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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. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Foreclosure
Taxable Income
Total Debt
Allocation
2. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.
Living Trust
Stock Symbol
Debit
Distribution
3. The recipient of funds or other benefits
Financial Goals
Beneficiary
Preferred Stock
Indirect Car Loan
4. A yearly statement of the financial condition - progress - and expectations of an organization
Vesting
Annual Report
Rent
Vesting
5. Short-term and Long-term objectives that are driven by values.
Predatory Lending
Financial Goals
1040 tax form
Overdraft protection
6. The amount of money you would need to deposit now in order to attain a desired amount in the future
Insolvent
Present Value
Estate Planning
Probate
7. Someone who lends money at excessive rates of interest
Loan Shark
Opportunity Cost
Values
APR
8. A regular payment to a person that iis intended to allow them to subsist without working
Stock Exchanges
Pension
Transaction Fee
Living Trust
9. Interest calculated on both the principal and the accrued interest
Will
Compound Interest
1040 EZ tax form
Lending Investments
10. 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.
1040 EZ tax form
Secured Loan
Transaction
Interest Rate
11. Shares of ownership in a company
Rent
Salary
Interest Rate
Stocks
12. Maintain by writing regular records
Billing Statement
Debit
Exemption
Maintain
13. 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
Return
Mutual Funds
Cannibalizing assets
Cash
14. Someone who has insufficient assets to cover their debts
Time value of money
Preferred Stock
Withdrawal
Insolvent
15. A loan backed by something valuable - such as property
Compound Interest
Net Worth
Secured Loan
Bankruptcy
16. A long-term loan extended to someone who buys property
Liability
Mortage
Transaction Fee
Values
17. An estimation of the value of a business that is obtained by multiplying the number of shares outstanding by the current price of a share
Lending Investments
Retirement Planning
Market Capitalization
Unsecured Debt
18. An accounting entry acknowledging sums that are owing
Estate Planning
Coupon Rate
Securities
Debit
19. A delay in enforcing rights or claims or privileges
Net Worth
Usury
Money Market Accounts
Forbearance
20. Financial organization that pools people's money and invests it
401 K
Mutual Funds
Par Value
Will
21. 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.
W-4
Exchange-Traded Funds
Bankruptcy
Financial Institution
22. A debt not backed by specific property to satisfy the indebtedness in case of default.
Financial Statements
Billing Statement
Transfer Payments
Unsecured Debt
23. Financial organization that pools people's money and invests it
Mutual Funds
Wage
Property Rights
Exemption
24. Money paid to a worker
Wage
401 K
1040 EZ tax form
Market Capitalization
25. The apparent worth as opposed to the real worth
Installment Loan
1040 tax form
Face Value
Float
26. The amount of tax owed
Present Value
Reconcile
Issuer
Tax Liability
27. Anything that is used to produce goods or services
Resources
Vesting
Bonds
Trade-off
28. The process of managing one's assets and wealth
Wealth Management
Mutual Funds
Identity Theft
Money Market Accounts
29. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Statement of Cash Flows
Preferred Stock
Liability
Transaction Fee
30. Financial organization that pools people's money and invests it
Mutual Funds
Securities
Asset Allocation
Withdrawal
31. A loan backed by something valuable - such as property
Net Income
Secured Loan
Securities
Money Market Accounts
32. Income on which tax must be paid; total income minus exemptions and deductions
Loan Shark
Shares Outstanding
Secured Debt
Taxable Income
33. Prompt payment for goods or services in currency or by check
Lending Investments
Inflation
Cash
Property Rights
34. A fixed charge for borrowing money
Lending Investments
Interest
Beneficiary
Beneficiary
35. The act of committing money or capital to an endeavor (a business - project - real estate - etc.) with the expectation of obtaining an additional income or profit.
Investing
Stock Symbol
Checkbook Register
Vesting
36. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Nonprofit Organization
Mortage
Financial Institution
1040 tax form
37. Institution that functions much like a business - but does not operate for the purpose of generating profits
Money Market Accounts
Gross Income
Indirect Car Loan
Nonprofit Organization
38. The percentage of a sum of money charged for its use
Asset
Late Fee
Interest Rate
Zero-Coupon Bond
39. The date on which a financial obligation must be repaid
1040 tax form
Direct Car Loan
Mutual Funds
Maturity Date
40. The money paid for employee services
Salary
Late Fee
Gross Income
Checkbook Register
41. A financial statement that gives operating results for a specific period
Securities
Index Fund
Income Statement
Bond Rating
42. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Time value of money
Zero-Coupon Bond
Preferred Stock
Personal Allowances
43. The outcome of an event especially as relative to an individual
Direct Car Loan
Consequence
Taxable Income
Financial Needs
44. Compute credits and debits of an account
Balance
Pay Period
I-9
Bankruptcy
45. Loan deal in which the actual lender may not be known to the borrower.
Opportunity Cost
Values
Indirect Car Loan
W-4
46. Total assets minus total liabilities
Scarcity
Income
Net Worth
Transaction Fee
47. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)
Wage
W-4
Unsecured Loan
Tax Liability
48. Arrangement for deferred payment for goods and services
Credit
Transaction
Mortage
Securities
49. Production of a certain amount
Will
Return
Reconcile
Yield
50. A person appointed by a testator to carry out the terms of the will
Distribution
Executor
Indirect Car Loan
Deduction