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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. By planning ahead you can ensure financial stability during your retirement.
Asset Allocation
Annual Fee
Checkbook Register
Retirement Planning
2. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.
Present Value
Installment Loan
Cannibalizing assets
Statement of Cash Flows
3. Loan with equal number of payments of the same amount over a fixed period of time.
EDGAR
Ownership Investments
Installment Loan
Cash
4. The process of managing one's assets and wealth
Wealth Management
Predatory Lending
Money Market Accounts
Face Value
5. 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
Cannibalizing assets
Predatory Lending
Transaction
Market Capitalization
6. Maintain by writing regular records
Unsecured Loan
Maintain
Identity Theft
Investing
7. A penalty for making a payment after the due date
Interest Rate
Identity Theft
Late Fee
Lien
8. Protection against future loss
Insurance
Pay Period
Bank Statement
Maturity Date
9. An exchange that occurs as a compromise
Stocks
Trade-off
Debit
Living Trust
10. The money paid for employee services
Salary
I-9
Deductible
Line of Credit
11. A loan that is paid off in a fixed rate over a period of time
Fixed-Rate Loan
SEC Filings
Stock Exchanges
Certificates of Deposit
12. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.
Payday Loan
Mutual Funds
Secured Loan
Present Value
13. The value of a security that is set by the company issuing it
Statement of Cash Flows
Par Value
W-4
Will
14. Funds that are often times traded through a stock exchange (NYSE)
Money Market Accounts
Exchange-Traded Funds
Decison-making
Deductible
15. The process of making a decision - usually complex
Decison-making
Scarcity
Beneficiary
Statement of Cash Flows
16. An obligation to pay money to another party
Transaction
Coverage
Liability
Loan Shark
17. A venture undertaken without regard to possible loss or injury
Lien
Compound Interest
Risk
Payday Loan
18. The act of lending money at an exorbitant rate of interest
Usury
Late Fee
Gross Income
Issuer
19. Whatever must be given up to obtain some item
1040 tax form
Yield
Index Fund
Opportunity Cost
20. Payment for insurance
Forbearance
401 K
Mortage
Premium
21. A bond with zero discounts
Bankruptcy
Values
Zero-Coupon Bond
Secured Loan
22. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Reconcile
Stock Symbol
Total Assets
Debit
23. A loan backed by something valuable - such as property
Expenses
Living Trust
Lending Investments
Secured Loan
24. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index
Savings Register
Personal Allowances
Mortage
Index Fund
25. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.
Statement of Cash Flows
Predatory Lending
Present Value
Interest-Only Loan
26. The date on which a financial obligation must be repaid
Maturity Date
Nonprofit Organization
Income Statement
Par Value
27. Funds that are often times traded through a stock exchange (NYSE)
Deductions
Exchange-Traded Funds
Ownership Investments
Mutual Funds
28. The act of taking out money or other capital
Balance
Insurance
Exchange-Traded Funds
Withdrawal
29. Can be found in a newspaper and shows information about popular stocks.
Maintain
Stock Table
Face Value
Rent
30. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt
Fixed-Rate Loan
Debt Consolidation
Stocks
Stock Table
31. A loan where the payment is acheived through interest
Interest-Only Loan
Predatory Lending
Pension
Savings Account
32. The amount accruing to the corporations owners
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33. Anything that is used to produce goods or services
Tax Liability
Resources
Inflation
Stocks
34. 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
Interest
Stock Exchanges
Saving
35. Limited quantities of resources to meet unlimited wants
W-4
Stock Table
Scarcity
Opportunity Cost
36. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time
Identity Theft
Vesting
Unsecured Loan
Direct Car Loan
37. The period covered by a salary payment
Pay Period
Foreclosure
Stock Table
Shares Outstanding
38. A fixed charge for borrowing money
Wealth Management
Interest
Stock Symbol
Debt Consolidation
39. Short-term and Long-term objectives that are driven by values.
Stock Exchanges
Coverage
Financial Goals
Income Statement
40. The percentage of a sum of money charged for its use
Pay Period
Credit
Interest Rate
Values
41. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Fixed-Rate Loan
Float
Exemption
Face Value
42. The outcome of an event especially as relative to an individual
Scarcity
Stocks
Consequence
Shares Outstanding
43. A bond with zero discounts
Zero-Coupon Bond
Loan Shark
Resources
Stock Exchanges
44. The financial gain (earned or unearned) accruing over a given period of time
Inflation
Estate Planning
Common Stock
Income
45. Place to create a savings account.
Savings Register
Predatory Lending
Stockholders' Equity
Credit
46. The shares available to sell/buy
Beneficiary
Shares Outstanding
Payday Loan
SEC Filings
47. Money paid to a worker
Wage
Living Trust
On-Boarding
Mortage
48. Financial organization that pools people's money and invests it
Mutual Funds
Usury
Cannibalizing assets
Late Fee
49. A debt; something disadvantageous
Balance
Balance Sheet
Liability
Coverage
50. 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
Annual Fee
Bonds
Cannibalizing assets
Debit
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