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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. Money paid to a worker
Cash
Beneficiary
Stockholders' Equity
Wage
2. The shares available to sell/buy
Financial Statements
EDGAR
Shares Outstanding
dividends
3. The recipient of funds or other benefits
Bank Statement
Consequence
Beneficiary
SEC Filings
4. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index
Index Fund
Wage
Living Trust
Debt Consolidation
5. A payment given as a guarantee that an obligation will be met
Investing
Loan Shark
Deposit
dividends
6. The recipient of funds or other benefits
Gross Income
Trade-off
Unsecured Loan
Beneficiary
7. Payment for insurance
Balance
Bankruptcy
Debit
Premium
8. The distribution of investment funds among broad classes of assets.
Executor
Transfer Payments
FICA
Asset Allocation
9. An exchange that occurs as a compromise
Debt Consolidation
On-Boarding
Trade-off
Stock Exchanges
10. The act of reducing the selling price of merchandise
Deduction
Vesting
Direct Car Loan
Transfer Payments
11. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.
Credit
I-9
SEC Filings
Trade-off
12. Interest calculated on both the principal and the accrued interest
Compound Interest
Stockholders' Equity
Beneficiary
Rent
13. Items of personal interest to collectors that can increase in value in the future
Collectibles
Self-Interest
Secured Debt
Secured Debt
14. Savings account that pays market rate or better interest and allows access to funds without penalty.
Money Market Accounts
Forbearance
Debt Consolidation
1040 tax form
15. A specific plan for spending your income
Par Value
Personal Budget
Securities
Annual Fee
16. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.
Income Statement
SEC Filings
Stocks
Financial Goals
17. The apparent worth as opposed to the real worth
Consequence
Identity Theft
W-4
Face Value
18. The value of a security that is set by the company issuing it
Liability
Par Value
Return
Salary
19. Place to create a savings account.
Loan
Adjustable-Rate Loan
Savings Register
Line of Credit
20. The process of making a decision - usually complex
Values
Liability
Decison-making
Opportunity Cost
21. Loan where the lender goes through the borrower
Line of Credit
Profit
Total Debt
Direct Car Loan
22. An act of economizing
Savings Account
Net Worth
Debit
Saving
23. A fixed charge for borrowing money
Interest
Liability
Unsecured Debt
W-4
24. A loan where the payment is acheived through interest
Retirement Planning
Interest-Only Loan
Line of Credit
Checkbook Register
25. Compute credits and debits of an account
Bank Statement
Tax Liability
Pay Period
Balance
26. Is your gross income after certain reductions have been made
Mutual Funds
Adjusted Gross Income
Inflation
Adjustable-Rate Loan
27. An evaluation by a rating company of the probability that a particular bond issue will default
Bond Rating
Installment Loan
Securities
Total Debt
28. An obligation to pay money to another party
Tax Liability
Maintain
Self-Interest
Liability
29. Financial reports that summarize the financial condition and operations of a business
Financial Institution
Consequence
Financial Statements
Float
30. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.
Personal Allowances
Deductions
Indirect Car Loan
1040 tax form
31. Profits paid to investors
Distribution
Market Capitalization
Liability
dividends
32. Funds that are often times traded through a stock exchange (NYSE)
Reconcile
Investing
Coupon Rate
Exchange-Traded Funds
33. The percentage of a sum of money charged for its use
Credit
Interest-Only Loan
Interest Rate
Gross Income
34. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.
Salary
Stock Exchanges
Living Trust
Allocation
35. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received
Personal Allowances
Debt Consolidation
Net Income
Scarcity
36. Something of value; a resource; an advantage
Foreclosure
Asset
Interest-Only Loan
Incentives
37. A person appointed by a testator to carry out the terms of the will
Executor
Common Stock
Nonprofit Organization
Adjustable-Rate Loan
38. Grant use or occupation of under a term of contract
Rent
Interest Rate
401 K
Float
39. Simplified IRS tax form which some individuals can file instead of the 1040 form.
1040 EZ tax form
Beneficiary
Net Worth
Bond Rating
40. The right to take another's property if an obligation is not discharged
Cash
Credit
Lien
Consequence
41. Arrangement for deferred payment for goods and services
Executor
Secured Debt
Checkbook Register
Credit
42. The act of taking out money or other capital
Bonds
Wealth Management
Payday Loan
Withdrawal
43. 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
Market Capitalization
Distribution
On-Boarding
Values
44. A delay in enforcing rights or claims or privileges
Forbearance
Balance Sheet
On-Boarding
Deductions
45. Prompt payment for goods or services in currency or by check
W-4
Cash
Nonprofit Organization
Savings Register
46. A general and progressive increase in prices
Inflation
Savings Account
Float
Zero-Coupon Bond
47. 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.
Adjustable-Rate Loan
1040 tax form
Collectibles
Interest Rate
48. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Certificates of Deposit
Profit
Float
Net Income
49. Is your gross income after certain reductions have been made
Compound Interest
Pension
Adjusted Gross Income
Bank Statement
50. A long-term loan extended to someone who buys property
EDGAR
Pension
Loan
Mortage