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






2. The act of reducing the selling price of merchandise






3. The shares available to sell/buy






4. The apparent worth as opposed to the real worth






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






6. A delay in enforcing rights or claims or privileges






7. The extent to which something is covered






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






9. A penalty for making a payment after the due date






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






11. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets






12. The amount of tax owed






13. An obligation to pay money to another party






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






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






16. Having honest intentions






17. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group






18. The standard IRS form for individual tax returns.






19. An amount that credit card companies can charge for the use of a credit card.






20. A debt; something disadvantageous






21. 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.






22. Something that is made open or revealed






23. Production of a certain amount






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






25. The act of taking out money or other capital






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






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






28. By planning ahead you can ensure financial stability during your retirement.






29. Total assets minus total liabilities






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






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






32. The fee - expressed as a percentage - a borrower owes for the use of a creditor's money. At an interest rate of 10% - a borrower would pay $110 for $100 borrowed.






33. Stock other than preferred stock






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






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






36. Arrangement for deferred payment for goods and services






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






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






39. A legal document declaring a person's wishes regarding the disposal of their property when they die






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






41. 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.






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






43. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default






44. An obligation to pay money to another party






45. Place to create a savings account.






46. 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.






47. A penalty for making a payment after the due date






48. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.






49. 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






50. The recipient of funds or other benefits