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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. The process of making a decision - usually complex
Decison-making
Statement of Cash Flows
Exchange-Traded Funds
FICA
2. A specific plan for spending your income
Personal Budget
Estate Planning
Reconcile
Insolvent
3. 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.
Decison-making
Coupon Rate
Mortage
Predatory Lending
4. Money paid to a worker
Late Fee
Wage
Zero-Coupon Bond
Debt Consolidation
5. All costs or bills related to the business
Annual Report
Values
Deductible
Expenses
6. Items of personal interest to collectors that can increase in value in the future
Exemptions
Interest Rate
Statement of Cash Flows
Collectibles
7. An amount that credit card companies can charge for the use of a credit card.
Foreclosure
Liability
Annual Fee
Exemption
8. A yearly statement of the financial condition - progress - and expectations of an organization
Cash
Financial Needs
Annual Report
Preferred Stock
9. Financial organization that pools people's money and invests it
Debt Consolidation
401 K
Mutual Funds
FICA
10. A penalty for making a payment after the due date
Interest
Opportunity Cost
401 K
Late Fee
11. Something that is made open or revealed
Disclosure
Line of Credit
Balance
Withdrawal
12. Grant use or occupation of under a term of contract
Rent
Time value of money
Profit
Securities
13. A record of checks written and deposits made in a checking account - kept by the depositor
Yield
Checkbook Register
Debt Consolidation
Net Worth
14. The maximum credit that a customer is allowed
Expenses
Line of Credit
Distribution
FICA
15. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Foreclosure
Allocation
Personal Budget
Face Value
16. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)
Tax Liability
Savings Register
Usury
Unsecured Loan
17. Financial reports that summarize the financial condition and operations of a business
Face Value
Balance Sheet
Overdraft protection
Financial Statements
18. The period covered by a salary payment
Stock Symbol
Income Statement
Asset Allocation
Pay Period
19. An act of economizing
Present Value
Investing
Saving
Vesting
20. The amount accruing to the corporations owners
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21. Something that is made open or revealed
Disclosure
Wage
Premium
Indirect Car Loan
22. Bring into consonance or accord - to agree on terms
Reconcile
Preferred Stock
Retirement Planning
Transaction
23. Institution that functions much like a business - but does not operate for the purpose of generating profits
Certificates of Deposit
Billing Statement
Line of Credit
Nonprofit Organization
24. 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.
Interest-Only Loan
Transfer Payments
Line of Credit
Self-Interest
25. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt
Collectibles
Loan
Preferred Stock
Debt Consolidation
26. A loan where the payment is acheived through interest
Executor
Wealth Management
Asset Allocation
Interest-Only Loan
27. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Coupon Rate
Billing Statement
Identity Theft
Securities
28. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
Reconcile
On-Boarding
Premium
Maturity Date
29. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
Insolvent
Lending Investments
Deductible
Values
30. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.
Bonds
Retirement Planning
Living Trust
Expenses
31. A loan that is paid off in a fixed rate over a period of time
Fixed-Rate Loan
Transfer Payments
Liability
Payday Loan
32. Electronic Funds Transfer
EFT
Withdrawal
Vesting
Face Value
33. The value of a security that is set by the company issuing it
Par Value
Balance Sheet
Property Rights
Mutual Funds
34. A periodic statement prepared by a bank for each client
Bank Statement
Total Debt
Line of Credit
Asset Allocation
35. A financial statement that gives operating results for a specific period
Forbearance
Loan Shark
FICA
Income Statement
36. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
Balance
Secured Debt
Statement of Cash Flows
On-Boarding
37. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Financial Institution
Transaction
On-Boarding
Adjusted Gross Income
38. An automatic loan made to you if you write a check for more money than you have in your account
Ownership Investments
Annual Report
Property Rights
Overdraft protection
39. A general and progressive increase in prices
Direct Car Loan
Interest-Only Loan
Inflation
Coverage
40. 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.
Bankruptcy
Billing Statement
Secured Debt
Vesting
41. 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.
Retirement Planning
Liability
Investing
W-4
42. By planning ahead you can ensure financial stability during your retirement.
Savings Account
Present Value
Retirement Planning
EDGAR
43. Place to create a savings account.
Consequence
Savings Register
Deductible
Will
44. A penalty for making a payment after the due date
Financial Goals
Late Fee
Distribution
Yield
45. The apparent worth as opposed to the real worth
Loan
1040 EZ tax form
Face Value
Annual Fee
46. 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
FICA
Zero-Coupon Bond
Stockholders' Equity
Asset Allocation
47. Maintain by writing regular records
Maintain
EFT
Ownership Investments
EFT
48. 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
FICA
Shares Outstanding
Good Faith
Debit
49. 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
Mutual Funds
Net Income
Wealth Management
50. The money(usually a set amount) given to an individual to spend
Personal Allowances
Payday Loan
Distribution
Line of Credit