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. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation






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






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






4. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.






5. Shares of ownership in a company






6. Stock other than preferred stock






7. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount






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






9. A fixed charge for borrowing money






10. An act of economizing






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






12. Concern for ones own well being and advantages






13. Funds that are often times traded through a stock exchange (NYSE)






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






15. A specific plan for spending your income






16. The financial gain (earned or unearned) accruing over a given period of time






17. 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.






18. Protection against future loss






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






20. An obligation to pay money to another party






21. A loan where the payment is acheived through interest






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






23. An accounting entry acknowledging sums that are owing






24. The amount accruing to the corporations owners

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25. Place to create a savings account.






26. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount






27. Profits paid to investors






28. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.






29. Give back (tax return)






30. A fixed charge for borrowing money






31. Savings account that pays market rate or better interest and allows access to funds without penalty.






32. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights






33. An act of economizing






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






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






36. 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.






37. 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






38. The process of making a decision - usually complex






39. Income before taxes






40. The act of taking out money or other capital






41. A debt; something disadvantageous






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






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






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






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






46. A general and progressive increase in prices






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






48. Compute credits and debits of an account






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






50. 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.