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. Stock other than preferred stock






2. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights






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






4. Something of value; a resource; an advantage






5. Compute credits and debits of an account






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






7. A regular payment to a person that iis intended to allow them to subsist without working






8. The amount of tax owed






9. An amount of money given to the borrower for a set period of time. After the set time has passed - the money must be paid back plus the lending fee - called interest. Payments are normally made over a series of months.






10. 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.






11. Limited quantities of resources to meet unlimited wants






12. A debt; something disadvantageous






13. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid






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






15. An obligation to pay money to another party






16. The standard IRS form for individual tax returns.






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






18. Someone who lends money at excessive rates of interest






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






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






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






22. 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






23. The amount accruing to the corporations owners

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24. Bring into consonance or accord - to agree on terms






25. The process of making a decision - usually complex






26. The act of lending money at an exorbitant rate of interest






27. 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.






28. The apparent worth as opposed to the real worth






29. 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.






30. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)






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






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






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






34. Payment for insurance






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






36. A penalty for making a payment after the due date






37. The financial gain (earned or unearned) accruing over a given period of time






38. The financial gain (earned or unearned) accruing over a given period of time






39. A general and progressive increase in prices






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






41. The shares available to sell/buy






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






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






44. The act of lending money at an exorbitant rate of interest






45. All costs or bills related to the business






46. The date on which a financial obligation must be repaid






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






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






49. Concern for ones own well being and advantages






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