Test your basic knowledge |

Wealth Management

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. Total assets minus total liabilities






2. The maximum credit that a customer is allowed






3. A general and progressive increase in prices






4. The time interval between the deposit of a check in a bank and its payment






5. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets






6. Give back (tax return)






7. The financial gain (earned or unearned) accruing over a given period of time






8. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid






9. Income on which tax must be paid; total income minus exemptions and deductions






10. The standard IRS form for individual tax returns.






11. The process of making a decision - usually complex






12. Bring into consonance or accord - to agree on terms






13. A person appointed by a testator to carry out the terms of the will






14. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.






15. Simplified IRS tax form which some individuals can file instead of the 1040 form.






16. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received






17. The amount of tax owed






18. Loan where the lender goes through the borrower






19. 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






20. An extra charge for various credit activities such as using an ATM or receiving a cash advance






21. Can be found in a newspaper and shows information about popular stocks.






22. Someone who lends money at excessive rates of interest






23. Shares of ownership in a company






24. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure






25. Savings account that pays market rate or better interest and allows access to funds without penalty.






26. 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






27. Stock other than preferred stock






28. Arrangement for deferred payment for goods and services






29. The act of lending money at an exorbitant rate of interest






30. Short-term and Long-term objectives that are driven by values.






31. 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






32. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money






33. 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






34. An extra charge for various credit activities such as using an ATM or receiving a cash advance






35. Things that incite or spur to action; rewards or reasons for performing a task.






36. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group






37. The recipient of funds or other benefits






38. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail






39. The extent to which something is covered






40. An amount that credit card companies can charge for the use of a credit card.






41. A delay in enforcing rights or claims or privileges






42. 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






43. The percentage of a sum of money charged for its use






44. A record of checks written and deposits made in a checking account - kept by the depositor






45. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.






46. A debt; something disadvantageous






47. An accounting entry acknowledging sums that are owing






48. Prompt payment for goods or services in currency or by check






49. The act of reducing the selling price of merchandise






50. A financial statement that gives operating results for a specific period