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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. Stock other than preferred stock






2. The process of making a decision - usually complex






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






4. The percentage of a sum of money charged for its use






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






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






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






8. The apparent worth as opposed to the real worth






9. The value of a security that is set by the company issuing it






10. Payment for insurance






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






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






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






14. An accounting entry acknowledging sums that are owing






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






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






17. Money paid to a worker






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






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






20. A debt; something disadvantageous






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






22. A delay in enforcing rights or claims or privileges






23. The act of taking out money or other capital






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






25. The extent to which something is covered






26. Total assets minus total liabilities






27. A loan where the payment is acheived through interest






28. Financial reports that summarize the financial condition and operations of a business






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






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






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






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






33. The amount accruing to the corporations owners

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






35. The act of taking out money or other capital






36. Loan with equal number of payments of the same amount over a fixed period of time.






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






38. Someone who has insufficient assets to cover their debts






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






40. A bank account that accumulates interest






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






42. The rights of an individual to own - use - rent - invest in - buy - and sell property.






43. Someone who has insufficient assets to cover their debts






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






45. An exchange that occurs as a compromise






46. An obligation to pay money to another party






47. Making money for owning something






48. The economical needs of an individual






49. 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






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







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Can you answer 50 questions in 15 minutes?


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