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. Receiving money for loaning money






2. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default






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






4. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received






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






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






7. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)






8. The amount of tax owed






9. Stock other than preferred stock






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






11. 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






12. Whatever must be given up to obtain some item






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






14. Place to create a savings account.






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






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






17. The act of lending money at an exorbitant rate of interest






18. Diagnosis Codes (in CCB Popup if more then 5 codes)






19. The apparent worth as opposed to the real worth






20. Making money for owning something






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






22. A general and progressive increase in prices






23. A bank account that accumulates interest






24. Someone who lends money at excessive rates of interest






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






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






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






28. The outcome of an event especially as relative to an individual






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






30. The amount accruing to the corporations owners

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31. The process of managing one's assets and wealth






32. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.






33. The period covered by a salary payment






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






35. A fixed charge for borrowing money






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






37. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default






38. 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.






39. Bring into consonance or accord - to agree on terms






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






41. An act of economizing






42. Total assets minus total liabilities






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






44. The standard IRS form for individual tax returns.






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






46. An accounting entry acknowledging sums that are owing






47. All costs or bills related to the business






48. Income before taxes






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






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