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. The co-option of another person's personal information (e.g. - name - social security number - credit card number - passport) without that person's knowledge and the fraudulent use of such knowledge






2. Production of a certain amount






3. The act of taking out money or other capital






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






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






6. The amount accruing to the corporations owners

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






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






9. 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






10. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default






11. The amount accruing to the corporations owners

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12. Savings account that pays market rate or better interest and allows access to funds without penalty.






13. 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






14. The co-option of another person's personal information (e.g. - name - social security number - credit card number - passport) without that person's knowledge and the fraudulent use of such knowledge






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






16. The recipient of funds or other benefits






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






18. The act of reducing the selling price of merchandise






19. Loan where the lender goes through the borrower






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






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






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






23. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.






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






25. Profits paid to investors






26. An obligation to pay money to another party






27. The shares available to sell/buy






28. A debt; something disadvantageous






29. Something that is made open or revealed






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






31. All costs or bills related to the business






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






33. Something that is made open or revealed






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






35. Receiving money for loaning money






36. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.






37. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.






38. The economical needs of an individual






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






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






41. A bond with zero discounts






42. A bank account that accumulates interest






43. An extra charge for various credit activities such as using an ATM or receiving a cash advance






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






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






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






47. 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.






48. The money paid for employee services






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






50. An amount of money given to the borrower for a set period of time. After the set time has passed - the money must be paid back plus the lending fee - called interest. Payments are normally made over a series of months.