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Test your basic knowledge |
Wealth Management
Start Test
Study First
Subjects
:
personal-finance
,
business-skills
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. Can be found in a newspaper and shows information about popular stocks.
Profit
Deductible
Stock Table
Secured Loan
2. A general and progressive increase in prices
Forbearance
On-Boarding
Trade-off
Inflation
3. The fee - expressed as a percentage - a borrower owes for the use of a creditor's money. At an interest rate of 10% - a borrower would pay $110 for $100 borrowed.
Interest
Interest Rate
Unsecured Debt
Liability
4. The value of a security that is set by the company issuing it
Pension
Money Market Accounts
Par Value
Transfer Payments
5. A record of checks written and deposits made in a checking account - kept by the depositor
Interest Rate
Annual Report
Checkbook Register
Stock Exchanges
6. The outcome of an event especially as relative to an individual
EDGAR
Index Fund
Forbearance
Consequence
7. The apparent worth as opposed to the real worth
Interest Rate
Total Assets
Face Value
Coverage
8. A legal document declaring a person's wishes regarding the disposal of their property when they die
Deductions
Scarcity
Savings Account
Will
9. A share set aside for a specific purpose
Income Statement
Adjusted Gross Income
EDGAR
Allocation
10. Profits paid to investors
Money Market Accounts
Disclosure
dividends
Deposit
11. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Deductible
Credit
FICA
Total Assets
12. Financial organization that pools people's money and invests it
Adjusted Gross Income
Mutual Funds
Investing
Total Assets
13. An amount that credit card companies can charge for the use of a credit card.
Interest Rate
Annual Fee
Financial Goals
Annual Report
14. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Self-Interest
Distribution
Exemption
FICA
15. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
Indirect Car Loan
Billing Statement
Balance
Foreclosure
16. A specific plan for spending your income
Late Fee
Personal Budget
Consequence
Savings Account
17. Diagnosis Codes (in CCB Popup if more then 5 codes)
Identity Theft
Premium
I-9
Withdrawal
18. Concern for ones own well being and advantages
Saving
Mortage
401 K
Self-Interest
19. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Interest Rate
Total Debt
Executor
Income
20. Shares of ownership in a company
Stocks
EFT
Inflation
Fixed-Rate Loan
21. The date on which a financial obligation must be repaid
Unsecured Debt
Profit
Maturity Date
Stockholders' Equity
22. All costs or bills related to the business
1040 EZ tax form
Savings Account
Issuer
Expenses
23. The amount of tax owed
Reconcile
Tax Liability
EDGAR
401 K
24. An act of economizing
Loan Shark
Collectibles
Estate Planning
Saving
25. The amount of money you would need to deposit now in order to attain a desired amount in the future
Market Capitalization
Scarcity
Present Value
Phishing
26. 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
Cannibalizing assets
Maturity Date
EFT
Annual Report
27. The maximum credit that a customer is allowed
Line of Credit
Inflation
Deductible
Wage
28. All costs or bills related to the business
Consequence
Expenses
Net Worth
Withdrawal
29. An evaluation by a rating company of the probability that a particular bond issue will default
Secured Loan
Bond Rating
Common Stock
Float
30. The process of making a decision - usually complex
Financial Statements
Interest Rate
Net Income
Decison-making
31. Preparing a plan for transferring property during one's lifetime and at one's death
Will
Unsecured Loan
Estate Planning
Beneficiary
32. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Certificates of Deposit
Allocation
Vesting
Net Worth
33. Financial organization that pools people's money and invests it
Mutual Funds
Exchange-Traded Funds
Premium
Compound Interest
34. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Incentives
Gross Income
Common Stock
Certificates of Deposit
35. An evaluation by a rating company of the probability that a particular bond issue will default
Checkbook Register
Bond Rating
Certificates of Deposit
Tax Liability
36. An obligation to pay money to another party
Personal Allowances
Total Debt
Liability
Probate
37. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Collectibles
Credit
Deductions
Foreclosure
38. Limited quantities of resources to meet unlimited wants
Scarcity
Net Income
Deposit
Usury
39. A financial statement that gives operating results for a specific period
Values
Savings Account
Inflation
Income Statement
40. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Time value of money
Loan Shark
Insurance
Pension
41. The interest rate that a bond issuer will pay to a bondholder
Income
Coupon Rate
Annual Report
Annual Fee
42. The rights of an individual to own - use - rent - invest in - buy - and sell property.
Property Rights
Mortage
Mutual Funds
Zero-Coupon Bond
43. Certificates that represent money the government has borrowed from private citizens
Deduction
W-4
Bonds
Statement of Cash Flows
44. Anything that is used to produce goods or services
Resources
Exemption
Risk
I-9
45. The financial gain (earned or unearned) accruing over a given period of time
401 K
Income
Stockholders' Equity
Deductible
46. By planning ahead you can ensure financial stability during your retirement.
Stock Exchanges
Wage
Distribution
Retirement Planning
47. An accounting entry acknowledging sums that are owing
Opportunity Cost
Return
Debit
Par Value
48. Having honest intentions
Incentives
Balance
Good Faith
Decison-making
49. The date on which a financial obligation must be repaid
Maturity Date
Installment Loan
Wage
Lending Investments
50. A payment given as a guarantee that an obligation will be met
Total Assets
dividends
Lien
Deposit