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. Is your gross income after certain reductions have been made






2. The amount of tax owed






3. Simplified IRS tax form which some individuals can file instead of the 1040 form.






4. Shares of ownership in a company






5. Whatever must be given up to obtain some item






6. The standard IRS form for individual tax returns.






7. The act of taking out money or other capital






8. Financial organization that pools people's money and invests it






9. Making money for owning something






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






11. A business activity that changes assets - liabilities - or owner's equity






12. An amount that credit card companies can charge for the use of a credit card.






13. The process of making a decision - usually complex






14. Something of value; a resource; an advantage






15. The money paid for employee services






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






17. Money paid to a worker






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






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






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






21. A tax-deferred investment and savings plan that acts as a personal pension fund for employees






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






23. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount






24. The amount of money you would need to deposit now in order to attain a desired amount in the future






25. Something that is made open or revealed






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






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






28. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation






29. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt






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






31. A long-term loan extended to someone who buys property






32. A debt; something disadvantageous






33. All costs or bills related to the business






34. Stock other than preferred stock






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






36. A delay in enforcing rights or claims or privileges






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






38. A general and progressive increase in prices






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






40. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company






41. The apparent worth as opposed to the real worth






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






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






44. Bring into consonance or accord - to agree on terms






45. 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






46. 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






47. 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






48. Limited quantities of resources to meet unlimited wants






49. Concern for ones own well being and advantages






50. An amount that credit card companies can charge for the use of a credit card.