A yearly statement of the financial condition - progress - and expectations of an organization






23. Anything that is used to produce goods or services






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






25. Loan deal in which the actual lender may not be known to the borrower.






26. Receiving money for loaning money






27. Income on which tax must be paid; total income minus exemptions and deductions






28. Limited quantities of resources to meet unlimited wants






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






30. An automatic loan made to you if you write a check for more money than you have in your account






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






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






33. Something of value; a resource; an advantage






34. Concern for ones own well being and advantages






35. An obligation to pay money to another party






36. Financial organization that pools people's money and invests it






37. 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.






38. The distribution of investment funds among broad classes of assets.






39. A share set aside for a specific purpose






40. Making money for owning something






41. A financial statement that gives operating results for a specific period






42. 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.






43. The interest rate that a bond issuer will pay to a bondholder






44. Savings account that pays market rate or better interest and allows access to funds without penalty.






45. A delay in enforcing rights or claims or privileges






46. Programs aimed at helping employees integrate - assimilate - and transition to new jobs






47. Loan where the lender goes through the borrower






48. 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






49. 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.






50. Income on which tax must be paid; total income minus exemptions and deductions