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. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index






2. A bank account that accumulates interest






3. A loan that is paid off in a fixed rate over a period of time






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






5. Financial organization that pools people's money and invests it






6. A general and progressive increase in prices






7. The right to take another's property if an obligation is not discharged






8. The outcome of an event especially as relative to an individual






9. The interest rate that a bond issuer will pay to a bondholder






10. The amount of tax owed






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






12. Grant use or occupation of under a term of contract






13. Stock other than preferred stock






14. Place to create a savings account.






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






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






17. The money paid for employee services






18. Someone who has insufficient assets to cover their debts






19. Income before taxes






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






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






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






23. Financial reports that summarize the financial condition and operations of a business






24. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)






25. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)






26. 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






27. 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






28. Electronic Funds Transfer






29. The process of managing one's assets and wealth






30. 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.






31. Money paid to a worker






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






33. A debt; something disadvantageous






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






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






36. A delay in enforcing rights or claims or privileges






37. 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






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






39. The shares available to sell/buy






40. Give back (tax return)






41. A business activity that changes assets - liabilities - or owner's equity






42. Anything that is used to produce goods or services






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






44. A long-term loan extended to someone who buys property






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






46. The value of a security that is set by the company issuing it






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






48. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.






49. An act of economizing






50. Maintain by writing regular records