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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. A regular payment to a person that iis intended to allow them to subsist without working
Pension
Credit
Net Worth
Insolvent
2. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
Balance Sheet
Overdraft protection
Index Fund
Beneficiary
3. Someone who has insufficient assets to cover their debts
Lien
Insolvent
401 K
Will
4. The amount of money you would need to deposit now in order to attain a desired amount in the future
Present Value
Overdraft protection
Ownership Investments
Savings Register
5. A bond with zero discounts
Salary
Mutual Funds
Balance
Zero-Coupon Bond
6. Savings account that pays market rate or better interest and allows access to funds without penalty.
Asset
Wage
Money Market Accounts
W-4
7. The extent to which something is covered
Time value of money
Coverage
Unsecured Loan
Transaction Fee
8. 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.
Cannibalizing assets
Transaction
Balance Sheet
Loan
9. Can be found in a newspaper and shows information about popular stocks.
Stock Table
Gross Income
Inflation
Income
10. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail
Loan
Zero-Coupon Bond
Phishing
Vesting
11. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
Unsecured Loan
Collectibles
Installment Loan
Values
12. The right to take another's property if an obligation is not discharged
Asset Allocation
Property Rights
Mutual Funds
Lien
13. The money paid for employee services
Stock Symbol
Stocks
Allocation
Salary
14. The period covered by a salary payment
Pay Period
SEC Filings
Pension
Stock Exchanges
15. A bond with zero discounts
Zero-Coupon Bond
Exemptions
Savings Register
Stock Table
16. A yearly statement of the financial condition - progress - and expectations of an organization
Wealth Management
Financial Statements
Annual Report
Stock Table
17. The commercial activity of transporting and selling goods from a producer to a consumer
Distribution
Compound Interest
Wage
Loan
18. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Index Fund
Certificates of Deposit
Maintain
Collectibles
19. Financial organization that pools people's money and invests it
Insolvent
Mutual Funds
Asset
Bankruptcy
20. The act of reducing the selling price of merchandise
Withdrawal
Unsecured Debt
Deduction
Mortage
21. The process of managing one's assets and wealth
Transaction
Income Statement
Risk
Wealth Management
22. The act of lending money at an exorbitant rate of interest
Liability
Distribution
Usury
Float
23. A general and progressive increase in prices
Identity Theft
Bank Statement
Debit
Inflation
24. Preparing a plan for transferring property during one's lifetime and at one's death
Lien
1040 EZ tax form
Estate Planning
Installment Loan
25. The standard IRS form for individual tax returns.
Taxable Income
Financial Needs
1040 tax form
Usury
26. The money(usually a set amount) given to an individual to spend
FICA
Deposit
Executor
Personal Allowances
27. The interest rate that a bond issuer will pay to a bondholder
Secured Debt
Tax Liability
Ownership Investments
Coupon Rate
28. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Income
Fixed-Rate Loan
Probate
Total Debt
29. Making money for owning something
Balance
Ownership Investments
Zero-Coupon Bond
Profit
30. The apparent worth as opposed to the real worth
Face Value
Mutual Funds
Liability
FICA
31. Interest calculated on both the principal and the accrued interest
Values
Maturity Date
Compound Interest
Billing Statement
32. Limited quantities of resources to meet unlimited wants
Will
Loan
Common Stock
Scarcity
33. A regular payment to a person that iis intended to allow them to subsist without working
Trade-off
Secured Loan
Pension
Present Value
34. 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
Annual Report
Exemption
Net Income
35. A loan in which the rate can be altered to adjust to economical need
Par Value
On-Boarding
Allocation
Adjustable-Rate Loan
36. The maximum credit that a customer is allowed
Common Stock
Present Value
Line of Credit
Fixed-Rate Loan
37. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Expenses
Maintain
Securities
Resources
38. 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
APR
Financial Statements
Debt Consolidation
Distribution
39. 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
Gross Income
Cannibalizing assets
Scarcity
Indirect Car Loan
40. The period covered by a salary payment
Estate Planning
Forbearance
Pay Period
W-4
41. An accounting entry acknowledging sums that are owing
Insolvent
Balance
Debit
Income
42. Electronic Funds Transfer
EFT
401 K
On-Boarding
Identity Theft
43. Stock other than preferred stock
Trade-off
Balance
Interest
Common Stock
44. The shares available to sell/buy
Balance
Trade-off
Shares Outstanding
Mutual Funds
45. A debt not backed by specific property to satisfy the indebtedness in case of default.
Personal Budget
Late Fee
Financial Institution
Unsecured Debt
46. The act of lending money at an exorbitant rate of interest
Investing
Secured Debt
Usury
Decison-making
47. An obligation to pay money to another party
Rent
Salary
Liability
Securities
48. An extra charge for various credit activities such as using an ATM or receiving a cash advance
Transaction Fee
Disclosure
Credit
Financial Institution
49. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time
Vesting
1040 EZ tax form
Secured Loan
1040 tax form
50. The date on which a financial obligation must be repaid
Deduction
EDGAR
Ownership Investments
Maturity Date