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






2. An obligation to pay money to another party






3. The amount of tax owed






4. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received






5. 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.






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






7. An accounting entry acknowledging sums that are owing






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






9. Loan deal in which the actual lender may not be known to the borrower.






10. Grant use or occupation of under a term of contract






11. Someone who lends money at excessive rates of interest






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






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






14. The economical needs of an individual






15. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights






16. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.






17. The time interval between the deposit of a check in a bank and its payment






18. Loan with equal number of payments of the same amount over a fixed period of time.






19. Financial reports that summarize the financial condition and operations of a business






20. All costs or bills related to the business






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






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






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






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






25. Payment for insurance






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






27. Money paid to a worker






28. Shares of ownership in a company






29. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure






30. The recipient of funds or other benefits






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






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






33. Beliefs of a person or social group in which they have an emotional investment (either for or against something)






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






35. Anything that is used to produce goods or services






36. The commercial activity of transporting and selling goods from a producer to a consumer






37. An accounting entry acknowledging income or capital items






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






39. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received






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






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






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






43. 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






44. 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






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






46. A penalty for making a payment after the due date






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






48. The apparent worth as opposed to the real worth






49. The outcome of an event especially as relative to an individual






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