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. Grant use or occupation of under a term of contract






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






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






4. Electronic Funds Transfer






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






6. A venture undertaken without regard to possible loss or injury






7. The amount of money you would need to deposit now in order to attain a desired amount in the future






8. The recipient of funds or other benefits






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






10. The maximum credit that a customer is allowed






11. Maintain by writing regular records






12. 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






13. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company






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






15. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default






16. The rights of an individual to own - use - rent - invest in - buy - and sell property.






17. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements






18. An obligation to pay money to another party






19. Something that is made open or revealed






20. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.






21. A bond with zero discounts






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






23. Stock other than preferred stock






24. A loan where the payment is acheived through interest






25. Arrangement for deferred payment for goods and services






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






27. Loan with equal number of payments of the same amount over a fixed period of time.






28. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company






29. Receiving money for loaning money






30. 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.






31. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received






32. The amount accruing to the corporations owners

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






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






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






36. 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.






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






38. The act of committing money or capital to an endeavor (a business - project - real estate - etc.) with the expectation of obtaining an additional income or profit.






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






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






41. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)






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






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






44. A penalty for making a payment after the due date






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






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






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






48. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights






49. A bank account that accumulates interest






50. Having honest intentions