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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. Money paid to a worker
Wage
Premium
Net Income
Bankruptcy
2. 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.
Forbearance
Usury
Probate
Predatory Lending
3. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Present Value
Certificates of Deposit
Return
Transaction Fee
4. Limited quantities of resources to meet unlimited wants
Scarcity
Disclosure
Debit
Interest-Only Loan
5. This stands for annual percentage rate - which is a number calculated by taking into account the total cost of the loan - including what the borrower will pay in interest; this makes it easier to compare different loan offers
Maintain
Time value of money
Loan
APR
6. 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.
Deduction
Maintain
Line of Credit
Secured Debt
7. Financial organization that pools people's money and invests it
Mutual Funds
Premium
Savings Register
Financial Institution
8. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Adjustable-Rate Loan
Preferred Stock
Annual Report
Transfer Payments
9. Anything that is used to produce goods or services
Bonds
Opportunity Cost
Resources
Adjusted Gross Income
10. A business activity that changes assets - liabilities - or owner's equity
Savings Register
Liability
Personal Allowances
Transaction
11. The money(usually a set amount) given to an individual to spend
Statement of Cash Flows
Insolvent
Premium
Personal Allowances
12. Financial reports that summarize the financial condition and operations of a business
Financial Statements
Time value of money
Loan Shark
Will
13. Total assets minus total liabilities
Net Worth
Float
Adjustable-Rate Loan
FICA
14. Stock other than preferred stock
Float
Transfer Payments
Common Stock
Exemption
15. Can be found in a newspaper and shows information about popular stocks.
Installment Loan
Financial Statements
Withdrawal
Stock Table
16. Something of value; a resource; an advantage
Probate
Total Debt
Unsecured Loan
Asset
17. The rights of an individual to own - use - rent - invest in - buy - and sell property.
Mutual Funds
Property Rights
Balance
Mutual Funds
18. Institution that functions much like a business - but does not operate for the purpose of generating profits
Financial Goals
Checkbook Register
Nonprofit Organization
Market Capitalization
19. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail
Property Rights
Phishing
FICA
Stockholders' Equity
20. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Nonprofit Organization
On-Boarding
Distribution
Bankruptcy
21. A bond with zero discounts
Foreclosure
Stockholders' Equity
Allocation
Zero-Coupon Bond
22. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Bank Statement
Phishing
Maturity Date
Preferred Stock
23. The shares available to sell/buy
Shares Outstanding
Return
Present Value
Checkbook Register
24. The commercial activity of transporting and selling goods from a producer to a consumer
Disclosure
Distribution
Bank Statement
Payday Loan
25. The economical needs of an individual
Financial Needs
Self-Interest
Annual Report
I-9
26. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Deductible
Certificates of Deposit
Predatory Lending
Tax Liability
27. An institution that issues something (securities or publications or currency etc.)
Mutual Funds
Issuer
Balance
Compound Interest
28. 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.
Secured Debt
Issuer
Fixed-Rate Loan
Insurance
29. An evaluation by a rating company of the probability that a particular bond issue will default
Exchange-Traded Funds
Indirect Car Loan
Bond Rating
Deductions
30. A debt not backed by specific property to satisfy the indebtedness in case of default.
Resources
Executor
Stock Exchanges
Unsecured Debt
31. 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.
Rent
Maturity Date
W-4
Mutual Funds
32. 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.
Scarcity
Identity Theft
Resources
Transfer Payments
33. Things that incite or spur to action; rewards or reasons for performing a task.
Asset Allocation
Interest-Only Loan
Trade-off
Incentives
34. Place to create a savings account.
Net Worth
Savings Register
Adjustable-Rate Loan
On-Boarding
35. A general and progressive increase in prices
On-Boarding
Inflation
401 K
Present Value
36. A financial statement that gives operating results for a specific period
Transaction Fee
Installment Loan
Income Statement
1040 EZ tax form
37. Total assets minus total liabilities
Net Worth
1040 tax form
On-Boarding
Payday Loan
38. Diagnosis Codes (in CCB Popup if more then 5 codes)
Lien
Securities
Statement of Cash Flows
I-9
39. Can be found in a newspaper and shows information about popular stocks.
Will
Gross Income
Stock Table
Will
40. Financial organization that pools people's money and invests it
Forbearance
Allocation
Interest-Only Loan
Mutual Funds
41. The outcome of an event especially as relative to an individual
Probate
Rent
Consequence
Income Statement
42. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time
Line of Credit
Usury
Vesting
Interest-Only Loan
43. The period covered by a salary payment
Collectibles
Pay Period
Decison-making
Coverage
44. A fixed charge for borrowing money
Interest
Savings Account
Pay Period
Investing
45. The apparent worth as opposed to the real worth
Lien
Face Value
Coupon Rate
Total Debt
46. 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
Stock Table
Insurance
Financial Institution
Identity Theft
47. A loan in which the rate can be altered to adjust to economical need
Financial Statements
Adjustable-Rate Loan
Financial Statements
Phishing
48. Payment for insurance
Bank Statement
Pay Period
Premium
Balance
49. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time
Rent
Interest Rate
APR
Vesting
50. A periodic statement prepared by a bank for each client
Bank Statement
Lending Investments
Wealth Management
Investing