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. Electronic Funds Transfer






2. Money paid to a worker






3. The economical needs of an individual






4. 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.






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






6. Someone who lends money at excessive rates of interest






7. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount






8. 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






9. Maintain by writing regular records






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






11. A general and progressive increase in prices






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






13. Maintain by writing regular records






14. The act of taking out money or other capital






15. A share set aside for a specific purpose






16. An act of economizing






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






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






19. An accounting entry acknowledging income or capital items






20. Total assets minus total liabilities






21. Profits paid to investors






22. Short for Federal Insurance Contributions Act - the name given on the paycheck stub for Social Security and Medicare taxes. The employee pays some of the FICA tax - and and the employer pays some of this tax for each employee. Social Security pays be






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






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






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






26. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company






27. 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.






28. Income before taxes






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






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






31. Protection against future loss






32. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money






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






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






35. Institution that functions much like a business - but does not operate for the purpose of generating profits






36. Give back (tax return)






37. The period covered by a salary payment






38. Anything that is used to produce goods or services






39. The maximum credit that a customer is allowed






40. 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






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






42. Loan where the lender goes through the borrower






43. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)






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






45. A delay in enforcing rights or claims or privileges






46. All costs or bills related to the business






47. 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






48. Funds that are often times traded through a stock exchange (NYSE)






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






50. Short for Federal Insurance Contributions Act - the name given on the paycheck stub for Social Security and Medicare taxes. The employee pays some of the FICA tax - and and the employer pays some of this tax for each employee. Social Security pays be