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. An act of economizing






2. Someone who lends money at excessive rates of interest






3. The act of taking out money or other capital






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






5. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.






6. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements






7. The extent to which something is covered






8. A delay in enforcing rights or claims or privileges






9. A debt; something disadvantageous






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






11. The standard IRS form for individual tax returns.






12. A general and progressive increase in prices






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






14. 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






15. Electronic Funds Transfer






16. Protection against future loss






17. By planning ahead you can ensure financial stability during your retirement.






18. An accounting entry acknowledging sums that are owing






19. A venture undertaken without regard to possible loss or injury






20. 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.






21. Profits paid to investors






22. Is your gross income after certain reductions have been made






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






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






25. Can be found in a newspaper and shows information about popular stocks.






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






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






28. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index






29. An accounting entry acknowledging income or capital items






30. 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.






31. The money paid for employee services






32. 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






33. Things that incite or spur to action; rewards or reasons for performing a task.






34. Shares of ownership in a company






35. Concern for ones own well being and advantages






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






37. A debt not backed by specific property to satisfy the indebtedness in case of default.






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






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






40. Loan where the lender goes through the borrower






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






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






43. The amount of tax owed






44. Limited quantities of resources to meet unlimited wants






45. Simplified IRS tax form which some individuals can file instead of the 1040 form.






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






47. The amount of money you would need to deposit now in order to attain a desired amount in the future






48. An institution that issues something (securities or publications or currency etc.)






49. Making money for owning something






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