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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. The percentage of a sum of money charged for its use
Annual Fee
Float
Estate Planning
Interest Rate
2. The interest rate that a bond issuer will pay to a bondholder
W-4
Coupon Rate
Deduction
Scarcity
3. Funds that are often times traded through a stock exchange (NYSE)
Savings Register
Exchange-Traded Funds
Deductions
Insolvent
4. Shares of ownership in a company
Late Fee
Stocks
W-4
Loan
5. Loan where the lender goes through the borrower
Estate Planning
Exemptions
Direct Car Loan
Opportunity Cost
6. An obligation to pay money to another party
Lien
Stocks
Liability
Phishing
7. The apparent worth as opposed to the real worth
Installment Loan
Time value of money
Face Value
Payday Loan
8. Financial organization that pools people's money and invests it
Mutual Funds
Issuer
Lending Investments
Fixed-Rate Loan
9. A general and progressive increase in prices
Inflation
Annual Fee
Coverage
Annual Fee
10. Anything that is used to produce goods or services
Transaction Fee
Net Income
Insolvent
Resources
11. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received
Wage
Securities
Net Income
Zero-Coupon Bond
12. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)
Billing Statement
Unsecured Loan
Identity Theft
Money Market Accounts
13. A delay in enforcing rights or claims or privileges
401 K
Financial Statements
Taxable Income
Forbearance
14. A person appointed by a testator to carry out the terms of the will
Adjusted Gross Income
Coupon Rate
Executor
Premium
15. A loan where the payment is acheived through interest
Personal Budget
Income Statement
Interest-Only Loan
Asset
16. The act of taking out money or other capital
Withdrawal
Financial Institution
On-Boarding
Savings Account
17. Limited quantities of resources to meet unlimited wants
Premium
Time value of money
Self-Interest
Scarcity
18. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
On-Boarding
Time value of money
Income Statement
Retirement Planning
19. Simplified IRS tax form which some individuals can file instead of the 1040 form.
Deductible
Yield
Savings Register
1040 EZ tax form
20. An estimation of the value of a business that is obtained by multiplying the number of shares outstanding by the current price of a share
Mutual Funds
Market Capitalization
Financial Statements
Bankruptcy
21. Place to create a savings account.
Stock Exchanges
Savings Account
Market Capitalization
Savings Register
22. An accounting entry acknowledging income or capital items
Credit
Collectibles
1040 tax form
Statement of Cash Flows
23. Total assets minus total liabilities
Collectibles
Financial Statements
Income Statement
Net Worth
24. Income before taxes
Gross Income
Net Worth
Unsecured Debt
Payday Loan
25. Whatever must be given up to obtain some item
Pay Period
Opportunity Cost
Net Income
Cash
26. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Opportunity Cost
Tax Liability
Deductible
Bankruptcy
27. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
Values
Interest Rate
Maintain
Line of Credit
28. An amount that credit card companies can charge for the use of a credit card.
Stocks
Annual Fee
Transaction
Distribution
29. The value of a security that is set by the company issuing it
Par Value
Statement of Cash Flows
Credit
Income Statement
30. Funds that pay part of their distributions out of principal cannibalize their assets. This depletes the fund's asset base. Funds cannibalize assets to maintain a dividend and keep shareholders happy. However - like feeding a cow its own milk - this p
Interest Rate
Cannibalizing assets
Bond Rating
Float
31. 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.
Nonprofit Organization
Investing
Unsecured Debt
Balance
32. 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
Issuer
Values
APR
Net Worth
33. The extent to which something is covered
Stocks
Distribution
Coverage
Personal Allowances
34. The time interval between the deposit of a check in a bank and its payment
Foreclosure
Coverage
Forbearance
Float
35. The date on which a financial obligation must be repaid
Maturity Date
Liability
Issuer
Property Rights
36. Savings account that pays market rate or better interest and allows access to funds without penalty.
SEC Filings
Distribution
Money Market Accounts
Inflation
37. The process of making a decision - usually complex
Investing
Decison-making
On-Boarding
Stock Exchanges
38. Short-term and Long-term objectives that are driven by values.
Deductible
Bonds
Financial Goals
Bond Rating
39. An estimation of the value of a business that is obtained by multiplying the number of shares outstanding by the current price of a share
Market Capitalization
Wealth Management
SEC Filings
Net Income
40. A general and progressive increase in prices
Inflation
Adjusted Gross Income
Incentives
Saving
41. Financial organization that pools people's money and invests it
Financial Needs
Mutual Funds
On-Boarding
Exemptions
42. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.
Living Trust
Installment Loan
Installment Loan
Issuer
43. Maintain by writing regular records
Maintain
Ownership Investments
Rent
Statement of Cash Flows
44. An institution that issues something (securities or publications or currency etc.)
On-Boarding
Exemption
Issuer
Taxable Income
45. Limited quantities of resources to meet unlimited wants
Scarcity
Bond Rating
Mortage
Present Value
46. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail
Phishing
Secured Loan
Decison-making
Maintain
47. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt
Debt Consolidation
Zero-Coupon Bond
Personal Allowances
Interest-Only Loan
48. A legal document declaring a person's wishes regarding the disposal of their property when they die
FICA
Will
Overdraft protection
Personal Budget
49. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.
Deductions
401 K
Interest
Checkbook Register
50. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Probate
Income Statement
Insurance
Scarcity