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. An exchange that occurs as a compromise






2. Shares of ownership in a company






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






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






5. The shares available to sell/buy






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






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






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






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






10. The act of reducing the selling price of merchandise






11. A specific plan for spending your income






12. The amount of tax owed






13. Whatever must be given up to obtain some item






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






15. 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






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






17. All costs or bills related to the business






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






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






20. Profits paid to investors






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






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






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






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






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






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






27. 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.






28. A delay in enforcing rights or claims or privileges






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






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






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






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






33. 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






34. The money paid for employee services






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






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






37. Business organizations that accommodate the buying and selling of securities.






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






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






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






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






42. A fixed charge for borrowing money






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






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






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






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






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. A debt; something disadvantageous






49. The extent to which something is covered






50. Something of value; a resource; an advantage