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Test your basic knowledge |
Wealth Management
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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
Identity Theft
FICA
SEC Filings
Executor
2. An extra charge for various credit activities such as using an ATM or receiving a cash advance
Scarcity
Transaction Fee
Phishing
Time value of money
3. The recipient of funds or other benefits
Wealth Management
On-Boarding
Pay Period
Beneficiary
4. Arrangement for deferred payment for goods and services
Preferred Stock
Decison-making
Credit
Insolvent
5. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Preferred Stock
Risk
Exchange-Traded Funds
Yield
6. The date on which a financial obligation must be repaid
Secured Debt
Maturity Date
Savings Account
1040 EZ tax form
7. A person appointed by a testator to carry out the terms of the will
Deposit
Executor
Mutual Funds
Annual Report
8. The amount of money you would need to deposit now in order to attain a desired amount in the future
Vesting
Present Value
401 K
Preferred Stock
9. Someone who lends money at excessive rates of interest
Adjustable-Rate Loan
Exemptions
Loan Shark
Overdraft protection
10. Protection against future loss
Usury
Insurance
Bankruptcy
Deductions
11. Financial organization that pools people's money and invests it
Stock Table
Nonprofit Organization
APR
Mutual Funds
12. The financial gain (earned or unearned) accruing over a given period of time
1040 EZ tax form
Income
Risk
Billing Statement
13. Profits paid to investors
Self-Interest
Annual Report
dividends
Gross Income
14. Place to create a savings account.
Will
Foreclosure
Secured Loan
Savings Register
15. The amount accruing to the corporations owners
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16. An accounting entry acknowledging sums that are owing
Debit
Ownership Investments
Time value of money
Property Rights
17. An act of economizing
Saving
Liability
Fixed-Rate Loan
Financial Institution
18. A loan backed by something valuable - such as property
Secured Loan
Coverage
Property Rights
Annual Fee
19. 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
Mutual Funds
Retirement Planning
Lien
20. A loan in which the rate can be altered to adjust to economical need
Adjustable-Rate Loan
Fixed-Rate Loan
Shares Outstanding
Disclosure
21. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Bankruptcy
Savings Register
Identity Theft
Ownership Investments
22. Someone who lends money at excessive rates of interest
Balance Sheet
Loan Shark
Yield
Total Assets
23. An evaluation by a rating company of the probability that a particular bond issue will default
Bond Rating
Late Fee
Shares Outstanding
Consequence
24. The standard IRS form for individual tax returns.
Money Market Accounts
Exemptions
1040 tax form
Mutual Funds
25. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Total Debt
Overdraft protection
Interest
Deposit
26. Financial organization that pools people's money and invests it
Taxable Income
Maintain
Financial Needs
Mutual Funds
27. The maximum credit that a customer is allowed
Resources
Insurance
Line of Credit
Good Faith
28. Place to create a savings account.
Issuer
Debt Consolidation
Savings Register
Insolvent
29. A record of checks written and deposits made in a checking account - kept by the depositor
Consequence
Checkbook Register
Taxable Income
Reconcile
30. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Financial Statements
Deductible
Salary
Reconcile
31. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Time value of money
W-4
Adjustable-Rate Loan
FICA
32. The amount of tax owed
Tax Liability
Present Value
Deposit
Resources
33. 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
Yield
EDGAR
Scarcity
Liability
34. Electronic Funds Transfer
EFT
Good Faith
Asset
Coupon Rate
35. Funds that pay part of their distributions out of principal cannibalize their assets. This depletes the fund's asset base. Funds cannibalize assets to maintain a dividend and keep shareholders happy. However - like feeding a cow its own milk - this p
Net Worth
Yield
Cannibalizing assets
Money Market Accounts
36. A bond with zero discounts
Estate Planning
Zero-Coupon Bond
Personal Budget
Adjustable-Rate Loan
37. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Par Value
Retirement Planning
Stock Symbol
EFT
38. The financial gain (earned or unearned) accruing over a given period of time
Foreclosure
Income
Deductions
Line of Credit
39. Business organizations that accommodate the buying and selling of securities.
Stock Exchanges
Allocation
Cash
Foreclosure
40. Shares of ownership in a company
Maintain
Common Stock
Stocks
Secured Debt
41. Financial organization that pools people's money and invests it
Line of Credit
Exemption
Mutual Funds
Secured Debt
42. Whatever must be given up to obtain some item
Loan
Securities
Compound Interest
Opportunity Cost
43. Certificates that represent money the government has borrowed from private citizens
Disclosure
Late Fee
Bonds
Annual Fee
44. Funds that are often times traded through a stock exchange (NYSE)
Tax Liability
Premium
Exchange-Traded Funds
EDGAR
45. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
On-Boarding
Deductions
Total Debt
Asset Allocation
46. Is your gross income after certain reductions have been made
Financial Needs
Adjusted Gross Income
Preferred Stock
Interest Rate
47. The distribution of investment funds among broad classes of assets.
Asset Allocation
Expenses
Net Worth
Coupon Rate
48. A fixed charge for borrowing money
Secured Debt
Collectibles
Interest
Gross Income
49. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Zero-Coupon Bond
Preferred Stock
Common Stock
Exemption
50. Anything that is used to produce goods or services
Resources
Savings Register
Financial Statements
Credit
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