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Test your basic knowledge |
Wealth Management
Start Test
Study First
Subjects
:
personal-finance
,
business-skills
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. Protection against future loss
Insurance
Self-Interest
I-9
dividends
2. The process of making a decision - usually complex
Preferred Stock
Resources
Beneficiary
Decison-making
3. Income on which tax must be paid; total income minus exemptions and deductions
Unsecured Loan
Insurance
Taxable Income
Deposit
4. The maximum credit that a customer is allowed
Financial Goals
Personal Budget
Line of Credit
Annual Fee
5. Having honest intentions
Interest Rate
Good Faith
Transaction
Decison-making
6. A loan in which the rate can be altered to adjust to economical need
Adjustable-Rate Loan
Saving
Nonprofit Organization
Stockholders' Equity
7. A payment given as a guarantee that an obligation will be met
Tax Liability
Forbearance
Deposit
Savings Account
8. A debt not backed by specific property to satisfy the indebtedness in case of default.
Ownership Investments
dividends
Vesting
Unsecured Debt
9. A bank account that accumulates interest
Unsecured Debt
Credit
Disclosure
Savings Account
10. A bank account that accumulates interest
Interest
Mutual Funds
Transaction Fee
Savings Account
11. Electronic Funds Transfer
Certificates of Deposit
Indirect Car Loan
Wealth Management
EFT
12. Can be found in a newspaper and shows information about popular stocks.
Financial Needs
Debit
Stock Table
Certificates of Deposit
13. The period covered by a salary payment
Collectibles
Pay Period
Net Worth
Line of Credit
14. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Market Capitalization
Beneficiary
Market Capitalization
Securities
15. 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.
Collectibles
Predatory Lending
Present Value
Maturity Date
16. Maintain by writing regular records
Annual Fee
Fixed-Rate Loan
Identity Theft
Maintain
17. The right to take another's property if an obligation is not discharged
Predatory Lending
Lien
Usury
Deductions
18. Someone who has insufficient assets to cover their debts
Insolvent
Maturity Date
Checkbook Register
Stocks
19. Profits paid to investors
Liability
dividends
I-9
EFT
20. The distribution of investment funds among broad classes of assets.
Asset Allocation
Adjusted Gross Income
Consequence
Line of Credit
21. 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
Lending Investments
Income
I-9
APR
22. A long-term loan extended to someone who buys property
Good Faith
Profit
Mortage
Retirement Planning
23. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Float
Total Debt
Fixed-Rate Loan
Exemption
24. An institution that issues something (securities or publications or currency etc.)
Maintain
Issuer
I-9
Deposit
25. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
Adjustable-Rate Loan
SEC Filings
Ownership Investments
Balance Sheet
26. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
Values
Collectibles
Maturity Date
Financial Goals
27. Loan where the lender goes through the borrower
Direct Car Loan
Debit
Decison-making
Coupon Rate
28. 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.
Secured Debt
Lien
Financial Goals
Financial Goals
29. Is your gross income after certain reductions have been made
FICA
Mutual Funds
Adjusted Gross Income
Time value of money
30. Something of value; a resource; an advantage
Reconcile
Debit
Taxable Income
Asset
31. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.
Interest Rate
SEC Filings
Compound Interest
Pension
32. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Total Debt
Market Capitalization
Overdraft protection
Gross Income
33. The time interval between the deposit of a check in a bank and its payment
Cash
Scarcity
Net Worth
Float
34. Short-term and Long-term objectives that are driven by values.
Total Debt
Total Assets
Financial Goals
Cash
35. Funds that are often times traded through a stock exchange (NYSE)
Unsecured Loan
Taxable Income
Money Market Accounts
Exchange-Traded Funds
36. Financial organization that pools people's money and invests it
Yield
Executor
Investing
Mutual Funds
37. A financial statement that gives operating results for a specific period
Loan
Income Statement
Preferred Stock
Par Value
38. A fixed charge for borrowing money
Adjustable-Rate Loan
Disclosure
Interest
Zero-Coupon Bond
39. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail
Pension
Indirect Car Loan
Balance Sheet
Phishing
40. An automatic loan made to you if you write a check for more money than you have in your account
Financial Needs
Beneficiary
I-9
Overdraft protection
41. A yearly statement of the financial condition - progress - and expectations of an organization
Annual Report
Time value of money
Checkbook Register
Unsecured Loan
42. The period covered by a salary payment
Exemptions
Pay Period
Liability
Securities
43. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.
Savings Account
SEC Filings
Good Faith
Collectibles
44. 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
Allocation
EDGAR
SEC Filings
Statement of Cash Flows
45. 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
Asset Allocation
Balance
Lien
APR
46. A business activity that changes assets - liabilities - or owner's equity
Foreclosure
Transaction
Secured Debt
Exchange-Traded Funds
47. Funds that are often times traded through a stock exchange (NYSE)
Exchange-Traded Funds
Debt Consolidation
SEC Filings
Personal Budget
48. An accounting entry acknowledging sums that are owing
Debit
Savings Register
Overdraft protection
Beneficiary
49. All costs or bills related to the business
Personal Allowances
Forbearance
Expenses
Balance Sheet
50. The amount of money you would need to deposit now in order to attain a desired amount in the future
Scarcity
Present Value
Estate Planning
Liability