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






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






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






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






5. 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






6. A general and progressive increase in prices






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






8. Institution that functions much like a business - but does not operate for the purpose of generating profits






9. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.






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






11. All costs or bills related to the business






12. Compute credits and debits of an account






13. The amount of tax owed






14. An automatic loan made to you if you write a check for more money than you have in your account






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






16. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)






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






18. The distribution of investment funds among broad classes of assets.






19. Business organizations that accommodate the buying and selling of securities.






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






21. The maximum credit that a customer is allowed






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






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






24. 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






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






26. The amount accruing to the corporations owners

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27. 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.






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






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






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






31. Having honest intentions






32. 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






33. Income before taxes






34. Compute credits and debits of an account






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






36. Protection against future loss






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






38. The act of reducing the selling price of merchandise






39. A bond with zero discounts






40. Concern for ones own well being and advantages






41. A bank account that accumulates interest






42. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received






43. An obligation to pay money to another party






44. Profits paid to investors






45. 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.






46. A person appointed by a testator to carry out the terms of the will






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






48. The maximum credit that a customer is allowed






49. 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.






50. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month