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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. A legal document declaring a person's wishes regarding the disposal of their property when they die
Will
Estate Planning
Unsecured Debt
Zero-Coupon Bond
2. Is your gross income after certain reductions have been made
Values
Float
Adjusted Gross Income
Good Faith
3. A tax-deferred investment and savings plan that acts as a personal pension fund for employees
Savings Register
FICA
401 K
Reconcile
4. The right to take another's property if an obligation is not discharged
Disclosure
Personal Budget
Lien
Self-Interest
5. The shares available to sell/buy
Shares Outstanding
Forbearance
Annual Fee
EDGAR
6. An evaluation by a rating company of the probability that a particular bond issue will default
Bond Rating
Trade-off
Consequence
Certificates of Deposit
7. The commercial activity of transporting and selling goods from a producer to a consumer
Liability
Forbearance
Distribution
Payday Loan
8. Having honest intentions
Credit
Deductible
Opportunity Cost
Good Faith
9. 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.
Interest Rate
Total Debt
Exchange-Traded Funds
Profit
10. The maximum credit that a customer is allowed
Stockholders' Equity
Line of Credit
Zero-Coupon Bond
Savings Register
11. Whatever must be given up to obtain some item
Forbearance
FICA
Opportunity Cost
Credit
12. Protection against future loss
Insurance
Distribution
Payday Loan
Secured Loan
13. A penalty for making a payment after the due date
Late Fee
Cash
Reconcile
Balance
14. An amount that credit card companies can charge for the use of a credit card.
Will
Liability
Annual Fee
Trade-off
15. Total assets minus total liabilities
Mortage
Savings Register
Net Worth
Issuer
16. An estimation of the value of a business that is obtained by multiplying the number of shares outstanding by the current price of a share
Market Capitalization
Lien
Risk
Interest Rate
17. All costs or bills related to the business
Issuer
Maintain
Good Faith
Expenses
18. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Lending Investments
Bond Rating
Late Fee
Bankruptcy
19. Someone who lends money at excessive rates of interest
Securities
Financial Goals
Loan Shark
Line of Credit
20. The period covered by a salary payment
Trade-off
Bankruptcy
Incentives
Pay Period
21. Arrangement for deferred payment for goods and services
Savings Register
Usury
Credit
Insurance
22. The act of taking out money or other capital
Withdrawal
Float
Will
Savings Register
23. Business organizations that accommodate the buying and selling of securities.
Salary
Phishing
Profit
Stock Exchanges
24. 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.
Deductible
Loan
Mortage
Personal Budget
25. Bring into consonance or accord - to agree on terms
Reconcile
Self-Interest
Net Income
Asset Allocation
26. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Coverage
Profit
Lending Investments
Salary
27. Compute credits and debits of an account
Usury
Stockholders' Equity
Balance
Allocation
28. The amount accruing to the corporations owners
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29. The value of a security that is set by the company issuing it
Overdraft protection
Par Value
Loan Shark
Secured Loan
30. 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.
Billing Statement
Investing
Decison-making
Secured Debt
31. Financial organization that pools people's money and invests it
Mutual Funds
Balance Sheet
Interest Rate
Financial Statements
32. By planning ahead you can ensure financial stability during your retirement.
401 K
Good Faith
Retirement Planning
Lending Investments
33. Simplified IRS tax form which some individuals can file instead of the 1040 form.
Interest Rate
Pension
FICA
1040 EZ tax form
34. A bond with zero discounts
Debit
Mutual Funds
Phishing
Zero-Coupon Bond
35. Cash payments made by the government to people who do not supply goods - services - or labor in exchange for these payments. They include Social Security benefits - veterans' benefits - and welfare payments.
Liability
Transfer Payments
Bond Rating
Preferred Stock
36. Financial reports that summarize the financial condition and operations of a business
Salary
Loan
Wage
Financial Statements
37. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Exemption
Forbearance
Annual Fee
Annual Fee
38. Profits paid to investors
W-4
Market Capitalization
Exchange-Traded Funds
dividends
39. 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
Exemptions
Installment Loan
SEC Filings
Ownership Investments
40. An institution that issues something (securities or publications or currency etc.)
Issuer
Withdrawal
Interest Rate
Insolvent
41. The recipient of funds or other benefits
Interest
Beneficiary
Securities
Nonprofit Organization
42. A legal document declaring a person's wishes regarding the disposal of their property when they die
Deposit
Asset Allocation
Will
Deductions
43. A bank account that accumulates interest
Savings Account
EFT
Income Statement
Resources
44. A periodic statement prepared by a bank for each client
Bank Statement
Par Value
Financial Goals
Direct Car Loan
45. Give back (tax return)
Liability
Return
Late Fee
Face Value
46. Place to create a savings account.
Financial Goals
Unsecured Loan
Savings Register
Allocation
47. Total assets minus total liabilities
Billing Statement
Net Worth
Property Rights
Money Market Accounts
48. Give back (tax return)
Installment Loan
Predatory Lending
Yield
Return
49. Limited quantities of resources to meet unlimited wants
Transfer Payments
Scarcity
Transfer Payments
EDGAR
50. Financial organization that pools people's money and invests it
Stock Exchanges
Exemption
Mutual Funds
Disclosure