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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. A business activity that changes assets - liabilities - or owner's equity
Transaction
Market Capitalization
Financial Statements
Coupon Rate
2. 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
Market Capitalization
Cash
Float
Usury
3. A loan where the payment is acheived through interest
Time value of money
Gross Income
Reconcile
Interest-Only Loan
4. Loan deal in which the actual lender may not be known to the borrower.
Stock Table
Present Value
Indirect Car Loan
Adjustable-Rate Loan
5. A specific plan for spending your income
Withdrawal
Late Fee
Personal Budget
Lien
6. The act of committing money or capital to an endeavor (a business - project - real estate - etc.) with the expectation of obtaining an additional income or profit.
Balance Sheet
FICA
Investing
Savings Account
7. An evaluation by a rating company of the probability that a particular bond issue will default
Exemption
Certificates of Deposit
Bond Rating
Issuer
8. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)
Collectibles
Unsecured Loan
Credit
Issuer
9. A penalty for making a payment after the due date
Insurance
Tax Liability
Late Fee
Financial Institution
10. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Stocks
Profit
Adjustable-Rate Loan
Predatory Lending
11. The act of taking out money or other capital
Withdrawal
Line of Credit
Vesting
Pay Period
12. 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.
Float
Secured Debt
Salary
Resources
13. Total assets minus total liabilities
Disclosure
Coupon Rate
Credit
Net Worth
14. The commercial activity of transporting and selling goods from a producer to a consumer
Personal Budget
Line of Credit
Distribution
Bankruptcy
15. The process of managing one's assets and wealth
Adjustable-Rate Loan
Ownership Investments
Wealth Management
Debt Consolidation
16. Things that incite or spur to action; rewards or reasons for performing a task.
Incentives
W-4
Time value of money
Financial Goals
17. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Beneficiary
Probate
Financial Needs
Phishing
18. The period covered by a salary payment
Loan
Bankruptcy
Pay Period
Secured Loan
19. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
Inflation
On-Boarding
Index Fund
Line of Credit
20. Financial reports that summarize the financial condition and operations of a business
Financial Statements
Pension
Indirect Car Loan
Net Income
21. The process of managing one's assets and wealth
Balance
Wealth Management
Deposit
Net Income
22. The amount of money you would need to deposit now in order to attain a desired amount in the future
Present Value
Overdraft protection
Fixed-Rate Loan
Stockholders' Equity
23. Limited quantities of resources to meet unlimited wants
Credit
I-9
Personal Allowances
Scarcity
24. Interest calculated on both the principal and the accrued interest
1040 tax form
Compound Interest
Predatory Lending
Profit
25. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Probate
Vesting
Secured Loan
Float
26. A bank account that accumulates interest
Savings Account
Net Income
Identity Theft
Secured Debt
27. A debt; something disadvantageous
401 K
Liability
Interest
Saving
28. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time
Loan
Coupon Rate
dividends
Vesting
29. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
1040 EZ tax form
Ownership Investments
Balance Sheet
Stocks
30. The money paid for employee services
Deductible
Exemptions
Maintain
Salary
31. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Preferred Stock
Payday Loan
Decison-making
Mutual Funds
32. 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
Stock Exchanges
Financial Goals
Cannibalizing assets
Indirect Car Loan
33. Prompt payment for goods or services in currency or by check
Debit
Maintain
Face Value
Cash
34. 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
Financial Goals
Index Fund
APR
Self-Interest
35. 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
Pay Period
Gross Income
dividends
EDGAR
36. An extra charge for various credit activities such as using an ATM or receiving a cash advance
Tax Liability
Premium
Transaction Fee
SEC Filings
37. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Premium
Unsecured Debt
Mutual Funds
Exemption
38. The percentage of a sum of money charged for its use
Transfer Payments
Interest Rate
Preferred Stock
Deposit
39. 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.
Net Income
Secured Loan
Interest Rate
Exemption
40. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
On-Boarding
Issuer
APR
Investing
41. Institution that functions much like a business - but does not operate for the purpose of generating profits
Rent
Nonprofit Organization
Annual Report
Installment Loan
42. Income on which tax must be paid; total income minus exemptions and deductions
Taxable Income
Bank Statement
Loan Shark
Direct Car Loan
43. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index
Wage
FICA
Index Fund
Late Fee
44. Certificates that represent money the government has borrowed from private citizens
Present Value
Direct Car Loan
Wealth Management
Bonds
45. Something that is made open or revealed
Interest Rate
Secured Debt
Loan
Disclosure
46. The amount of tax owed
Tax Liability
Saving
Wealth Management
Fixed-Rate Loan
47. A regular payment to a person that iis intended to allow them to subsist without working
Present Value
Line of Credit
Pension
Common Stock
48. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index
Bonds
Cannibalizing assets
Shares Outstanding
Index Fund
49. 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
Profit
Cannibalizing assets
Personal Budget
Par Value
50. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.
Exemption
SEC Filings
Liability
Interest