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 record of checks written and deposits made in a checking account - kept by the depositor






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






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






4. An obligation to pay money to another party






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






6. The distribution of investment funds among broad classes of assets.






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






8. An accounting entry acknowledging income or capital items






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






10. Compute credits and debits of an account






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






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






13. Simplified IRS tax form which some individuals can file instead of the 1040 form.






14. 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.






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






16. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets






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






18. Payment for insurance






19. Shares of ownership in a company






20. Beliefs of a person or social group in which they have an emotional investment (either for or against something)






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






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






23. The apparent worth as opposed to the real worth






24. A venture undertaken without regard to possible loss or injury






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






26. 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






27. Something that is made open or revealed






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






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






30. A general and progressive increase in prices






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






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






33. A bank account that accumulates interest






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






35. Receiving money for loaning money






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






37. 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.






38. 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.






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






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






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






42. The amount of tax owed






43. Electronic Funds Transfer






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






45. 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






46. A loan that is paid off in a fixed rate over a period of time






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.






48. Money paid to a worker






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






50. Money paid to a worker