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Test your basic knowledge |
Wealth Management
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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 deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Maturity Date
Exemption
Cannibalizing assets
Stock Exchanges
2. Place to create a savings account.
Savings Register
Annual Fee
Expenses
Pension
3. The distribution of investment funds among broad classes of assets.
Asset Allocation
Profit
Common Stock
Estate Planning
4. Give back (tax return)
Predatory Lending
Collectibles
Return
Liability
5. The commercial activity of transporting and selling goods from a producer to a consumer
Float
Estate Planning
Distribution
Allocation
6. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.
Stock Table
SEC Filings
Taxable Income
Shares Outstanding
7. 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.
Checkbook Register
Collectibles
Consequence
W-4
8. A fixed charge for borrowing money
Transfer Payments
Interest
Retirement Planning
Scarcity
9. The rights of an individual to own - use - rent - invest in - buy - and sell property.
Property Rights
Loan
Net Worth
Bond Rating
10. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Exemptions
1040 EZ tax form
Stock Symbol
Decison-making
11. An act of economizing
Transaction
Estate Planning
Decison-making
Saving
12. Certificates that represent money the government has borrowed from private citizens
Bonds
Trade-off
Allocation
Rent
13. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt
Income
Money Market Accounts
Float
Debt Consolidation
14. The apparent worth as opposed to the real worth
Bond Rating
Coverage
Face Value
Balance
15. Items of personal interest to collectors that can increase in value in the future
Consequence
Common Stock
Financial Needs
Collectibles
16. Bring into consonance or accord - to agree on terms
Financial Institution
Financial Goals
Reconcile
Balance
17. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
Insurance
Balance Sheet
Statement of Cash Flows
FICA
18. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
On-Boarding
Property Rights
Financial Statements
1040 tax form
19. A payment given as a guarantee that an obligation will be met
Deposit
Cash
Property Rights
Withdrawal
20. The act of reducing the selling price of merchandise
Deduction
Secured Debt
Stockholders' Equity
Credit
21. A delay in enforcing rights or claims or privileges
Property Rights
Certificates of Deposit
Forbearance
Market Capitalization
22. Interest calculated on both the principal and the accrued interest
Compound Interest
Liability
Nonprofit Organization
1040 EZ tax form
23. A periodic statement prepared by a bank for each client
Maintain
Payday Loan
Bank Statement
Lien
24. A general and progressive increase in prices
Personal Allowances
Inflation
Phishing
Par Value
25. Someone who has insufficient assets to cover their debts
Estate Planning
Usury
Insolvent
Return
26. An accounting entry acknowledging sums that are owing
Debit
Coverage
Interest
Taxable Income
27. Compute credits and debits of an account
Liability
Debit
Mutual Funds
Balance
28. A legal document declaring a person's wishes regarding the disposal of their property when they die
Will
Expenses
Foreclosure
Taxable Income
29. Prompt payment for goods or services in currency or by check
Salary
Investing
Cash
I-9
30. The amount accruing to the corporations owners
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31. The maximum credit that a customer is allowed
Payday Loan
Foreclosure
Asset Allocation
Line of Credit
32. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
Secured Loan
Values
Adjustable-Rate Loan
Mortage
33. The maximum credit that a customer is allowed
Line of Credit
Risk
Savings Register
Retirement Planning
34. A general and progressive increase in prices
On-Boarding
Certificates of Deposit
Inflation
Will
35. All costs or bills related to the business
Disclosure
Loan Shark
Expenses
Vesting
36. A payment given as a guarantee that an obligation will be met
Net Worth
Deposit
Wage
Balance
37. A long-term loan extended to someone who buys property
Checkbook Register
Mortage
Loan Shark
Personal Allowances
38. Something of value; a resource; an advantage
Present Value
Deductible
Asset
SEC Filings
39. A loan in which the rate can be altered to adjust to economical need
Deduction
Interest-Only Loan
Adjustable-Rate Loan
Debit
40. 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
FICA
Incentives
APR
Stock Symbol
41. Grant use or occupation of under a term of contract
Rent
Total Assets
Interest Rate
Maturity Date
42. 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
Cannibalizing assets
Gross Income
Bond Rating
Values
43. The recipient of funds or other benefits
Beneficiary
Insolvent
Debt Consolidation
Market Capitalization
44. Anything that is used to produce goods or services
Preferred Stock
Deposit
Resources
Unsecured Debt
45. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Bankruptcy
Bond Rating
Bonds
Time value of money
46. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Savings Account
Wage
Checkbook Register
Exemption
47. The act of lending money at an exorbitant rate of interest
Transfer Payments
Cannibalizing assets
Usury
Face Value
48. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Probate
Mutual Funds
Executor
Retirement Planning
49. An evaluation by a rating company of the probability that a particular bond issue will default
Income Statement
Loan
Bond Rating
Expenses
50. The process of making a decision - usually complex
Financial Needs
Resources
Lien
Decison-making
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