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. Limited quantities of resources to meet unlimited wants






2. Making money for owning something






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






4. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)






5. Diagnosis Codes (in CCB Popup if more then 5 codes)






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






7. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements






8. An amount of money given to the borrower for a set period of time. After the set time has passed - the money must be paid back plus the lending fee - called interest. Payments are normally made over a series of months.






9. The withholding form each new employee fills out - stating the number of exemptions. the more exemptions listed - the less withholding tax will be taken from the paycheck.






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






11. 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






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






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






14. The interest rate that a bond issuer will pay to a bondholder






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






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






17. Things that incite or spur to action; rewards or reasons for performing a task.






18. An accounting entry acknowledging sums that are owing






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






20. The money paid for employee services






21. The period covered by a salary payment






22. The economical needs of an individual






23. 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.






24. A delay in enforcing rights or claims or privileges






25. A loan where the payment is acheived through interest






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






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






28. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time






29. A loan that is paid off in a fixed rate over a period of time






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






31. The process of making a decision - usually complex






32. The withholding form each new employee fills out - stating the number of exemptions. the more exemptions listed - the less withholding tax will be taken from the paycheck.






33. All costs or bills related to the business






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






35. Total assets minus total liabilities






36. Concern for ones own well being and advantages






37. An accounting entry acknowledging income or capital items






38. The money paid for employee services






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






40. The apparent worth as opposed to the real worth






41. Whatever must be given up to obtain some item






42. The period covered by a salary payment






43. A bank account that accumulates interest






44. Production of a certain amount






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






46. 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






47. Income on which tax must be paid; total income minus exemptions and deductions






48. 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.






49. An act of economizing






50. A periodic statement prepared by a bank for each client