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. Protection against future loss






2. The process of making a decision - usually complex






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






4. The maximum credit that a customer is allowed






5. Having honest intentions






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






7. A payment given as a guarantee that an obligation will be met






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






9. A bank account that accumulates interest






10. A bank account that accumulates interest






11. Electronic Funds Transfer






12. Can be found in a newspaper and shows information about popular stocks.






13. The period covered by a salary payment






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






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. Maintain by writing regular records






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






18. Someone who has insufficient assets to cover their debts






19. Profits paid to investors






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






21. 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






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






23. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)






24. An institution that issues something (securities or publications or currency etc.)






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






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






27. Loan where the lender goes through the borrower






28. 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.






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






30. Something of value; a resource; an advantage






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






32. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure






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






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






35. Funds that are often times traded through a stock exchange (NYSE)






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






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






38. A fixed charge for borrowing money






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






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






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






42. The period covered by a salary payment






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






44. 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






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 business activity that changes assets - liabilities - or owner's equity






47. Funds that are often times traded through a stock exchange (NYSE)






48. An accounting entry acknowledging sums that are owing






49. All costs or bills related to the business






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