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 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.






2. Production of a certain amount






3. The distribution of investment funds among broad classes of assets.






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






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






6. Loan where the lender goes through the borrower






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






8. The maximum credit that a customer is allowed






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






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






11. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid






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






13. Arrangement for deferred payment for goods and services






14. The act of reducing the selling price of merchandise






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






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






17. Is your gross income after certain reductions have been made






18. A loan backed by something valuable - such as property






19. Something that is made open or revealed






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






21. 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






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






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






24. Can be found in a newspaper and shows information about popular stocks.






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






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






27. A loan backed by something valuable - such as property






28. Interest calculated on both the principal and the accrued interest






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






30. An evaluation by a rating company of the probability that a particular bond issue will default






31. Cash payments made by the government to people who do not supply goods - services - or labor in exchange for these payments. They include Social Security benefits - veterans' benefits - and welfare payments.






32. Protection against future loss






33. Someone who has insufficient assets to cover their debts






34. Place to create a savings account.






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






36. A person appointed by a testator to carry out the terms of the will






37. A specific plan for spending your income






38. Payment for insurance






39. 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






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






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






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






43. Limited quantities of resources to meet unlimited wants






44. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time






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






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






47. Whatever must be given up to obtain some item






48. Institution that functions much like a business - but does not operate for the purpose of generating profits






49. Shares of ownership in a company






50. The process of making a decision - usually complex