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






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






3. A delay in enforcing rights or claims or privileges






4. Whatever must be given up to obtain some item






5. An act of economizing






6. 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






7. The amount accruing to the corporations owners

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






9. A share set aside for a specific purpose






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






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






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






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






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






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






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






17. The act of taking out money or other capital






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






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






20. Place to create a savings account.






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






22. Electronic Data Gathering Analysis and Retrieval - the electronic system used by the SEC to enable investors to search electronically for financial reports filed by individual companies






23. Short-term and Long-term objectives that are driven by values.






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






25. Something that is made open or revealed






26. Electronic Funds Transfer






27. The standard IRS form for individual tax returns.






28. An institution that issues something (securities or publications or currency etc.)






29. A delay in enforcing rights or claims or privileges






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






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






32. 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






33. The process of making a decision - usually complex






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






35. 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.






36. The shares available to sell/buy






37. The process of making a decision - usually complex






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






39. 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.






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






41. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company






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






43. 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






44. A specific plan for spending your income






45. Whatever must be given up to obtain some item






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






47. Someone who has insufficient assets to cover their debts






48. An accounting entry acknowledging sums that are owing






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






50. Having honest intentions