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 evaluation by a rating company of the probability that a particular bond issue will default






2. The period covered by a salary payment






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






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






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






6. A periodic statement prepared by a bank for each client






7. A legal document declaring a person's wishes regarding the disposal of their property when they die






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






9. The act of reducing the selling price of merchandise






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






11. A financial statement that gives operating results for a specific period






12. Shares of ownership in a company






13. Business organizations that accommodate the buying and selling of securities.






14. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)






15. Production of a certain amount






16. 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.






17. Total assets minus total liabilities






18. 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.






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






20. The extent to which something is covered






21. A share set aside for a specific purpose






22. A loan where the payment is acheived through interest






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






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






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






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






27. An accounting entry acknowledging income or capital items






28. A specific plan for spending your income






29. The shares available to sell/buy






30. The standard IRS form for individual tax returns.






31. The act of reducing the selling price of merchandise






32. A fixed charge for borrowing money






33. Maintain by writing regular records






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






35. The process of making a decision - usually complex






36. The shares available to sell/buy






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






38. A financial statement that gives operating results for a specific period






39. A periodic statement prepared by a bank for each client






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






41. 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






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






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






44. A fixed charge for borrowing money






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






46. A regular payment to a person that iis intended to allow them to subsist without working






47. A specific plan for spending your income






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






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






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