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 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.






2. Stock other than preferred stock






3. Making money for owning something






4. A delay in enforcing rights or claims or privileges






5. 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.






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






7. Concern for ones own well being and advantages






8. Maintain by writing regular records






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






10. The process of making a decision - usually complex






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






12. The money paid for employee services






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






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






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






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






17. Arrangement for deferred payment for goods and services






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






19. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure






20. A loan backed by something valuable - such as property






21. 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






22. 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






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






24. The percentage of a sum of money charged for its use






25. 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






26. The amount accruing to the corporations owners

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27. The commercial activity of transporting and selling goods from a producer to a consumer






28. The standard IRS form for individual tax returns.






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






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






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






32. Give back (tax return)






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






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






35. Shares of ownership in a company






36. The economical needs of an individual






37. Certificates that represent money the government has borrowed from private citizens






38. All costs or bills related to the business






39. Can be found in a newspaper and shows information about popular stocks.






40. The extent to which something is covered






41. A regular payment to a person that iis intended to allow them to subsist without working






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






43. Institution that functions much like a business - but does not operate for the purpose of generating profits






44. 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






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






46. Having honest intentions






47. A general and progressive increase in prices






48. An institution that issues something (securities or publications or currency etc.)






49. 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.






50. Something that is made open or revealed