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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. Shares of ownership in a company
Stocks
Debit
Gross Income
Debt Consolidation
2. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.
SEC Filings
Coupon Rate
Return
Bankruptcy
3. A regular payment to a person that iis intended to allow them to subsist without working
Pension
Credit
Values
Yield
4. 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
Ownership Investments
Transaction Fee
Cannibalizing assets
Bank Statement
5. An automatic loan made to you if you write a check for more money than you have in your account
Exchange-Traded Funds
Cannibalizing assets
Usury
Overdraft protection
6. A share set aside for a specific purpose
Allocation
Interest
Total Assets
Stock Symbol
7. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Foreclosure
Certificates of Deposit
Stock Table
Collectibles
8. A penalty for making a payment after the due date
Late Fee
Interest Rate
Will
Resources
9. Anything that is used to produce goods or services
Predatory Lending
Estate Planning
Adjustable-Rate Loan
Resources
10. A regular payment to a person that iis intended to allow them to subsist without working
Mutual Funds
Securities
Incentives
Pension
11. The act of lending money at an exorbitant rate of interest
Credit
Usury
Exchange-Traded Funds
Liability
12. The percentage of a sum of money charged for its use
Securities
EDGAR
Adjustable-Rate Loan
Interest Rate
13. Funds that are often times traded through a stock exchange (NYSE)
Secured Debt
Loan Shark
Exchange-Traded Funds
Bonds
14. A venture undertaken without regard to possible loss or injury
Coupon Rate
Foreclosure
Mutual Funds
Risk
15. Production of a certain amount
Liability
Annual Report
Deduction
Yield
16. The outcome of an event especially as relative to an individual
Pension
Lending Investments
Mutual Funds
Consequence
17. Is your gross income after certain reductions have been made
Deposit
Deposit
Scarcity
Adjusted Gross Income
18. Financial organization that pools people's money and invests it
401 K
Coverage
Values
Mutual Funds
19. The apparent worth as opposed to the real worth
Wealth Management
Incentives
Asset Allocation
Face Value
20. All costs or bills related to the business
Net Income
Identity Theft
Savings Register
Expenses
21. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.
Money Market Accounts
Good Faith
Payday Loan
Debit
22. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
Balance Sheet
Bankruptcy
Opportunity Cost
Asset Allocation
23. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Collectibles
Compound Interest
Stock Symbol
Secured Loan
24. The time interval between the deposit of a check in a bank and its payment
I-9
Asset Allocation
Float
Preferred Stock
25. A business activity that changes assets - liabilities - or owner's equity
Bankruptcy
Transaction
Pay Period
Estate Planning
26. Profits paid to investors
Bonds
Annual Report
Securities
dividends
27. Savings account that pays market rate or better interest and allows access to funds without penalty.
Total Assets
Good Faith
Money Market Accounts
Withdrawal
28. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt
Debt Consolidation
Investing
Trade-off
Direct Car Loan
29. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Wealth Management
Personal Allowances
Resources
Profit
30. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Interest-Only Loan
Cash
Transfer Payments
Time value of money
31. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Total Assets
Wage
Interest
Payday Loan
32. Concern for ones own well being and advantages
Self-Interest
Loan
Annual Fee
Identity Theft
33. Something that is made open or revealed
Disclosure
Wage
Foreclosure
Adjustable-Rate Loan
34. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
Lien
Income Statement
Values
Yield
35. Prompt payment for goods or services in currency or by check
Cash
Present Value
Disclosure
Profit
36. 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.
Stock Exchanges
Asset
Interest Rate
Return
37. 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
Face Value
Face Value
Net Worth
Exemptions
38. A debt not backed by specific property to satisfy the indebtedness in case of default.
Indirect Car Loan
Unsecured Debt
Market Capitalization
Financial Needs
39. The maximum credit that a customer is allowed
Line of Credit
Loan Shark
APR
Net Worth
40. Compute credits and debits of an account
Balance
Disclosure
Foreclosure
Deduction
41. The financial gain (earned or unearned) accruing over a given period of time
Withdrawal
Interest Rate
Predatory Lending
Income
42. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
FICA
Exemption
Shares Outstanding
dividends
43. The amount of money you would need to deposit now in order to attain a desired amount in the future
Consequence
Present Value
Transfer Payments
Coupon Rate
44. A long-term loan extended to someone who buys property
Lien
Mortage
Saving
Predatory Lending
45. The distribution of investment funds among broad classes of assets.
Liability
Maturity Date
Asset Allocation
Stockholders' Equity
46. The act of lending money at an exorbitant rate of interest
Usury
FICA
Credit
Saving
47. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Financial Institution
Billing Statement
Transfer Payments
Stock Exchanges
48. Receiving money for loaning money
Transfer Payments
Maturity Date
Lending Investments
Forbearance
49. A legal document declaring a person's wishes regarding the disposal of their property when they die
Transaction Fee
Interest Rate
Will
Stockholders' Equity
50. 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.
Zero-Coupon Bond
Probate
Opportunity Cost
Predatory Lending