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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. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Money Market Accounts
Stock Symbol
Unsecured Loan
Identity Theft
2. A venture undertaken without regard to possible loss or injury
Interest-Only Loan
Profit
Risk
Transaction Fee
3. 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
Exemptions
Late Fee
Present Value
Stock Symbol
4. 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.
FICA
Saving
Shares Outstanding
Investing
5. An act of economizing
Saving
Scarcity
Tax Liability
Savings Register
6. Items of personal interest to collectors that can increase in value in the future
Maturity Date
Collectibles
Mutual Funds
Tax Liability
7. Maintain by writing regular records
Savings Register
Return
Total Assets
Maintain
8. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index
Index Fund
Time value of money
Mutual Funds
Risk
9. The time interval between the deposit of a check in a bank and its payment
Mortage
Interest-Only Loan
Float
Disclosure
10. Preparing a plan for transferring property during one's lifetime and at one's death
Liability
Estate Planning
Coupon Rate
Float
11. A tax-deferred investment and savings plan that acts as a personal pension fund for employees
EDGAR
Transfer Payments
Financial Institution
401 K
12. A periodic statement prepared by a bank for each client
Asset
Allocation
Bank Statement
Trade-off
13. Preparing a plan for transferring property during one's lifetime and at one's death
Savings Account
Estate Planning
Probate
Billing Statement
14. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail
Maturity Date
Vesting
Phishing
Lending Investments
15. An institution that issues something (securities or publications or currency etc.)
Issuer
Float
Face Value
Financial Institution
16. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Mutual Funds
Probate
Certificates of Deposit
Liability
17. Place to create a savings account.
Exemptions
Wealth Management
Savings Register
dividends
18. Arrangement for deferred payment for goods and services
Foreclosure
Wage
1040 EZ tax form
Credit
19. The rights of an individual to own - use - rent - invest in - buy - and sell property.
Asset Allocation
Property Rights
Identity Theft
Installment Loan
20. A debt not backed by specific property to satisfy the indebtedness in case of default.
Net Income
Unsecured Debt
Savings Account
Wealth Management
21. 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.
Investing
Taxable Income
Coverage
Secured Debt
22. Place to create a savings account.
Savings Register
Stockholders' Equity
Payday Loan
Stock Symbol
23. A yearly statement of the financial condition - progress - and expectations of an organization
Personal Budget
Living Trust
Annual Report
Debit
24. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
Withdrawal
Unsecured Loan
On-Boarding
Taxable Income
25. Short-term and Long-term objectives that are driven by values.
Deductions
Trade-off
Financial Goals
Exemption
26. 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.
Checkbook Register
1040 EZ tax form
Financial Statements
Predatory Lending
27. Financial reports that summarize the financial condition and operations of a business
Maturity Date
Expenses
Financial Statements
Net Income
28. Receiving money for loaning money
Stock Table
Credit
Secured Debt
Lending Investments
29. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
Common Stock
Line of Credit
Pay Period
Values
30. The standard IRS form for individual tax returns.
Annual Report
1040 tax form
Face Value
Personal Allowances
31. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Statement of Cash Flows
Installment Loan
Pension
Financial Institution
32. Concern for ones own well being and advantages
Self-Interest
Adjustable-Rate Loan
Withdrawal
Time value of money
33. The period covered by a salary payment
Pay Period
Net Income
Lien
Ownership Investments
34. The interest rate that a bond issuer will pay to a bondholder
Coupon Rate
Secured Debt
APR
Self-Interest
35. An automatic loan made to you if you write a check for more money than you have in your account
Overdraft protection
Mutual Funds
Late Fee
Yield
36. A bond with zero discounts
Zero-Coupon Bond
Trade-off
Salary
Cash
37. The recipient of funds or other benefits
Certificates of Deposit
Executor
Nonprofit Organization
Beneficiary
38. The withholding form each new employee fills out - stating the number of exemptions. the more exemptions listed - the less withholding tax will be taken from the paycheck.
W-4
Collectibles
Disclosure
Money Market Accounts
39. A venture undertaken without regard to possible loss or injury
Transaction
Risk
Ownership Investments
Direct Car Loan
40. The act of reducing the selling price of merchandise
Beneficiary
Personal Allowances
Deduction
Index Fund
41. Things that incite or spur to action; rewards or reasons for performing a task.
Annual Report
Incentives
Total Debt
Insurance
42. A loan that is paid off in a fixed rate over a period of time
Fixed-Rate Loan
Liability
Asset Allocation
Bank Statement
43. A specific plan for spending your income
Personal Budget
Ownership Investments
FICA
Foreclosure
44. Receiving money for loaning money
Face Value
Lending Investments
Bank Statement
Compound Interest
45. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Forbearance
Securities
Stock Table
Bankruptcy
46. The process of managing one's assets and wealth
Risk
Par Value
Yield
Wealth Management
47. A business activity that changes assets - liabilities - or owner's equity
Securities
Bankruptcy
Stockholders' Equity
Transaction
48. Whatever must be given up to obtain some item
Balance Sheet
Compound Interest
Opportunity Cost
Financial Goals
49. 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
Identity Theft
Opportunity Cost
Savings Register
Loan
50. A general and progressive increase in prices
Inflation
Deposit
Identity Theft
Property Rights