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. An extra charge for various credit activities such as using an ATM or receiving a cash advance






2. The right to take another's property if an obligation is not discharged






3. The act of taking out money or other capital






4. A fixed charge for borrowing money






5. Funds that are often times traded through a stock exchange (NYSE)






6. Limited quantities of resources to meet unlimited wants






7. The date on which a financial obligation must be repaid






8. Grant use or occupation of under a term of contract






9. 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.






10. The extent to which something is covered






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






12. A loan backed by something valuable - such as property






13. Profits paid to investors






14. Certificates that represent money the government has borrowed from private citizens






15. 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






16. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.






17. Total assets minus total liabilities






18. 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.






19. Grant use or occupation of under a term of contract






20. Protection against future loss






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






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






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






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






26. A general and progressive increase in prices






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






28. The amount accruing to the corporations owners

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29. Something of value; a resource; an advantage






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






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






32. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount






33. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount






34. The percentage of a sum of money charged for its use






35. Compute credits and debits of an account






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






37. Receiving money for loaning money






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






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






40. 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.






41. 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.






42. The money(usually a set amount) given to an individual to spend






43. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)






44. The distribution of investment funds among broad classes of assets.






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






46. Cash payments made by the government to people who do not supply goods - services - or labor in exchange for these payments. They include Social Security benefits - veterans' benefits - and welfare payments.






47. Arrangement for deferred payment for goods and services






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






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






50. Money paid to a worker