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






2. A general and progressive increase in prices






3. 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






4. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time






5. Receiving money for loaning money






6. The commercial activity of transporting and selling goods from a producer to a consumer






7. A specific plan for spending your income






8. A legal document declaring a person's wishes regarding the disposal of their property when they die






9. 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






10. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.






11. Receiving money for loaning money






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






13. A venture undertaken without regard to possible loss or injury






14. A bond with zero discounts






15. Programs aimed at helping employees integrate - assimilate - and transition to new jobs






16. An accounting entry acknowledging income or capital items






17. Protection against future loss






18. Diagnosis Codes (in CCB Popup if more then 5 codes)






19. A debt not backed by specific property to satisfy the indebtedness in case of default.






20. All costs or bills related to the business






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






22. Maintain by writing regular records






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






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






25. 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






26. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt






27. Beliefs of a person or social group in which they have an emotional investment (either for or against something)






28. 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.






29. Someone who has insufficient assets to cover their debts






30. A tax-deferred investment and savings plan that acts as a personal pension fund for employees






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






32. Someone who lends money at excessive rates of interest






33. The distribution of investment funds among broad classes of assets.






34. Limited quantities of resources to meet unlimited wants






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






36. Protection against future loss






37. Shares of ownership in a company






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






39. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements






40. The extent to which something is covered






41. An accounting entry acknowledging income or capital items






42. An exchange that occurs as a compromise






43. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default






44. 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.






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






46. A periodic statement prepared by a bank for each client






47. A bank account that accumulates interest






48. The maximum credit that a customer is allowed






49. The money paid for employee services






50. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.







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Can you answer 50 questions in 15 minutes?


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