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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. 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
Market Capitalization
Wealth Management
SEC Filings
Total Debt
2. Someone who lends money at excessive rates of interest
Self-Interest
Executor
Loan Shark
Bankruptcy
3. Financial organization that pools people's money and invests it
Scarcity
Overdraft protection
Mutual Funds
Coverage
4. 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.
Transfer Payments
Interest Rate
Late Fee
Salary
5. Place to create a savings account.
Unsecured Loan
Savings Register
Annual Fee
Pay Period
6. Income on which tax must be paid; total income minus exemptions and deductions
Taxable Income
Total Assets
Collectibles
Income
7. A specific plan for spending your income
Insurance
Income Statement
Deductible
Personal Budget
8. Money paid to a worker
Total Debt
Pay Period
Wage
Living Trust
9. The money paid for employee services
I-9
Good Faith
Financial Needs
Salary
10. 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
Foreclosure
Adjusted Gross Income
Cannibalizing assets
Mortage
11. The fee - expressed as a percentage - a borrower owes for the use of a creditor's money. At an interest rate of 10% - a borrower would pay $110 for $100 borrowed.
Interest Rate
Deductions
Billing Statement
Indirect Car Loan
12. The percentage of a sum of money charged for its use
Interest Rate
Maturity Date
Risk
Issuer
13. A loan in which the rate can be altered to adjust to economical need
Return
Adjustable-Rate Loan
Coverage
Total Assets
14. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index
Index Fund
Wealth Management
Cannibalizing assets
Retirement Planning
15. A periodic statement prepared by a bank for each client
Personal Allowances
Risk
Investing
Bank Statement
16. All costs or bills related to the business
Interest Rate
Savings Register
Stock Table
Expenses
17. 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
Pension
Maintain
Property Rights
18. The money(usually a set amount) given to an individual to spend
Personal Allowances
Foreclosure
Exemption
Estate Planning
19. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
Balance Sheet
Time value of money
Liability
Fixed-Rate Loan
20. A loan backed by something valuable - such as property
Secured Loan
Financial Institution
Direct Car Loan
Taxable Income
21. A business activity that changes assets - liabilities - or owner's equity
Zero-Coupon Bond
Collectibles
Transaction
Nonprofit Organization
22. Income before taxes
Gross Income
Secured Loan
Nonprofit Organization
APR
23. The outcome of an event especially as relative to an individual
Certificates of Deposit
Inflation
Liability
Consequence
24. Grant use or occupation of under a term of contract
Phishing
Will
Rent
Premium
25. Preparing a plan for transferring property during one's lifetime and at one's death
Mutual Funds
Transfer Payments
Estate Planning
Mutual Funds
26. Loan deal in which the actual lender may not be known to the borrower.
I-9
Indirect Car Loan
Income Statement
Bonds
27. The amount accruing to the corporations owners
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28. An amount that credit card companies can charge for the use of a credit card.
Pension
Wage
Annual Fee
Interest
29. Electronic Data Gathering Analysis and Retrieval - the electronic system used by the SEC to enable investors to search electronically for financial reports filed by individual companies
Incentives
EDGAR
Insolvent
Savings Register
30. Stock other than preferred stock
Insurance
Stock Exchanges
Common Stock
Identity Theft
31. An act of economizing
Saving
Scarcity
Insolvent
Pension
32. A loan where the payment is acheived through interest
Interest-Only Loan
SEC Filings
Secured Loan
1040 tax form
33. Money paid to a worker
On-Boarding
Shares Outstanding
Debt Consolidation
Wage
34. The process of making a decision - usually complex
Decison-making
Deductions
Bank Statement
Living Trust
35. The act of lending money at an exorbitant rate of interest
dividends
Personal Allowances
Usury
Premium
36. 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
I-9
Pay Period
Identity Theft
Insurance
37. A legal document declaring a person's wishes regarding the disposal of their property when they die
EDGAR
Will
Resources
Shares Outstanding
38. Protection against future loss
Deduction
Forbearance
Insurance
Bond Rating
39. Give back (tax return)
W-4
Return
Bond Rating
Deposit
40. The process of making a decision - usually complex
Financial Needs
Executor
Issuer
Decison-making
41. A person appointed by a testator to carry out the terms of the will
Decison-making
Interest Rate
Executor
Wage
42. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
Billing Statement
Credit
Phishing
Beneficiary
43. Receiving money for loaning money
Float
Lending Investments
Loan
Premium
44. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)
Executor
Unsecured Loan
W-4
Premium
45. Someone who has insufficient assets to cover their debts
Direct Car Loan
Retirement Planning
Insolvent
Salary
46. A penalty for making a payment after the due date
Profit
Late Fee
Transaction Fee
Nonprofit Organization
47. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received
Net Income
Estate Planning
Good Faith
FICA
48. Financial organization that pools people's money and invests it
Stock Table
Money Market Accounts
Mutual Funds
Nonprofit Organization
49. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Total Assets
Wage
Property Rights
Withdrawal
50. Diagnosis Codes (in CCB Popup if more then 5 codes)
Scarcity
I-9
Loan Shark
Mortage