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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. A fixed charge for borrowing money
Values
Interest
Compound Interest
Transfer Payments
2. The act of reducing the selling price of merchandise
Balance Sheet
1040 tax form
Compound Interest
Deduction
3. The amount accruing to the corporations owners
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4. A record of checks written and deposits made in a checking account - kept by the depositor
Financial Needs
Cash
Checkbook Register
Money Market Accounts
5. Loan deal in which the actual lender may not be known to the borrower.
Stock Exchanges
Indirect Car Loan
Liability
Retirement Planning
6. The process of managing one's assets and wealth
Inflation
Payday Loan
Wealth Management
W-4
7. The financial gain (earned or unearned) accruing over a given period of time
Usury
Vesting
Income
Will
8. 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
Exemptions
Balance Sheet
Line of Credit
Consequence
9. The rights of an individual to own - use - rent - invest in - buy - and sell property.
dividends
Property Rights
Will
Bankruptcy
10. A fixed charge for borrowing money
Taxable Income
Trade-off
Interest
Disclosure
11. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
1040 EZ tax form
Probate
Compound Interest
Liability
12. A debt; something disadvantageous
Financial Goals
Stock Symbol
Liability
Transaction
13. Profits paid to investors
Inflation
Phishing
dividends
Resources
14. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.
Interest
Living Trust
Inflation
Pay Period
15. The date on which a financial obligation must be repaid
Loan
Cannibalizing assets
Annual Report
Maturity Date
16. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Preferred Stock
Taxable Income
Stock Symbol
Coupon Rate
17. 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
Financial Goals
Adjustable-Rate Loan
Personal Allowances
Cannibalizing assets
18. The economical needs of an individual
Debit
Premium
Financial Needs
Risk
19. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Shares Outstanding
Loan Shark
Decison-making
Foreclosure
20. The percentage of a sum of money charged for its use
Unsecured Debt
Financial Institution
Incentives
Interest Rate
21. The time interval between the deposit of a check in a bank and its payment
Exchange-Traded Funds
Float
Risk
Beneficiary
22. The maximum credit that a customer is allowed
Annual Report
Line of Credit
Yield
Credit
23. A periodic statement prepared by a bank for each client
Savings Register
Exchange-Traded Funds
Bank Statement
Mutual Funds
24. A regular payment to a person that iis intended to allow them to subsist without working
Pension
Liability
Bond Rating
Transaction
25. A legal document declaring a person's wishes regarding the disposal of their property when they die
Consequence
Stock Exchanges
Will
Personal Allowances
26. 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.
Income Statement
Transfer Payments
Exemptions
Money Market Accounts
27. An institution that issues something (securities or publications or currency etc.)
Financial Institution
Mortage
Reconcile
Issuer
28. A payment given as a guarantee that an obligation will be met
Nonprofit Organization
Deposit
Liability
Stock Table
29. The extent to which something is covered
Allocation
Financial Statements
Debit
Coverage
30. 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
Deductions
Balance
Executor
31. An accounting entry acknowledging income or capital items
Issuer
Income Statement
Index Fund
Credit
32. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Ownership Investments
Direct Car Loan
Total Assets
Rent
33. A bond with zero discounts
Annual Fee
Maturity Date
Zero-Coupon Bond
Exchange-Traded Funds
34. A record of checks written and deposits made in a checking account - kept by the depositor
Savings Register
Bond Rating
Lending Investments
Checkbook Register
35. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Debt Consolidation
Probate
Time value of money
Savings Register
36. Money paid to a worker
Wage
Coupon Rate
On-Boarding
Transaction Fee
37. An accounting entry acknowledging sums that are owing
Net Worth
Debit
Lien
Loan Shark
38. A penalty for making a payment after the due date
Late Fee
Phishing
Compound Interest
Exemption
39. Savings account that pays market rate or better interest and allows access to funds without penalty.
Indirect Car Loan
Loan
Income Statement
Money Market Accounts
40. The extent to which something is covered
Cash
Annual Fee
Coverage
Asset Allocation
41. Short-term and Long-term objectives that are driven by values.
Disclosure
Financial Goals
Tax Liability
Maintain
42. The amount accruing to the corporations owners
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43. Arrangement for deferred payment for goods and services
Good Faith
Time value of money
Ownership Investments
Credit
44. A delay in enforcing rights or claims or privileges
EDGAR
Salary
Forbearance
Float
45. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Usury
Insurance
Fixed-Rate Loan
Total Debt
46. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Coverage
Wage
Money Market Accounts
Profit
47. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
Credit
Values
Pay Period
Time value of money
48. Items of personal interest to collectors that can increase in value in the future
Collectibles
Insolvent
Overdraft protection
Time value of money
49. A tax-deferred investment and savings plan that acts as a personal pension fund for employees
401 K
Usury
Collectibles
Debt Consolidation
50. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index
Index Fund
Pay Period
Common Stock
Living Trust