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. The amount accruing to the corporations owners

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2. Loan deal in which the actual lender may not be known to the borrower.






3. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month






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






5. Profits paid to investors






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






7. Something that is made open or revealed






8. Place to create a savings account.






9. A loan in which the rate can be altered to adjust to economical need






10. An act of economizing






11. 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






12. Anything that is used to produce goods or services






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






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






15. Savings account that pays market rate or better interest and allows access to funds without penalty.






16. A bank account that accumulates interest






17. A general and progressive increase in prices






18. An amount of money given to the borrower for a set period of time. After the set time has passed - the money must be paid back plus the lending fee - called interest. Payments are normally made over a series of months.






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






20. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail






21. An accounting entry acknowledging sums that are owing






22. The period covered by a salary payment






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






24. 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






25. The extent to which something is covered






26. An evaluation by a rating company of the probability that a particular bond issue will default






27. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy






28. 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.






29. Payment for insurance






30. Anything that is used to produce goods or services






31. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy






32. The shares available to sell/buy






33. The process of making a decision - usually complex






34. Funds that are often times traded through a stock exchange (NYSE)






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






36. Is your gross income after certain reductions have been made






37. An amount of money given to the borrower for a set period of time. After the set time has passed - the money must be paid back plus the lending fee - called interest. Payments are normally made over a series of months.






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






39. The date on which a financial obligation must be repaid






40. The amount of tax owed






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






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






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






44. Arrangement for deferred payment for goods and services






45. Income on which tax must be paid; total income minus exemptions and deductions






46. Receiving money for loaning money






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






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






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






50. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month