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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. Receiving money for loaning money
Lending Investments
FICA
Transaction Fee
Usury
2. A debt; something disadvantageous
Inflation
Reconcile
Liability
Interest Rate
3. A debt; something disadvantageous
Liability
Overdraft protection
Incentives
Wealth Management
4. The process of managing one's assets and wealth
Lending Investments
Liability
Issuer
Wealth Management
5. Preparing a plan for transferring property during one's lifetime and at one's death
Reconcile
Estate Planning
401 K
Exchange-Traded Funds
6. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Interest Rate
Par Value
401 K
Stock Symbol
7. A financial statement that gives operating results for a specific period
Income Statement
Profit
Savings Register
Exemptions
8. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.
Asset
Debt Consolidation
Living Trust
Credit
9. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index
Maturity Date
Index Fund
1040 EZ tax form
Zero-Coupon Bond
10. A loan in which the rate can be altered to adjust to economical need
Financial Needs
Stock Table
Overdraft protection
Adjustable-Rate Loan
11. A share set aside for a specific purpose
Gross Income
Allocation
Deposit
Late Fee
12. Certificates that represent money the government has borrowed from private citizens
Collectibles
Bonds
Cash
Total Assets
13. An evaluation by a rating company of the probability that a particular bond issue will default
Wage
Time value of money
Trade-off
Bond Rating
14. Loan deal in which the actual lender may not be known to the borrower.
Collectibles
Float
Balance
Indirect Car Loan
15. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.
Ownership Investments
Deduction
On-Boarding
Payday Loan
16. Prompt payment for goods or services in currency or by check
Zero-Coupon Bond
Cash
Disclosure
Coverage
17. Give back (tax return)
Return
W-4
Cannibalizing assets
Face Value
18. The outcome of an event especially as relative to an individual
Income Statement
Consequence
Exemptions
Reconcile
19. A fixed charge for borrowing money
Savings Register
Interest
APR
Inflation
20. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Par Value
401 K
Certificates of Deposit
Float
21. A bond with zero discounts
Predatory Lending
Zero-Coupon Bond
Decison-making
Deductions
22. A record of checks written and deposits made in a checking account - kept by the depositor
Good Faith
Checkbook Register
EFT
Total Assets
23. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.
SEC Filings
Predatory Lending
Late Fee
Risk
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
Statement of Cash Flows
Property Rights
Debit
EDGAR
25. An extra charge for various credit activities such as using an ATM or receiving a cash advance
Certificates of Deposit
Transaction Fee
Compound Interest
Stockholders' Equity
26. All costs or bills related to the business
Transaction
Cannibalizing assets
Expenses
Money Market Accounts
27. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
Annual Fee
Exchange-Traded Funds
Mortage
On-Boarding
28. Someone who has insufficient assets to cover their debts
Adjusted Gross Income
Bond Rating
Insolvent
Cash
29. The standard IRS form for individual tax returns.
1040 tax form
Stocks
Issuer
Financial Needs
30. Total assets minus total liabilities
Net Worth
Balance
Common Stock
Financial Goals
31. A yearly statement of the financial condition - progress - and expectations of an organization
Checkbook Register
Savings Register
Annual Report
Credit
32. The act of reducing the selling price of merchandise
Deduction
Pension
Predatory Lending
Unsecured Loan
33. Loan where the lender goes through the borrower
Pay Period
APR
Direct Car Loan
Resources
34. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Retirement Planning
Cannibalizing assets
Interest
Preferred Stock
35. The economical needs of an individual
Financial Needs
Wage
dividends
Ownership Investments
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.
Bond Rating
Adjusted Gross Income
Line of Credit
Predatory Lending
37. The financial gain (earned or unearned) accruing over a given period of time
Phishing
Risk
Direct Car Loan
Income
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
Distribution
Coupon Rate
Stocks
Probate
40. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.
Return
Deductions
Stock Table
Savings Account
41. The recipient of funds or other benefits
Foreclosure
EFT
Secured Debt
Beneficiary
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
Certificates of Deposit
Exemptions
Liability
Zero-Coupon Bond
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
Identity Theft
Financial Statements
Consequence
Debit
44. A loan backed by something valuable - such as property
Unsecured Debt
Usury
Adjusted Gross Income
Secured Loan
45. Payment for insurance
Inflation
Premium
Time value of money
Consequence
46. The rights of an individual to own - use - rent - invest in - buy - and sell property.
Property Rights
401 K
Total Debt
Credit
47. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)
Secured Loan
Disclosure
Unsecured Loan
Opportunity Cost
48. Prompt payment for goods or services in currency or by check
Stock Exchanges
Cash
Inflation
Withdrawal
49. Income before taxes
Salary
Financial Statements
Gross Income
1040 tax form
50. A bank account that accumulates interest
Deposit
Deductions
Maturity Date
Savings Account