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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. Prompt payment for goods or services in currency or by check
Living Trust
On-Boarding
Cannibalizing assets
Cash
2. By planning ahead you can ensure financial stability during your retirement.
Retirement Planning
Pension
Unsecured Debt
Distribution
3. A general and progressive increase in prices
Inflation
Values
Nonprofit Organization
Statement of Cash Flows
4. The commercial activity of transporting and selling goods from a producer to a consumer
Wealth Management
Loan Shark
Distribution
Rent
5. Shares of ownership in a company
Insolvent
Secured Debt
Issuer
Stocks
6. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.
SEC Filings
Coupon Rate
I-9
Asset
7. Someone who has insufficient assets to cover their debts
Credit
Secured Debt
Insolvent
Bonds
8. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.
Cash
Gross Income
Statement of Cash Flows
Line of Credit
9. The act of lending money at an exorbitant rate of interest
Secured Debt
Checkbook Register
Usury
Asset
10. Stock other than preferred stock
Stock Exchanges
Investing
Common Stock
Decison-making
11. Institution that functions much like a business - but does not operate for the purpose of generating profits
Nonprofit Organization
Asset
Financial Goals
Debt Consolidation
12. The financial gain (earned or unearned) accruing over a given period of time
Income
Allocation
Adjustable-Rate Loan
Money Market Accounts
13. An automatic loan made to you if you write a check for more money than you have in your account
Overdraft protection
Scarcity
Preferred Stock
Retirement Planning
14. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)
Unsecured Loan
Stock Table
Coverage
Ownership Investments
15. A delay in enforcing rights or claims or privileges
Loan
Forbearance
Preferred Stock
Estate Planning
16. Simplified IRS tax form which some individuals can file instead of the 1040 form.
Net Worth
1040 EZ tax form
Good Faith
Identity Theft
17. A loan backed by something valuable - such as property
Retirement Planning
Transaction Fee
Trade-off
Secured Loan
18. A debt; something disadvantageous
Indirect Car Loan
Withdrawal
Liability
Phishing
19. A regular payment to a person that iis intended to allow them to subsist without working
Interest Rate
Pension
Personal Budget
Deduction
20. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
Return
Interest Rate
Maintain
Billing Statement
21. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Annual Report
1040 tax form
Net Worth
Total Assets
22. Certificates that represent money the government has borrowed from private citizens
Maintain
Asset
Bonds
Premium
23. Concern for ones own well being and advantages
Net Income
Self-Interest
Balance
Premium
24. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)
Annual Report
Securities
Unsecured Loan
Total Debt
25. Short-term and Long-term objectives that are driven by values.
Insurance
Financial Goals
Incentives
Phishing
26. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Mutual Funds
Installment Loan
Preferred Stock
EDGAR
27. Income on which tax must be paid; total income minus exemptions and deductions
W-4
Taxable Income
Coverage
Executor
28. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Debt Consolidation
Stock Symbol
Living Trust
Deductible
29. A periodic statement prepared by a bank for each client
Forbearance
Bank Statement
Installment Loan
Stock Exchanges
30. 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
EDGAR
Financial Goals
Executor
Transaction Fee
31. A business activity that changes assets - liabilities - or owner's equity
Trade-off
Scarcity
Coupon Rate
Transaction
32. Making money for owning something
Float
Bankruptcy
Interest-Only Loan
Ownership Investments
33. Something of value; a resource; an advantage
Late Fee
Zero-Coupon Bond
Asset
Income
34. The act of reducing the selling price of merchandise
Interest-Only Loan
Financial Institution
Issuer
Deduction
35. Anything that is used to produce goods or services
Present Value
Resources
Coupon Rate
Opportunity Cost
36. Debt backed by a mortgage - pledge of collateral - or other lien; debt for which the creditor has the right to pursue specific pledged property upon default. Examples include home mortgages - auto loans and tax liens.
Investing
Secured Debt
Direct Car Loan
Bankruptcy
37. 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
Payday Loan
Exemptions
On-Boarding
Transfer Payments
38. Money paid to a worker
Inflation
Pay Period
Cash
Wage
39. An accounting entry acknowledging income or capital items
Credit
1040 tax form
Disclosure
Indirect Car Loan
40. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Present Value
Wage
Fixed-Rate Loan
Financial Institution
41. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index
Profit
Present Value
Withdrawal
Index Fund
42. The process of making a decision - usually complex
SEC Filings
Usury
Interest Rate
Decison-making
43. The act of lending money at an exorbitant rate of interest
Payday Loan
Preferred Stock
Securities
Usury
44. Loan with equal number of payments of the same amount over a fixed period of time.
Ownership Investments
Ownership Investments
Installment Loan
Secured Loan
45. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Annual Report
Time value of money
Float
Loan Shark
46. Electronic Funds Transfer
Face Value
Stock Exchanges
EFT
Risk
47. A general and progressive increase in prices
Inflation
Transfer Payments
Exemption
Financial Statements
48. A share set aside for a specific purpose
Allocation
Maintain
Executor
401 K
49. Bring into consonance or accord - to agree on terms
Yield
Vesting
Reconcile
Billing Statement
50. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Transfer Payments
Profit
Reconcile
Certificates of Deposit