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. The shares available to sell/buy






2. Profits paid to investors






3. Production of a certain amount






4. The act of taking out money or other capital






5. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.






6. A fixed charge for borrowing money






7. The maximum credit that a customer is allowed






8. Protection against future loss






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






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






11. The extent to which something is covered






12. The financial gain (earned or unearned) accruing over a given period of time






13. Something that is made open or revealed






14. A record of checks written and deposits made in a checking account - kept by the depositor






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






16. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.






17. 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






18. Items of personal interest to collectors that can increase in value in the future






19. An accounting entry acknowledging income or capital items






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






21. An exchange that occurs as a compromise






22. Loan where the lender goes through the borrower






23. Electronic Funds Transfer






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






25. The amount of tax owed






26. Making money for owning something






27. Interest calculated on both the principal and the accrued interest






28. The recipient of funds or other benefits






29. The money(usually a set amount) given to an individual to spend






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






31. Short for Federal Insurance Contributions Act - the name given on the paycheck stub for Social Security and Medicare taxes. The employee pays some of the FICA tax - and and the employer pays some of this tax for each employee. Social Security pays be






32. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month






33. 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.






34. The amount accruing to the corporations owners

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






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






37. Give back (tax return)






38. The standard IRS form for individual tax returns.






39. Preparing a plan for transferring property during one's lifetime and at one's death






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






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






42. A loan in which the rate can be altered to adjust to economical need






43. Money paid to a worker






44. A debt; something disadvantageous






45. The money paid for employee services






46. 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






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






48. Cash payments made by the government to people who do not supply goods - services - or labor in exchange for these payments. They include Social Security benefits - veterans' benefits - and welfare payments.






49. Whatever must be given up to obtain some item






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