SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
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. Business organizations that accommodate the buying and selling of securities.
Maintain
Vesting
Exemptions
Stock Exchanges
2. Debt backed by a mortgage - pledge of collateral - or other lien; debt for which the creditor has the right to pursue specific pledged property upon default. Examples include home mortgages - auto loans and tax liens.
Interest-Only Loan
Debit
Market Capitalization
Secured Debt
3. The amount of money you would need to deposit now in order to attain a desired amount in the future
Credit
Will
Present Value
Withdrawal
4. An extra charge for various credit activities such as using an ATM or receiving a cash advance
Interest
Insolvent
Face Value
Transaction Fee
5. Stock other than preferred stock
Secured Loan
Stock Table
Exchange-Traded Funds
Common Stock
6. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Inflation
Liability
Total Debt
Shares Outstanding
7. Money paid to a worker
Market Capitalization
FICA
Wage
Face Value
8. The maximum credit that a customer is allowed
Salary
Line of Credit
Nonprofit Organization
Deduction
9. A tax-deferred investment and savings plan that acts as a personal pension fund for employees
Ownership Investments
401 K
Certificates of Deposit
Indirect Car Loan
10. The date on which a financial obligation must be repaid
Maturity Date
Pension
Transfer Payments
Debit
11. The act of taking out money or other capital
Stock Table
Withdrawal
Total Debt
Deductible
12. A delay in enforcing rights or claims or privileges
Exemption
Loan
Forbearance
Time value of money
13. Someone who has insufficient assets to cover their debts
Stocks
Present Value
Mutual Funds
Insolvent
14. Arrangement for deferred payment for goods and services
APR
Credit
Coupon Rate
Lien
15. The amount accruing to the corporations owners
Warning
: Invalid argument supplied for foreach() in
/var/www/html/basicversity.com/show_quiz.php
on line
183
16. Loan deal in which the actual lender may not be known to the borrower.
Indirect Car Loan
Distribution
Personal Allowances
Statement of Cash Flows
17. The right to take another's property if an obligation is not discharged
Preferred Stock
Return
Collectibles
Lien
18. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.
Secured Debt
Rent
SEC Filings
Deductions
19. Shares of ownership in a company
dividends
Debt Consolidation
Stocks
Installment Loan
20. The maximum credit that a customer is allowed
Float
Line of Credit
Adjusted Gross Income
EDGAR
21. A record of checks written and deposits made in a checking account - kept by the depositor
Deduction
Incentives
Installment Loan
Checkbook Register
22. A payment given as a guarantee that an obligation will be met
Line of Credit
Usury
Deposit
EFT
23. A yearly statement of the financial condition - progress - and expectations of an organization
Face Value
Par Value
Annual Report
Will
24. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Index Fund
Bankruptcy
Unsecured Debt
Opportunity Cost
25. A loan in which the rate can be altered to adjust to economical need
Bankruptcy
Property Rights
Interest Rate
Adjustable-Rate Loan
26. A regular payment to a person that iis intended to allow them to subsist without working
Allocation
Fixed-Rate Loan
Certificates of Deposit
Pension
27. An exchange that occurs as a compromise
Decison-making
1040 EZ tax form
Deductions
Trade-off
28. A business activity that changes assets - liabilities - or owner's equity
Unsecured Debt
Transaction
Wealth Management
Reconcile
29. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.
Statement of Cash Flows
Balance Sheet
Exemptions
Stock Symbol
30. Items of personal interest to collectors that can increase in value in the future
Collectibles
Distribution
Asset
Disclosure
31. The financial gain (earned or unearned) accruing over a given period of time
Income
Scarcity
Incentives
Credit
32. Institution that functions much like a business - but does not operate for the purpose of generating profits
Compound Interest
Nonprofit Organization
Incentives
Cannibalizing assets
33. A fixed charge for borrowing money
Cash
Time value of money
Consequence
Interest
34. The shares available to sell/buy
Shares Outstanding
Loan Shark
Deductions
Market Capitalization
35. The recipient of funds or other benefits
Late Fee
Beneficiary
Trade-off
Distribution
36. A penalty for making a payment after the due date
Property Rights
Late Fee
Risk
Pay Period
37. Total assets minus total liabilities
Coupon Rate
Net Worth
Deductions
Coverage
38. Income before taxes
dividends
Insurance
Gross Income
Stock Symbol
39. 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.
Interest-Only Loan
Stock Symbol
Yield
Predatory Lending
40. An amount that credit card companies can charge for the use of a credit card.
Indirect Car Loan
EFT
Resources
Annual Fee
41. Things that incite or spur to action; rewards or reasons for performing a task.
Incentives
Living Trust
Installment Loan
Fixed-Rate Loan
42. Interest calculated on both the principal and the accrued interest
Wealth Management
Return
Compound Interest
Unsecured Loan
43. Something that is made open or revealed
Deductions
Foreclosure
Disclosure
Nonprofit Organization
44. A business activity that changes assets - liabilities - or owner's equity
Lending Investments
Personal Allowances
Transaction
SEC Filings
45. A periodic statement prepared by a bank for each client
Bank Statement
Saving
Personal Budget
Insolvent
46. Electronic Funds Transfer
EFT
Checkbook Register
1040 tax form
I-9
47. 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.
Unsecured Loan
Transfer Payments
Secured Loan
Bankruptcy
48. Give back (tax return)
Risk
Pension
Predatory Lending
Return
49. A bond with zero discounts
Zero-Coupon Bond
Total Assets
Cannibalizing assets
Usury
50. Whatever must be given up to obtain some item
Opportunity Cost
Values
Collectibles
Yield