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






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






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






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






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






6. Profits paid to investors






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






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






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






10. A payment given as a guarantee that an obligation will be met






11. The money(usually a set amount) given to an individual to spend






12. The extent to which something is covered






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






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






15. A bond with zero discounts






16. Production of a certain amount






17. Receiving money for loaning money






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






19. Maintain by writing regular records






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






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






22. Short for Federal Insurance Contributions Act - the name given on the paycheck stub for Social Security and Medicare taxes. The employee pays some of the FICA tax - and and the employer pays some of this tax for each employee. Social Security pays be






23. 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.






24. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets






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






26. The act of reducing the selling price of merchandise






27. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy






28. Something that is made open or revealed






29. A fixed charge for borrowing money






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






31. All costs or bills related to the business






32. A fixed charge for borrowing money






33. Short-term and Long-term objectives that are driven by values.






34. Profits paid to investors






35. A debt; something disadvantageous






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






37. Short for Federal Insurance Contributions Act - the name given on the paycheck stub for Social Security and Medicare taxes. The employee pays some of the FICA tax - and and the employer pays some of this tax for each employee. Social Security pays be






38. Financial reports that summarize the financial condition and operations of a business






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






40. Funds that are often times traded through a stock exchange (NYSE)






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






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






43. 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






44. Maintain by writing regular records






45. A share set aside for a specific purpose






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






47. Anything that is used to produce goods or services






48. Stock other than preferred stock






49. 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






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