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. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid






2. A share set aside for a specific purpose






3. Compute credits and debits of an account






4. The period covered by a salary payment






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






6. The standard IRS form for individual tax returns.






7. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.






8. The money(usually a set amount) given to an individual to spend






9. A regular payment to a person that iis intended to allow them to subsist without working






10. A debt not backed by specific property to satisfy the indebtedness in case of default.






11. A share set aside for a specific purpose






12. A delay in enforcing rights or claims or privileges






13. Having honest intentions






14. Loan where the lender goes through the borrower






15. Production of a certain amount






16. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money






17. 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.






18. Interest calculated on both the principal and the accrued interest






19. The maximum credit that a customer is allowed






20. The amount accruing to the corporations owners

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21. The shares available to sell/buy






22. An institution that issues something (securities or publications or currency etc.)






23. Prompt payment for goods or services in currency or by check






24. A debt; something disadvantageous






25. Maintain by writing regular records






26. 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






27. A venture undertaken without regard to possible loss or injury






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






29. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default






30. The extent to which something is covered






31. The date on which a financial obligation must be repaid






32. Someone who has insufficient assets to cover their debts






33. The right to take another's property if an obligation is not discharged






34. The shares available to sell/buy






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






36. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)






37. The percentage of a sum of money charged for its use






38. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy






39. Payment for insurance






40. A fixed charge for borrowing money






41. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets






42. An accounting entry acknowledging income or capital items






43. A general and progressive increase in prices






44. Short for Federal Insurance Contributions Act - the name given on the paycheck stub for Social Security and Medicare taxes. The employee pays some of the FICA tax - and and the employer pays some of this tax for each employee. Social Security pays be






45. 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






46. Concern for ones own well being and advantages






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






48. All costs or bills related to the business






49. Is your gross income after certain reductions have been made






50. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation