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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. Electronic Funds Transfer






2. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)






3. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail






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






5. Limited quantities of resources to meet unlimited wants






6. By planning ahead you can ensure financial stability during your retirement.






7. 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






8. Interest calculated on both the principal and the accrued interest






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






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






11. An automatic loan made to you if you write a check for more money than you have in your account






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






13. Payment for insurance






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






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






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






17. Making money for owning something






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






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






20. A debt not backed by specific property to satisfy the indebtedness in case of default.






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






22. Production of a certain amount






23. 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.






24. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.






25. The act of committing money or capital to an endeavor (a business - project - real estate - etc.) with the expectation of obtaining an additional income or profit.






26. A fixed charge for borrowing money






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






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






29. Certificates that represent money the government has borrowed from private citizens






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






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






32. Grant use or occupation of under a term of contract






33. Shares of ownership in a company






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






35. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid






36. Give back (tax return)






37. A general and progressive increase in prices






38. 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.






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






40. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)






41. The distribution of investment funds among broad classes of assets.






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






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






44. Protection against future loss






45. A delay in enforcing rights or claims or privileges






46. A loan in which the rate can be altered to adjust to economical need






47. The amount accruing to the corporations owners

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48. Concern for ones own well being and advantages






49. The amount accruing to the corporations owners

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50. Someone who has insufficient assets to cover their debts






Can you answer 50 questions in 15 minutes?



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