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






2. Programs aimed at helping employees integrate - assimilate - and transition to new jobs






3. Someone who has insufficient assets to cover their debts






4. The extent to which something is covered






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






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






7. 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






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






9. Financial organization that pools people's money and invests it






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






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






12. Anything that is used to produce goods or services






13. The shares available to sell/buy






14. Things that incite or spur to action; rewards or reasons for performing a task.






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






16. Financial organization that pools people's money and invests it






17. The right to take another's property if an obligation is not discharged






18. A debt; something disadvantageous






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






20. The maximum credit that a customer is allowed






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






22. 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.






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






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






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






26. 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






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






28. Something that is made open or revealed






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






30. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month






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






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






33. The amount accruing to the corporations owners

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34. A delay in enforcing rights or claims or privileges






35. The apparent worth as opposed to the real worth






36. The date on which a financial obligation must be repaid






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






38. The act of reducing the selling price of merchandise






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






40. Receiving money for loaning money






41. A share set aside for a specific purpose






42. The act of taking out money or other capital






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






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






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






46. The economical needs of an individual






47. Maintain by writing regular records






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






49. 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






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