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






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






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






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






5. A delay in enforcing rights or claims or privileges






6. A specific plan for spending your income






7. Someone who has insufficient assets to cover their debts






8. A loan where the payment is acheived through interest






9. A bond with zero discounts






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






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






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






13. Something of value; a resource; an advantage






14. A fixed charge for borrowing money






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






16. Financial reports that summarize the financial condition and operations of a business






17. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy






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






19. All costs or bills related to the business






20. Immunity from a general burden - tax or charge; in bankruptcy or judgment executions - that portion of the debtor's property that cannot be liquidiated and applied to her debts






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






22. Cash payments made by the government to people who do not supply goods - services - or labor in exchange for these payments. They include Social Security benefits - veterans' benefits - and welfare payments.






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






24. The process of making a decision - usually complex






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






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






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






28. Maintain by writing regular records






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






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






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






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






33. Having honest intentions






34. 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






35. The extent to which something is covered






36. Limited quantities of resources to meet unlimited wants






37. Stock other than preferred stock






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






39. Items of personal interest to collectors that can increase in value in the future






40. The extent to which something is covered






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






42. The recipient of funds or other benefits






43. Whatever must be given up to obtain some item






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






45. 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






46. The percentage of a sum of money charged for its use






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






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






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






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