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. The process of managing one's assets and wealth






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






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






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






5. The extent to which something is covered






6. An accounting entry acknowledging sums that are owing






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






8. A delay in enforcing rights or claims or privileges






9. The amount of tax owed






10. Money paid to a worker






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






12. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount






13. 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






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






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






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






17. Total assets minus total liabilities






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






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






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






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






22. Concern for ones own well being and advantages






23. Something that is made open or revealed






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






25. All costs or bills related to the business






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






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






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






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






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






31. The recipient of funds or other benefits






32. An exchange that occurs as a compromise






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






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






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






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






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






38. A debt; something disadvantageous






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






40. An accounting entry acknowledging income or capital items






41. 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






42. Total assets minus total liabilities






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






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






45. 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






46. 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.






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






48. A person appointed by a testator to carry out the terms of the will






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






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