SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
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. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.
Decison-making
Secured Debt
Foreclosure
Living Trust
2. The extent to which something is covered
Resources
Compound Interest
Saving
Coverage
3. Preparing a plan for transferring property during one's lifetime and at one's death
Estate Planning
Deductions
Usury
Coupon Rate
4. The distribution of investment funds among broad classes of assets.
Liability
Certificates of Deposit
Asset Allocation
I-9
5. Shares of ownership in a company
Cannibalizing assets
Exemptions
Stocks
Stock Exchanges
6. Anything that is used to produce goods or services
Foreclosure
Trade-off
Resources
Financial Institution
7. By planning ahead you can ensure financial stability during your retirement.
Estate Planning
Trade-off
Financial Needs
Retirement Planning
8. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail
On-Boarding
Phishing
Nonprofit Organization
Market Capitalization
9. A bank account that accumulates interest
Savings Account
Indirect Car Loan
Liability
1040 EZ tax form
10. Receiving money for loaning money
Insolvent
Credit
Issuer
Lending Investments
11. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
Retirement Planning
On-Boarding
Certificates of Deposit
Zero-Coupon Bond
12. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time
Insurance
Maturity Date
Tax Liability
Vesting
13. 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
Yield
FICA
Resources
Phishing
14. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index
Index Fund
Salary
Phishing
Lien
15. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Loan Shark
Direct Car Loan
Financial Institution
Rent
16. 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
Return
Income Statement
Bankruptcy
APR
17. The economical needs of an individual
Financial Needs
Debit
Money Market Accounts
Financial Goals
18. A loan in which the rate can be altered to adjust to economical need
Balance Sheet
EDGAR
Personal Allowances
Adjustable-Rate Loan
19. Loan where the lender goes through the borrower
Asset
Annual Fee
Savings Register
Direct Car Loan
20. A person appointed by a testator to carry out the terms of the will
Executor
Common Stock
Stock Symbol
Balance Sheet
21. Money paid to a worker
Financial Goals
Decison-making
Savings Register
Wage
22. Payment for insurance
Premium
Taxable Income
Resources
Return
23. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.
Self-Interest
Opportunity Cost
Payday Loan
Probate
24. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)
Beneficiary
Deposit
Probate
Unsecured Loan
25. 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
Collectibles
Deduction
Liability
Market Capitalization
26. Arrangement for deferred payment for goods and services
Statement of Cash Flows
Credit
Financial Institution
Tax Liability
27. Place to create a savings account.
Transfer Payments
Market Capitalization
Savings Register
Beneficiary
28. 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.
W-4
Incentives
Net Worth
I-9
29. The maximum credit that a customer is allowed
Asset
Line of Credit
Asset Allocation
W-4
30. The process of making a decision - usually complex
Decison-making
Probate
EDGAR
Expenses
31. The right to take another's property if an obligation is not discharged
Lien
Liability
Balance Sheet
Probate
32. The money(usually a set amount) given to an individual to spend
Personal Allowances
Withdrawal
Debt Consolidation
Money Market Accounts
33. Diagnosis Codes (in CCB Popup if more then 5 codes)
I-9
Pension
W-4
EDGAR
34. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
On-Boarding
W-4
1040 EZ tax form
EFT
35. Funds that are often times traded through a stock exchange (NYSE)
Time value of money
Resources
Securities
Exchange-Traded Funds
36. Income before taxes
Mortage
Bond Rating
Scarcity
Gross Income
37. The process of making a decision - usually complex
Mutual Funds
Decison-making
Nonprofit Organization
FICA
38. Electronic Funds Transfer
EFT
Insolvent
Liability
Debit
39. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Direct Car Loan
Salary
Total Assets
FICA
40. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Preferred Stock
Net Income
Living Trust
Forbearance
41. A venture undertaken without regard to possible loss or injury
Adjusted Gross Income
Par Value
Risk
Net Income
42. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Liability
Unsecured Debt
Foreclosure
Wealth Management
43. The maximum credit that a customer is allowed
Unsecured Debt
Line of Credit
Stocks
Return
44. Having honest intentions
Financial Institution
Zero-Coupon Bond
Good Faith
Exemptions
45. The financial gain (earned or unearned) accruing over a given period of time
Face Value
Income
Billing Statement
Money Market Accounts
46. The outcome of an event especially as relative to an individual
Unsecured Debt
Pension
Financial Institution
Consequence
47. A yearly statement of the financial condition - progress - and expectations of an organization
Lending Investments
Securities
Profit
Annual Report
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.
Saving
Wealth Management
Mutual Funds
Transfer Payments
49. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)
Incentives
Bonds
Insurance
Unsecured Loan
50. Someone who has insufficient assets to cover their debts
Personal Allowances
Insolvent
Cannibalizing assets
Financial Goals