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






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






3. An institution that issues something (securities or publications or currency etc.)






4. Making money for owning something






5. The standard IRS form for individual tax returns.






6. The interest rate that a bond issuer will pay to a bondholder






7. A bond with zero discounts






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






9. 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.






10. 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.






11. Preparing a plan for transferring property during one's lifetime and at one's death






12. Limited quantities of resources to meet unlimited wants






13. The value of a security that is set by the company issuing it






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






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






16. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt






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






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






19. The economical needs of an individual






20. A venture undertaken without regard to possible loss or injury






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






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






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






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






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






26. Arrangement for deferred payment for goods and services






27. Money paid to a worker






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






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






30. The apparent worth as opposed to the real worth






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






32. 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






33. A loan backed by something valuable - such as property






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






35. Loan where the lender goes through the borrower






36. A general and progressive increase in prices






37. All costs or bills related to the business






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






39. 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






40. A loan that is paid off in a fixed rate over a period of time






41. The economical needs of an individual






42. 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






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






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






45. A loan backed by something valuable - such as property






46. The act of reducing the selling price of merchandise






47. The act of taking out money or other capital






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






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






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