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 debt; something disadvantageous






2. The process of making a decision - usually complex






3. A loan where the payment is acheived through interest






4. A general and progressive increase in prices






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






6. A regular payment to a person that iis intended to allow them to subsist without working






7. A payment given as a guarantee that an obligation will be met






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






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






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






11. Making money for owning something






12. The amount of money you would need to deposit now in order to attain a desired amount in the future






13. A delay in enforcing rights or claims or privileges






14. Concern for ones own well being and advantages






15. Beliefs of a person or social group in which they have an emotional investment (either for or against something)






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






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






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






19. Concern for ones own well being and advantages






20. Payment for insurance






21. Short for Federal Insurance Contributions Act - the name given on the paycheck stub for Social Security and Medicare taxes. The employee pays some of the FICA tax - and and the employer pays some of this tax for each employee. Social Security pays be






22. The act of taking out money or other capital






23. A debt not backed by specific property to satisfy the indebtedness in case of default.






24. Someone who has insufficient assets to cover their debts






25. An exchange that occurs as a compromise






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






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






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






29. 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.






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






31. The amount accruing to the corporations owners

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






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






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






35. The shares available to sell/buy






36. Electronic Funds Transfer






37. Anything that is used to produce goods or services






38. Loan where the lender goes through the borrower






39. Anything that is used to produce goods or services






40. The time interval between the deposit of a check in a bank and its payment






41. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail






42. Income on which tax must be paid; total income minus exemptions and deductions






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






44. Debt backed by a mortgage - pledge of collateral - or other lien; debt for which the creditor has the right to pursue specific pledged property upon default. Examples include home mortgages - auto loans and tax liens.






45. An obligation to pay money to another party






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






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






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






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






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