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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. Shares of ownership in a company
Mutual Funds
Bank Statement
Net Income
Stocks
2. Maintain by writing regular records
Transaction Fee
W-4
Maintain
Wage
3. 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
Billing Statement
Credit
Coupon Rate
4. Total assets minus total liabilities
Net Worth
FICA
APR
Deduction
5. The apparent worth as opposed to the real worth
W-4
Exemption
Face Value
Personal Allowances
6. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
Taxable Income
Values
Annual Report
Will
7. A debt not backed by specific property to satisfy the indebtedness in case of default.
Retirement Planning
Income Statement
Saving
Unsecured Debt
8. A specific plan for spending your income
Adjustable-Rate Loan
Personal Budget
Statement of Cash Flows
Loan
9. The period covered by a salary payment
Exemption
Rent
Vesting
Pay Period
10. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Deductible
Taxable Income
Time value of money
Coverage
11. 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
Identity Theft
Consequence
Personal Allowances
Disclosure
12. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
Liability
Values
Mutual Funds
Transfer Payments
13. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Living Trust
Saving
Mutual Funds
Time value of money
14. Profits paid to investors
Collectibles
W-4
Lien
dividends
15. Financial reports that summarize the financial condition and operations of a business
Bonds
Allocation
Financial Statements
Identity Theft
16. 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.
Overdraft protection
Scarcity
Bank Statement
Secured Debt
17. The amount of tax owed
Tax Liability
Statement of Cash Flows
Annual Fee
Balance Sheet
18. Limited quantities of resources to meet unlimited wants
Exemption
Preferred Stock
Scarcity
Stockholders' Equity
19. The financial gain (earned or unearned) accruing over a given period of time
Personal Allowances
Income
Good Faith
Forbearance
20. Certificates that represent money the government has borrowed from private citizens
Credit
Living Trust
Stock Symbol
Bonds
21. Is your gross income after certain reductions have been made
Decison-making
Adjusted Gross Income
Values
Profit
22. The financial gain (earned or unearned) accruing over a given period of time
Net Income
Financial Institution
Profit
Income
23. Electronic Funds Transfer
EFT
Interest
Overdraft protection
Insolvent
24. 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
Transaction Fee
Debt Consolidation
EDGAR
Installment Loan
25. An evaluation by a rating company of the probability that a particular bond issue will default
Exemptions
Bond Rating
APR
Personal Budget
26. A loan backed by something valuable - such as property
Stock Symbol
Secured Loan
Lien
Profit
27. Payment for insurance
Fixed-Rate Loan
Premium
Par Value
Total Debt
28. Preparing a plan for transferring property during one's lifetime and at one's death
Saving
401 K
Risk
Estate Planning
29. Income on which tax must be paid; total income minus exemptions and deductions
1040 EZ tax form
Will
Fixed-Rate Loan
Taxable Income
30. Bring into consonance or accord - to agree on terms
Reconcile
Lending Investments
Coverage
Market Capitalization
31. 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
Interest
Beneficiary
Debit
Cannibalizing assets
32. A fixed charge for borrowing money
Direct Car Loan
Loan Shark
Interest
Savings Account
33. Whatever must be given up to obtain some item
Decison-making
Zero-Coupon Bond
Stockholders' Equity
Opportunity Cost
34. The rights of an individual to own - use - rent - invest in - buy - and sell property.
Property Rights
Savings Register
Credit
On-Boarding
35. Something of value; a resource; an advantage
Par Value
Taxable Income
EFT
Asset
36. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Total Debt
Asset Allocation
Common Stock
Unsecured Debt
37. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Probate
Unsecured Loan
Stockholders' Equity
FICA
38. A payment given as a guarantee that an obligation will be met
Deposit
Installment Loan
Financial Needs
Fixed-Rate Loan
39. A regular payment to a person that iis intended to allow them to subsist without working
Pension
Wage
Checkbook Register
Phishing
40. Funds that are often times traded through a stock exchange (NYSE)
Scarcity
Exchange-Traded Funds
Bonds
Risk
41. A loan where the payment is acheived through interest
Time value of money
Interest-Only Loan
Transfer Payments
Mortage
42. Something of value; a resource; an advantage
Float
Compound Interest
Distribution
Asset
43. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt
Financial Statements
Debt Consolidation
Coverage
Allocation
44. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Beneficiary
Installment Loan
EDGAR
Stock Symbol
45. A delay in enforcing rights or claims or privileges
Forbearance
Bonds
Personal Allowances
W-4
46. Someone who has insufficient assets to cover their debts
Ownership Investments
Cash
Financial Needs
Insolvent
47. By planning ahead you can ensure financial stability during your retirement.
Zero-Coupon Bond
Wealth Management
Retirement Planning
Total Debt
48. The interest rate that a bond issuer will pay to a bondholder
Coupon Rate
Zero-Coupon Bond
Tax Liability
Premium
49. The distribution of investment funds among broad classes of assets.
Asset Allocation
Will
W-4
Transfer Payments
50. The money(usually a set amount) given to an individual to spend
Deposit
Coupon Rate
Personal Allowances
Foreclosure