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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 maximum credit that a customer is allowed
Line of Credit
Probate
Interest-Only Loan
Financial Goals
2. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)
Pay Period
Adjusted Gross Income
Exchange-Traded Funds
Unsecured Loan
3. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Bank Statement
Certificates of Deposit
Total Debt
Exemption
4. The act of reducing the selling price of merchandise
Deduction
Debit
Unsecured Debt
Stockholders' Equity
5. Interest calculated on both the principal and the accrued interest
Total Assets
EFT
Adjustable-Rate Loan
Compound Interest
6. Grant use or occupation of under a term of contract
Vesting
On-Boarding
Identity Theft
Rent
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.
Statement of Cash Flows
Liability
W-4
Saving
8. A debt; something disadvantageous
Liability
Saving
Exemptions
Consequence
9. A person appointed by a testator to carry out the terms of the will
Zero-Coupon Bond
Bond Rating
Executor
Risk
10. Savings account that pays market rate or better interest and allows access to funds without penalty.
Consequence
Money Market Accounts
Lien
Secured Debt
11. The act of reducing the selling price of merchandise
Unsecured Loan
Deduction
Distribution
Direct Car Loan
12. A share set aside for a specific purpose
Profit
Lending Investments
Allocation
1040 tax form
13. Anything that is used to produce goods or services
Usury
Index Fund
Resources
Nonprofit Organization
14. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received
SEC Filings
EDGAR
Compound Interest
Net Income
15. Concern for ones own well being and advantages
Financial Institution
Secured Debt
Stocks
Self-Interest
16. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time
Reconcile
Adjusted Gross Income
Vesting
Securities
17. 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.
Personal Budget
Debt Consolidation
Savings Register
W-4
18. A venture undertaken without regard to possible loss or injury
Asset
Risk
Market Capitalization
Saving
19. Protection against future loss
Salary
Financial Statements
Exemptions
Insurance
20. Production of a certain amount
Exemption
Phishing
Yield
Index Fund
21. Financial organization that pools people's money and invests it
Mutual Funds
Par Value
Nonprofit Organization
Deduction
22. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Exemption
Stock Symbol
Maintain
Property Rights
23. Income before taxes
Profit
Disclosure
Taxable Income
Gross Income
24. 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
Identity Theft
Lending Investments
Estate Planning
25. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Credit
Bankruptcy
Balance
Foreclosure
26. The amount accruing to the corporations owners
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27. The rights of an individual to own - use - rent - invest in - buy - and sell property.
Property Rights
Stock Exchanges
Debit
EDGAR
28. A specific plan for spending your income
SEC Filings
Asset
Shares Outstanding
Personal Budget
29. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Time value of money
Trade-off
Direct Car Loan
Investing
30. Electronic Funds Transfer
Unsecured Debt
Par Value
Stock Table
EFT
31. Interest calculated on both the principal and the accrued interest
Transaction Fee
Rent
Salary
Compound Interest
32. 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
401 K
Executor
Coupon Rate
Identity Theft
33. Bring into consonance or accord - to agree on terms
Pay Period
Liability
Savings Register
Reconcile
34. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
Billing Statement
dividends
Compound Interest
Loan Shark
35. The standard IRS form for individual tax returns.
Personal Allowances
Exchange-Traded Funds
Reconcile
1040 tax form
36. The period covered by a salary payment
Collectibles
Mutual Funds
Pay Period
Foreclosure
37. Compute credits and debits of an account
Balance
Risk
Financial Statements
Deductible
38. Can be found in a newspaper and shows information about popular stocks.
Bond Rating
Stock Table
Pay Period
Financial Needs
39. The maximum credit that a customer is allowed
Ownership Investments
Line of Credit
Mutual Funds
Transfer Payments
40. Compute credits and debits of an account
Balance
Deduction
Issuer
Personal Allowances
41. The distribution of investment funds among broad classes of assets.
Billing Statement
Index Fund
Asset Allocation
Direct Car Loan
42. A delay in enforcing rights or claims or privileges
Cannibalizing assets
Forbearance
Savings Register
Foreclosure
43. Protection against future loss
Insurance
Rent
Exemptions
Beneficiary
44. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail
Adjustable-Rate Loan
Phishing
Stocks
Wealth Management
45. Savings account that pays market rate or better interest and allows access to funds without penalty.
Bankruptcy
Money Market Accounts
Self-Interest
Cannibalizing assets
46. The financial gain (earned or unearned) accruing over a given period of time
Income
Savings Account
Interest Rate
Total Debt
47. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
Coupon Rate
Values
Financial Needs
Income Statement
48. The shares available to sell/buy
Shares Outstanding
Reconcile
Overdraft protection
Insolvent
49. The interest rate that a bond issuer will pay to a bondholder
Identity Theft
Coupon Rate
Money Market Accounts
Identity Theft
50. Someone who has insufficient assets to cover their debts
Secured Loan
Insolvent
1040 EZ tax form
Deposit