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. Is your gross income after certain reductions have been made






2. A share set aside for a specific purpose






3. A share set aside for a specific purpose






4. The act of reducing the selling price of merchandise






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






6. Shares of ownership in a company






7. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure






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






9. A financial statement that gives operating results for a specific period






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






11. Arrangement for deferred payment for goods and services






12. Electronic Funds Transfer






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






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






15. Something that is made open or revealed






16. 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.






17. Production of a certain amount






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






19. A bank account that accumulates interest






20. All costs or bills related to the business






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






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






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






24. 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.






25. Prompt payment for goods or services in currency or by check






26. The amount of tax owed






27. A payment given as a guarantee that an obligation will be met






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






29. The shares available to sell/buy






30. 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.






31. An exchange that occurs as a compromise






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






33. The maximum credit that a customer is allowed






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






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






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






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






38. The economical needs of an individual






39. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received






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






41. The act of lending money at an exorbitant rate of interest






42. A specific plan for spending your income






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






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






45. Electronic Data Gathering Analysis and Retrieval - the electronic system used by the SEC to enable investors to search electronically for financial reports filed by individual companies






46. 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.






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






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






49. The percentage of a sum of money charged for its use






50. Give back (tax return)