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. Maintain by writing regular records






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






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






4. Loan where the lender goes through the borrower






5. An obligation to pay money to another party






6. Anything that is used to produce goods or services






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






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






9. Arrangement for deferred payment for goods and services






10. Shares of ownership in a company






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






12. The apparent worth as opposed to the real worth






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






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






15. Limited quantities of resources to meet unlimited wants






16. Protection against future loss






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






18. The money paid for employee services






19. The act of taking out money or other capital






20. Bring into consonance or accord - to agree on terms






21. A loan where the payment is acheived through interest






22. Is your gross income after certain reductions have been made






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






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






25. Having honest intentions






26. 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.






27. A bond with zero discounts






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






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






30. A person appointed by a testator to carry out the terms of the will






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






32. 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






33. A debt; something disadvantageous






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






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






36. The process of making a decision - usually complex






37. 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.






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






39. Bring into consonance or accord - to agree on terms






40. 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






41. Simplified IRS tax form which some individuals can file instead of the 1040 form.






42. 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.






43. Receiving money for loaning money






44. The process of making a decision - usually complex






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






46. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure






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






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






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






50. Give back (tax return)