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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. Income on which tax must be paid; total income minus exemptions and deductions
Cannibalizing assets
Annual Report
Taxable Income
Par Value
2. Can be found in a newspaper and shows information about popular stocks.
Gross Income
Transaction Fee
Stock Table
Cash
3. Financial organization that pools people's money and invests it
Maintain
Probate
SEC Filings
Mutual Funds
4. The percentage of a sum of money charged for its use
Par Value
Mutual Funds
Bankruptcy
Interest Rate
5. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Stock Symbol
Total Debt
Net Worth
Face Value
6. Receiving money for loaning money
Lending Investments
Trade-off
Mortage
Executor
7. Give back (tax return)
Stock Exchanges
Return
FICA
Decison-making
8. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Taxable Income
Preferred Stock
Bankruptcy
Property Rights
9. A specific plan for spending your income
Fixed-Rate Loan
Yield
Saving
Personal Budget
10. 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.
Bond Rating
Investing
Salary
Transfer Payments
11. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Secured Debt
Credit
Exemption
Net Income
12. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
Loan Shark
Opportunity Cost
Balance
Balance Sheet
13. 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.
Secured Debt
Interest Rate
Decison-making
Stocks
14. A loan in which the rate can be altered to adjust to economical need
Reconcile
Adjustable-Rate Loan
On-Boarding
Personal Budget
15. A loan in which the rate can be altered to adjust to economical need
Rent
Deposit
Secured Debt
Adjustable-Rate Loan
16. The process of managing one's assets and wealth
Income
Stock Table
Savings Account
Wealth Management
17. Anything that is used to produce goods or services
Resources
Estate Planning
Usury
Stock Symbol
18. Production of a certain amount
Yield
Distribution
Nonprofit Organization
Deductible
19. Diagnosis Codes (in CCB Popup if more then 5 codes)
Market Capitalization
I-9
Loan Shark
Savings Account
20. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Transaction Fee
Net Worth
Exemption
Profit
21. A business activity that changes assets - liabilities - or owner's equity
Face Value
Transaction
Adjusted Gross Income
Secured Loan
22. Money paid to a worker
Probate
Deductible
Wage
Profit
23. The time interval between the deposit of a check in a bank and its payment
Liability
Return
Retirement Planning
Float
24. The period covered by a salary payment
Balance
Pay Period
Interest Rate
Insolvent
25. Payment for insurance
Stockholders' Equity
Debt Consolidation
Premium
Nonprofit Organization
26. By planning ahead you can ensure financial stability during your retirement.
Insurance
Overdraft protection
Retirement Planning
Net Income
27. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Pay Period
Time value of money
Statement of Cash Flows
Beneficiary
28. A record of checks written and deposits made in a checking account - kept by the depositor
Nonprofit Organization
Checkbook Register
Pay Period
Cash
29. All costs or bills related to the business
Preferred Stock
Yield
Expenses
Loan Shark
30. Something that is made open or revealed
Deposit
Vesting
Beneficiary
Disclosure
31. The economical needs of an individual
Foreclosure
Adjustable-Rate Loan
Vesting
Financial Needs
32. A general and progressive increase in prices
Premium
Net Income
Inflation
Loan
33. 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.
Insurance
Vesting
Income
Investing
34. The value of a security that is set by the company issuing it
Predatory Lending
Stock Symbol
SEC Filings
Par Value
35. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Installment Loan
Probate
Statement of Cash Flows
Total Debt
36. An institution that issues something (securities or publications or currency etc.)
Yield
Issuer
Checkbook Register
FICA
37. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.
Return
Preferred Stock
Stock Table
Deductions
38. The time interval between the deposit of a check in a bank and its payment
Float
Checkbook Register
Estate Planning
Consequence
39. The money(usually a set amount) given to an individual to spend
Investing
I-9
Personal Allowances
Loan Shark
40. 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.
Forbearance
Transfer Payments
Disclosure
Securities
41. Something of value; a resource; an advantage
Asset
Saving
Consequence
Stock Table
42. Making money for owning something
Self-Interest
Transfer Payments
Ownership Investments
Liability
43. A fixed charge for borrowing money
Expenses
Interest
Mutual Funds
Total Assets
44. Funds that pay part of their distributions out of principal cannibalize their assets. This depletes the fund's asset base. Funds cannibalize assets to maintain a dividend and keep shareholders happy. However - like feeding a cow its own milk - this p
Credit
Adjusted Gross Income
Liability
Cannibalizing assets
45. Money paid to a worker
Return
Compound Interest
Predatory Lending
Wage
46. An amount that credit card companies can charge for the use of a credit card.
Secured Loan
Asset Allocation
Expenses
Annual Fee
47. Income on which tax must be paid; total income minus exemptions and deductions
Transfer Payments
Lending Investments
Taxable Income
Present Value
48. A legal document declaring a person's wishes regarding the disposal of their property when they die
Will
Financial Institution
Money Market Accounts
Interest Rate
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.
Par Value
Transfer Payments
Financial Institution
Interest Rate
50. A periodic statement prepared by a bank for each client
Scarcity
Tax Liability
Ownership Investments
Bank Statement