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






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






3. The money paid for employee services






4. Things that incite or spur to action; rewards or reasons for performing a task.






5. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.






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






7. 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.






8. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights






9. Immunity from a general burden - tax or charge; in bankruptcy or judgment executions - that portion of the debtor's property that cannot be liquidiated and applied to her debts






10. A bond with zero discounts






11. The shares available to sell/buy






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






13. Income before taxes






14. A yearly statement of the financial condition - progress - and expectations of an organization






15. 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.






16. The recipient of funds or other benefits






17. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.






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






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






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






21. A loan in which the rate can be altered to adjust to economical need






22. Something that is made open or revealed






23. 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.






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






25. A financial statement that gives operating results for a specific period






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






27. A delay in enforcing rights or claims or privileges






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






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






30. A bond with zero discounts






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






32. 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.






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






34. An act of economizing






35. Whatever must be given up to obtain some item






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






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






38. Items of personal interest to collectors that can increase in value in the future






39. Protection against future loss






40. A share set aside for a specific purpose






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






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






43. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid






44. All costs or bills related to the business






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






46. Having honest intentions






47. A share set aside for a specific purpose






48. An automatic loan made to you if you write a check for more money than you have in your account






49. Loan with equal number of payments of the same amount over a fixed period of time.






50. The money paid for employee services