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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 money paid for employee services
Salary
Float
Interest-Only Loan
Asset Allocation
2. Certificates that represent money the government has borrowed from private citizens
Distribution
Bonds
Issuer
Mutual Funds
3. An exchange that occurs as a compromise
Trade-off
Liability
Forbearance
Cash
4. The recipient of funds or other benefits
Forbearance
Collectibles
Premium
Beneficiary
5. The amount accruing to the corporations owners
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6. Production of a certain amount
Vesting
Yield
Pension
Adjusted Gross Income
7. The right to take another's property if an obligation is not discharged
Statement of Cash Flows
Yield
Cannibalizing assets
Lien
8. Short-term and Long-term objectives that are driven by values.
Adjusted Gross Income
Living Trust
Financial Goals
Checkbook Register
9. The amount of tax owed
Executor
Return
Index Fund
Tax Liability
10. Whatever must be given up to obtain some item
Compound Interest
Net Income
Debit
Opportunity Cost
11. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Expenses
Distribution
Total Debt
Gross Income
12. By planning ahead you can ensure financial stability during your retirement.
Direct Car Loan
Face Value
Retirement Planning
Liability
13. A business activity that changes assets - liabilities - or owner's equity
Statement of Cash Flows
Rent
Zero-Coupon Bond
Transaction
14. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Fixed-Rate Loan
EFT
Securities
Coupon Rate
15. Having honest intentions
Personal Allowances
Good Faith
FICA
Living Trust
16. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Foreclosure
Forbearance
Reconcile
Checkbook Register
17. Concern for ones own well being and advantages
Exemptions
Total Debt
Time value of money
Self-Interest
18. A record of checks written and deposits made in a checking account - kept by the depositor
Maintain
Checkbook Register
SEC Filings
Stock Exchanges
19. The standard IRS form for individual tax returns.
Mortage
W-4
1040 tax form
Stocks
20. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Transaction Fee
Certificates of Deposit
Late Fee
Billing Statement
21. The interest rate that a bond issuer will pay to a bondholder
Coupon Rate
Taxable Income
Mortage
Debit
22. Making money for owning something
Property Rights
Interest
Personal Budget
Ownership Investments
23. An exchange that occurs as a compromise
Foreclosure
Bonds
Values
Trade-off
24. The extent to which something is covered
Financial Goals
Market Capitalization
Coverage
Rent
25. An accounting entry acknowledging income or capital items
Credit
Bonds
Debt Consolidation
Deductions
26. A long-term loan extended to someone who buys property
Mortage
Interest
401 K
On-Boarding
27. The commercial activity of transporting and selling goods from a producer to a consumer
Property Rights
Estate Planning
Distribution
Allocation
28. Give back (tax return)
Mutual Funds
Return
Face Value
Tax Liability
29. Prompt payment for goods or services in currency or by check
Checkbook Register
Cash
Fixed-Rate Loan
Compound Interest
30. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.
I-9
Present Value
Stock Symbol
Deductions
31. A fixed charge for borrowing money
Interest
FICA
Foreclosure
Self-Interest
32. The value of a security that is set by the company issuing it
Par Value
Money Market Accounts
Adjusted Gross Income
Nonprofit Organization
33. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Interest
Total Assets
Coupon Rate
W-4
34. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail
Insolvent
Stockholders' Equity
Preferred Stock
Phishing
35. A legal document declaring a person's wishes regarding the disposal of their property when they die
Will
Credit
Nonprofit Organization
Personal Allowances
36. The commercial activity of transporting and selling goods from a producer to a consumer
Bankruptcy
dividends
Distribution
Stock Symbol
37. The act of lending money at an exorbitant rate of interest
Usury
Credit
Time value of money
Interest-Only Loan
38. A financial statement that gives operating results for a specific period
Credit
dividends
Income Statement
Wealth Management
39. A venture undertaken without regard to possible loss or injury
Risk
Incentives
Face Value
1040 tax form
40. Something of value; a resource; an advantage
Stocks
Asset
Exchange-Traded Funds
Lien
41. The amount accruing to the corporations owners
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42. Grant use or occupation of under a term of contract
Rent
Transfer Payments
Index Fund
Self-Interest
43. A loan where the payment is acheived through interest
Interest-Only Loan
Withdrawal
Wage
Transaction
44. A debt not backed by specific property to satisfy the indebtedness in case of default.
Interest Rate
Unsecured Debt
SEC Filings
Balance
45. An obligation to pay money to another party
Balance
Loan Shark
Present Value
Liability
46. The financial gain (earned or unearned) accruing over a given period of time
Income
APR
Loan Shark
Cannibalizing assets
47. A bank account that accumulates interest
Scarcity
Savings Account
Pay Period
Payday Loan
48. Loan deal in which the actual lender may not be known to the borrower.
Financial Institution
Indirect Car Loan
EDGAR
Foreclosure
49. An obligation to pay money to another party
Tax Liability
Salary
Liability
Insurance
50. The right to take another's property if an obligation is not discharged
Certificates of Deposit
Lien
Credit
Direct Car Loan