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. Receiving money for loaning money






2. A debt; something disadvantageous






3. A debt; something disadvantageous






4. The process of managing one's assets and wealth






5. Preparing a plan for transferring property during one's lifetime and at one's death






6. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group






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






8. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.






9. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index






10. A loan in which the rate can be altered to adjust to economical need






11. A share set aside for a specific purpose






12. Certificates that represent money the government has borrowed from private citizens






13. An evaluation by a rating company of the probability that a particular bond issue will default






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






15. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.






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






17. Give back (tax return)






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






19. A fixed charge for borrowing money






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






21. A bond with zero discounts






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






23. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.






24. 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






25. An extra charge for various credit activities such as using an ATM or receiving a cash advance






26. All costs or bills related to the business






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






28. Someone who has insufficient assets to cover their debts






29. The standard IRS form for individual tax returns.






30. Total assets minus total liabilities






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






32. The act of reducing the selling price of merchandise






33. Loan where the lender goes through the borrower






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






35. The economical needs of an individual






36. 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.






37. The financial gain (earned or unearned) accruing over a given period of time






38. The amount accruing to the corporations owners

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39. The commercial activity of transporting and selling goods from a producer to a consumer






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






41. The recipient of funds or other benefits






42. 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






43. 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






44. A loan backed by something valuable - such as property






45. Payment for insurance






46. The rights of an individual to own - use - rent - invest in - buy - and sell property.






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






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






49. Income before taxes






50. A bank account that accumulates interest