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






2. 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






3. Give back (tax return)






4. Limited quantities of resources to meet unlimited wants






5. 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.






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






7. The interest rate that a bond issuer will pay to a bondholder






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






9. A delay in enforcing rights or claims or privileges






10. The recipient of funds or other benefits






11. An accounting entry acknowledging income or capital items






12. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.






13. Maintain by writing regular records






14. Production of a certain amount






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






16. Someone who lends money at excessive rates of interest






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






18. The process of making a decision - usually complex






19. The standard IRS form for individual tax returns.






20. 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.






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






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






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






24. A debt; something disadvantageous






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






26. The maximum credit that a customer is allowed






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






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






29. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.






30. The value of a security that is set by the company issuing it






31. The apparent worth as opposed to the real worth






32. A bond with zero discounts






33. The economical needs of an individual






34. Something that is made open or revealed






35. Protection against future loss






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






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






38. The extent to which something is covered






39. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money






40. The period covered by a salary payment






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






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






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






44. A fixed charge for borrowing money






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






46. The period covered by a salary payment






47. An automatic loan made to you if you write a check for more money than you have in your account






48. Bring into consonance or accord - to agree on terms






49. An accounting entry acknowledging sums that are owing






50. An act of economizing