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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. An exchange that occurs as a compromise
Issuer
Gross Income
Trade-off
Compound Interest
2. Shares of ownership in a company
Wage
Securities
Stocks
Certificates of Deposit
3. Things that incite or spur to action; rewards or reasons for performing a task.
Maintain
Asset Allocation
Late Fee
Incentives
4. A long-term loan extended to someone who buys property
Mortage
Time value of money
Bank Statement
Total Debt
5. The shares available to sell/buy
Balance Sheet
Shares Outstanding
Installment Loan
Wealth Management
6. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
Resources
Retirement Planning
Cash
Balance Sheet
7. The process of managing one's assets and wealth
Saving
Wealth Management
Installment Loan
1040 tax form
8. The distribution of investment funds among broad classes of assets.
Certificates of Deposit
Yield
Asset Allocation
Adjusted Gross Income
9. A penalty for making a payment after the due date
Late Fee
Disclosure
Financial Institution
Debit
10. The act of reducing the selling price of merchandise
Scarcity
Late Fee
Compound Interest
Deduction
11. A specific plan for spending your income
Liability
Mortage
Personal Budget
Overdraft protection
12. The amount of tax owed
Interest
Credit
Bank Statement
Tax Liability
13. Whatever must be given up to obtain some item
Distribution
Interest Rate
Opportunity Cost
Resources
14. A long-term loan extended to someone who buys property
Unsecured Debt
Mortage
Reconcile
Incentives
15. 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
Face Value
Credit
Premium
Identity Theft
16. The time interval between the deposit of a check in a bank and its payment
Par Value
Deposit
Float
Debt Consolidation
17. All costs or bills related to the business
Reconcile
Late Fee
Index Fund
Expenses
18. Financial organization that pools people's money and invests it
Income
Mutual Funds
Expenses
SEC Filings
19. Bring into consonance or accord - to agree on terms
Reconcile
Money Market Accounts
I-9
Personal Allowances
20. Profits paid to investors
Bonds
Probate
dividends
Mortage
21. The amount of money you would need to deposit now in order to attain a desired amount in the future
Salary
Present Value
Deposit
Unsecured Debt
22. A regular payment to a person that iis intended to allow them to subsist without working
Secured Debt
Incentives
Pension
Loan Shark
23. The amount of money you would need to deposit now in order to attain a desired amount in the future
Gross Income
dividends
Securities
Present Value
24. The outcome of an event especially as relative to an individual
Consequence
Phishing
Estate Planning
Yield
25. The process of managing one's assets and wealth
EDGAR
Wealth Management
EFT
Billing Statement
26. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
Distribution
Billing Statement
Estate Planning
Pay Period
27. 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.
Predatory Lending
Zero-Coupon Bond
Exemptions
Bonds
28. A delay in enforcing rights or claims or privileges
FICA
Forbearance
Time value of money
Balance
29. The act of lending money at an exorbitant rate of interest
Reconcile
Usury
Bankruptcy
Risk
30. Financial organization that pools people's money and invests it
Mutual Funds
Financial Goals
Income
Deduction
31. Can be found in a newspaper and shows information about popular stocks.
Interest
Stock Table
Executor
Bond Rating
32. A tax-deferred investment and savings plan that acts as a personal pension fund for employees
401 K
Insurance
Income
Transfer Payments
33. 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
Transaction Fee
Income Statement
EDGAR
Interest
34. The money paid for employee services
On-Boarding
Index Fund
Lien
Salary
35. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
Issuer
On-Boarding
Stock Symbol
Predatory Lending
36. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Certificates of Deposit
Wage
Cash
Premium
37. Business organizations that accommodate the buying and selling of securities.
Decison-making
Stock Exchanges
Transaction
SEC Filings
38. An amount that credit card companies can charge for the use of a credit card.
Secured Debt
Annual Fee
Inflation
EDGAR
39. A periodic statement prepared by a bank for each client
Bank Statement
Billing Statement
Opportunity Cost
Interest Rate
40. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Par Value
Deductible
Total Assets
Withdrawal
41. A record of checks written and deposits made in a checking account - kept by the depositor
Checkbook Register
Collectibles
Direct Car Loan
Disclosure
42. A fixed charge for borrowing money
Nonprofit Organization
SEC Filings
Asset Allocation
Interest
43. The money(usually a set amount) given to an individual to spend
Savings Register
Return
Debit
Personal Allowances
44. Grant use or occupation of under a term of contract
Maintain
Rent
Asset
Property Rights
45. A legal document declaring a person's wishes regarding the disposal of their property when they die
Asset Allocation
Will
Deposit
Risk
46. The rights of an individual to own - use - rent - invest in - buy - and sell property.
Living Trust
Debit
Self-Interest
Property Rights
47. 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.
Savings Register
Financial Needs
Interest Rate
Certificates of Deposit
48. A debt; something disadvantageous
Usury
Liability
Stock Table
Bond Rating
49. The extent to which something is covered
Beneficiary
Net Worth
Coverage
Premium
50. Something of value; a resource; an advantage
Stock Symbol
Asset
Present Value
Wage