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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. Items of personal interest to collectors that can increase in value in the future
Collectibles
Scarcity
Maintain
Loan Shark
2. Diagnosis Codes (in CCB Popup if more then 5 codes)
Fixed-Rate Loan
1040 EZ tax form
I-9
Annual Fee
3. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received
Predatory Lending
Vesting
Exemption
Net Income
4. The distribution of investment funds among broad classes of assets.
Direct Car Loan
On-Boarding
FICA
Asset Allocation
5. A loan where the payment is acheived through interest
Late Fee
On-Boarding
Interest-Only Loan
Transaction
6. Give back (tax return)
Retirement Planning
Market Capitalization
Financial Statements
Return
7. By planning ahead you can ensure financial stability during your retirement.
Retirement Planning
Zero-Coupon Bond
Interest Rate
Money Market Accounts
8. Receiving money for loaning money
Lending Investments
Interest Rate
Incentives
Mortage
9. The amount accruing to the corporations owners
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10. Protection against future loss
Personal Allowances
Net Worth
Float
Insurance
11. 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.
Identity Theft
Wage
Trade-off
Transfer Payments
12. Funds that are often times traded through a stock exchange (NYSE)
Compound Interest
Exchange-Traded Funds
Tax Liability
Expenses
13. Loan with equal number of payments of the same amount over a fixed period of time.
Installment Loan
Secured Debt
Profit
Checkbook Register
14. A regular payment to a person that iis intended to allow them to subsist without working
Common Stock
Credit
Pension
Premium
15. Short-term and Long-term objectives that are driven by values.
Financial Goals
Income Statement
Financial Institution
Personal Allowances
16. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Transaction Fee
Adjusted Gross Income
Foreclosure
Trade-off
17. A payment given as a guarantee that an obligation will be met
Financial Needs
Deposit
Annual Report
Stock Table
18. Something of value; a resource; an advantage
Premium
Loan Shark
Asset
Mortage
19. Income on which tax must be paid; total income minus exemptions and deductions
Exemptions
Coverage
Tax Liability
Taxable Income
20. A penalty for making a payment after the due date
Transaction
Late Fee
Foreclosure
Cannibalizing assets
21. Someone who has insufficient assets to cover their debts
Money Market Accounts
Time value of money
Pension
Insolvent
22. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Interest Rate
Securities
Total Assets
Bank Statement
23. The amount of tax owed
Phishing
Financial Needs
Exemption
Tax Liability
24. Limited quantities of resources to meet unlimited wants
Personal Budget
Secured Debt
Mortage
Scarcity
25. Whatever must be given up to obtain some item
Compound Interest
Opportunity Cost
Deductions
Premium
26. An evaluation by a rating company of the probability that a particular bond issue will default
Adjusted Gross Income
Bond Rating
Exchange-Traded Funds
Cash
27. Funds that are often times traded through a stock exchange (NYSE)
Risk
Cash
Taxable Income
Exchange-Traded Funds
28. Short-term and Long-term objectives that are driven by values.
Bankruptcy
Vesting
Interest-Only Loan
Financial Goals
29. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time
Vesting
Total Assets
Interest-Only Loan
Ownership Investments
30. A penalty for making a payment after the due date
Interest
Annual Report
Pension
Late Fee
31. The distribution of investment funds among broad classes of assets.
Asset Allocation
Taxable Income
Savings Register
Cash
32. A loan backed by something valuable - such as property
Secured Loan
Lending Investments
Usury
Identity Theft
33. Place to create a savings account.
Loan
Savings Register
Income
Coupon Rate
34. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Forbearance
Pay Period
Certificates of Deposit
Mortage
35. An exchange that occurs as a compromise
Payday Loan
Net Worth
Trade-off
Bank Statement
36. Simplified IRS tax form which some individuals can file instead of the 1040 form.
Coupon Rate
Self-Interest
Foreclosure
1040 EZ tax form
37. Place to create a savings account.
Exemptions
Liability
EDGAR
Savings Register
38. A long-term loan extended to someone who buys property
Deductions
Good Faith
401 K
Mortage
39. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.
Annual Fee
Payday Loan
Zero-Coupon Bond
Incentives
40. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Common Stock
Financial Institution
Bond Rating
1040 EZ tax form
41. A regular payment to a person that iis intended to allow them to subsist without working
Collectibles
Salary
Pension
EDGAR
42. 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.
W-4
1040 tax form
Expenses
Compound Interest
43. The process of making a decision - usually complex
Financial Institution
Net Income
Decison-making
W-4
44. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Bankruptcy
Bonds
Debt Consolidation
Investing
45. Diagnosis Codes (in CCB Popup if more then 5 codes)
Secured Loan
1040 EZ tax form
Yield
I-9
46. Things that incite or spur to action; rewards or reasons for performing a task.
Payday Loan
Identity Theft
Incentives
Zero-Coupon Bond
47. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
Shares Outstanding
Will
Balance Sheet
Bank Statement
48. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Decison-making
Certificates of Deposit
Personal Allowances
Savings Register
49. Loan deal in which the actual lender may not be known to the borrower.
Indirect Car Loan
Issuer
APR
Beneficiary
50. A yearly statement of the financial condition - progress - and expectations of an organization
Interest
Financial Statements
Annual Report
Total Assets