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. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.






2. 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






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






4. Stock other than preferred stock






5. 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






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






7. Something of value; a resource; an advantage






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






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






10. A share set aside for a specific purpose






11. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements






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






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






14. The process of making a decision - usually complex






15. Something of value; a resource; an advantage






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






17. An obligation to pay money to another party






18. Prompt payment for goods or services in currency or by check






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






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






21. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements






22. Funds that pay part of their distributions out of principal cannibalize their assets. This depletes the fund's asset base. Funds cannibalize assets to maintain a dividend and keep shareholders happy. However - like feeding a cow its own milk - this p






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






24. Money paid to a worker






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






26. A specific plan for spending your income






27. The process of making a decision - usually complex






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






29. The amount accruing to the corporations owners

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30. Certificates that represent money the government has borrowed from private citizens






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






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






33. An accounting entry acknowledging sums that are owing






34. Savings account that pays market rate or better interest and allows access to funds without penalty.






35. Give back (tax return)






36. The economical needs of an individual






37. 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.






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






39. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money






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






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






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






43. The apparent worth as opposed to the real worth






44. Anything that is used to produce goods or services






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






46. A loan where the payment is acheived through interest






47. Loan with equal number of payments of the same amount over a fixed period of time.






48. Protection against future loss






49. Savings account that pays market rate or better interest and allows access to funds without penalty.






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