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. The standard IRS form for individual tax returns.






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






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






4. A bond with zero discounts






5. A long-term loan extended to someone who buys property






6. An exchange that occurs as a compromise






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






8. Anything that is used to produce goods or services






9. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index






10. A tax-deferred investment and savings plan that acts as a personal pension fund for employees






11. The period covered by a salary payment






12. This stands for annual percentage rate - which is a number calculated by taking into account the total cost of the loan - including what the borrower will pay in interest; this makes it easier to compare different loan offers






13. An exchange that occurs as a compromise






14. 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






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






16. The act of taking out money or other capital






17. 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.






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






19. Diagnosis Codes (in CCB Popup if more then 5 codes)






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






21. Short-term and Long-term objectives that are driven by values.






22. The amount of money you would need to deposit now in order to attain a desired amount in the future






23. 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.






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






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






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






27. Compute credits and debits of an account






28. A fixed charge for borrowing money






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






30. A debt not backed by specific property to satisfy the indebtedness in case of default.






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






32. A share set aside for a specific purpose






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






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






35. The amount accruing to the corporations owners

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36. A share set aside for a specific purpose






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






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






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






40. Arrangement for deferred payment for goods and services






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






42. Compute credits and debits of an account






43. Anything that is used to produce goods or services






44. The co-option of another person's personal information (e.g. - name - social security number - credit card number - passport) without that person's knowledge and the fraudulent use of such knowledge






45. A long-term loan extended to someone who buys property






46. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index






47. A specific plan for spending your income






48. The shares available to sell/buy






49. 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.






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