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






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






3. 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






4. 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.






5. An act of economizing






6. Items of personal interest to collectors that can increase in value in the future






7. Maintain by writing regular records






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






9. The time interval between the deposit of a check in a bank and its payment






10. Preparing a plan for transferring property during one's lifetime and at one's death






11. A tax-deferred investment and savings plan that acts as a personal pension fund for employees






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






13. Preparing a plan for transferring property during one's lifetime and at one's death






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






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






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






17. Place to create a savings account.






18. Arrangement for deferred payment for goods and services






19. The rights of an individual to own - use - rent - invest in - buy - and sell property.






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






21. 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.






22. Place to create a savings account.






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






24. Programs aimed at helping employees integrate - assimilate - and transition to new jobs






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






26. 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.






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






28. Receiving money for loaning money






29. Beliefs of a person or social group in which they have an emotional investment (either for or against something)






30. The standard IRS form for individual tax returns.






31. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money






32. Concern for ones own well being and advantages






33. The period covered by a salary payment






34. The interest rate that a bond issuer will pay to a bondholder






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






36. A bond with zero discounts






37. The recipient of funds or other benefits






38. 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.






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






40. The act of reducing the selling price of merchandise






41. Things that incite or spur to action; rewards or reasons for performing a task.






42. A loan that is paid off in a fixed rate over a period of time






43. A specific plan for spending your income






44. Receiving money for loaning money






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






46. The process of managing one's assets and wealth






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






48. Whatever must be given up to obtain some item






49. 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






50. A general and progressive increase in prices