SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
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 money paid for employee services
Certificates of Deposit
Unsecured Debt
Credit
Salary
2. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Financial Needs
Financial Needs
Certificates of Deposit
Personal Allowances
3. Money paid to a worker
Fixed-Rate Loan
Premium
Wage
Nonprofit Organization
4. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Transaction Fee
Premium
Securities
Stock Symbol
5. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received
Scarcity
Net Income
Asset
Beneficiary
6. 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
Compound Interest
401 K
Financial Goals
Cannibalizing assets
7. Someone who lends money at excessive rates of interest
Billing Statement
Loan Shark
FICA
401 K
8. Making money for owning something
Credit
Predatory Lending
Consequence
Ownership Investments
9. Profits paid to investors
APR
dividends
Balance Sheet
Scarcity
10. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.
Payday Loan
Nonprofit Organization
Unsecured Loan
Asset Allocation
11. Payment for insurance
Insolvent
Gross Income
Premium
W-4
12. The financial gain (earned or unearned) accruing over a given period of time
Financial Institution
Adjustable-Rate Loan
Asset
Income
13. An exchange that occurs as a compromise
Income
Trade-off
Predatory Lending
SEC Filings
14. Interest calculated on both the principal and the accrued interest
Predatory Lending
Income Statement
Compound Interest
Mortage
15. The financial gain (earned or unearned) accruing over a given period of time
Income
Debt Consolidation
Debit
Statement of Cash Flows
16. The value of a security that is set by the company issuing it
Par Value
Consequence
Stock Exchanges
Retirement Planning
17. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time
Phishing
Stocks
Vesting
I-9
18. 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.
Predatory Lending
Par Value
Lien
Stock Table
19. Simplified IRS tax form which some individuals can file instead of the 1040 form.
Saving
Reconcile
1040 EZ tax form
Phishing
20. 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
dividends
Coverage
Exemptions
Savings Register
21. The process of making a decision - usually complex
Transfer Payments
Asset Allocation
Decison-making
Income Statement
22. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Probate
Payday Loan
Forbearance
Deduction
23. 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
Interest-Only Loan
Total Assets
APR
Asset
24. A delay in enforcing rights or claims or privileges
Ownership Investments
Unsecured Loan
Forbearance
Personal Allowances
25. A regular payment to a person that iis intended to allow them to subsist without working
Credit
Decison-making
Retirement Planning
Pension
26. 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
Coverage
Installment Loan
Stock Table
Identity Theft
27. Place to create a savings account.
Interest Rate
Total Debt
Lien
Savings Register
28. The amount accruing to the corporations owners
Warning
: Invalid argument supplied for foreach() in
/var/www/html/basicversity.com/show_quiz.php
on line
183
29. Limited quantities of resources to meet unlimited wants
Scarcity
Personal Allowances
Return
Debit
30. Protection against future loss
Pay Period
Insurance
Taxable Income
Asset Allocation
31. An exchange that occurs as a compromise
Trade-off
Liability
Gross Income
Opportunity Cost
32. The amount of money you would need to deposit now in order to attain a desired amount in the future
Nonprofit Organization
Present Value
Credit
Forbearance
33. Having honest intentions
Good Faith
Coupon Rate
Deduction
Stock Exchanges
34. 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.
1040 tax form
Retirement Planning
Predatory Lending
Saving
35. 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.
Ownership Investments
Lien
Risk
Investing
36. Prompt payment for goods or services in currency or by check
Bond Rating
Cash
401 K
Payday Loan
37. A loan backed by something valuable - such as property
Net Worth
Savings Register
Trade-off
Secured Loan
38. 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
Liability
SEC Filings
EDGAR
Market Capitalization
39. Electronic Funds Transfer
EFT
Line of Credit
Late Fee
Personal Allowances
40. Financial organization that pools people's money and invests it
Par Value
Mutual Funds
Deduction
Maturity Date
41. 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.
Interest Rate
Transaction
Inflation
Issuer
42. The money(usually a set amount) given to an individual to spend
Consequence
Financial Needs
Personal Allowances
Pay Period
43. The period covered by a salary payment
Pay Period
Investing
Balance Sheet
Distribution
44. A payment given as a guarantee that an obligation will be met
Deposit
Line of Credit
Fixed-Rate Loan
EDGAR
45. Savings account that pays market rate or better interest and allows access to funds without penalty.
Loan
Money Market Accounts
Tax Liability
Nonprofit Organization
46. A yearly statement of the financial condition - progress - and expectations of an organization
Personal Budget
Phishing
Retirement Planning
Annual Report
47. Loan where the lender goes through the borrower
Overdraft protection
Direct Car Loan
Withdrawal
Stock Exchanges
48. Something that is made open or revealed
Living Trust
Disclosure
Market Capitalization
Money Market Accounts
49. 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.
Lien
Interest Rate
Market Capitalization
Income Statement
50. A financial statement that gives operating results for a specific period
Financial Institution
Distribution
Income
Income Statement