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 amount of tax owed






2. Arrangement for deferred payment for goods and services






3. Having honest intentions






4. An extra charge for various credit activities such as using an ATM or receiving a cash advance






5. 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






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






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






8. Profits paid to investors






9. Compute credits and debits of an account






10. Stock other than preferred stock






11. The apparent worth as opposed to the real worth






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






13. A specific plan for spending your income






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






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






16. 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.






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






18. The extent to which something is covered






19. 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






20. A bank account that accumulates interest






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






22. The commercial activity of transporting and selling goods from a producer to a consumer






23. The shares available to sell/buy






24. 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






25. Protection against future loss






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






27. The maximum credit that a customer is allowed






28. Something that is made open or revealed






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






30. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail






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






32. A delay in enforcing rights or claims or privileges






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






34. Someone who lends money at excessive rates of interest






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






36. Making money for owning something






37. An obligation to pay money to another party






38. Limited quantities of resources to meet unlimited wants






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






40. An act of economizing






41. Maintain by writing regular records






42. 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.






43. 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






44. 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






45. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.






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






47. Whatever must be given up to obtain some item






48. Interest calculated on both the principal and the accrued interest






49. 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.






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