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






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






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






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






5. All costs or bills related to the business






6. 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.






7. An exchange that occurs as a compromise






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






9. Something that is made open or revealed






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






11. Give back (tax return)






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






13. 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.






14. Income on which tax must be paid; total income minus exemptions and deductions






15. Receiving money for loaning money






16. Anything that is used to produce goods or services






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






18. The amount of tax owed






19. An act of economizing






20. A bond with zero discounts






21. Whatever must be given up to obtain some item






22. An obligation to pay money to another party






23. 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






24. Someone who has insufficient assets to cover their debts






25. Money paid to a worker






26. Electronic Funds Transfer






27. The interest rate that a bond issuer will pay to a bondholder






28. Someone who has insufficient assets to cover their debts






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






30. The interest rate that a bond issuer will pay to a bondholder






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






32. Making money for owning something






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






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






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






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






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






38. Concern for ones own well being and advantages






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






40. 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






41. Anything that is used to produce goods or services






42. 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






43. Something that is made open or revealed






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






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






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






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






48. The outcome of an event especially as relative to an individual






49. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail






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