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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. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.






2. Savings account that pays market rate or better interest and allows access to funds without penalty.






3. Protection against future loss






4. 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






5. 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.






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






7. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)






8. The money paid for employee services






9. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default






10. 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






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






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






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






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






15. Interest calculated on both the principal and the accrued interest






16. An amount of money given to the borrower for a set period of time. After the set time has passed - the money must be paid back plus the lending fee - called interest. Payments are normally made over a series of months.






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






18. An institution that issues something (securities or publications or currency etc.)






19. Programs aimed at helping employees integrate - assimilate - and transition to new jobs






20. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt






21. Profits paid to investors






22. By planning ahead you can ensure financial stability during your retirement.






23. An amount that credit card companies can charge for the use of a credit card.






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






25. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time






26. A loan where the payment is acheived through interest






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






28. A regular payment to a person that iis intended to allow them to subsist without working






29. The rights of an individual to own - use - rent - invest in - buy - and sell property.






30. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.






31. Preparing a plan for transferring property during one's lifetime and at one's death






32. The recipient of funds or other benefits






33. Short for Federal Insurance Contributions Act - the name given on the paycheck stub for Social Security and Medicare taxes. The employee pays some of the FICA tax - and and the employer pays some of this tax for each employee. Social Security pays be






34. An obligation to pay money to another party






35. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month






36. The process of managing one's assets and wealth






37. The standard IRS form for individual tax returns.






38. Give back (tax return)






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






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






41. Electronic Funds Transfer






42. A bond with zero discounts






43. 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.






44. The apparent worth as opposed to the real worth






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






46. Financial reports that summarize the financial condition and operations of a business






47. All costs or bills related to the business






48. 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.






49. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company






50. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements






Can you answer 50 questions in 15 minutes?



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