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. Someone who has insufficient assets to cover their debts






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






3. A loan in which the rate can be altered to adjust to economical need






4. A payment given as a guarantee that an obligation will be met






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






6. Beliefs of a person or social group in which they have an emotional investment (either for or against something)






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






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






9. The apparent worth as opposed to the real worth






10. The withholding form each new employee fills out - stating the number of exemptions. the more exemptions listed - the less withholding tax will be taken from the paycheck.






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






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






13. 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






14. Compute credits and debits of an account






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






16. A share set aside for a specific purpose






17. The money(usually a set amount) given to an individual to spend






18. All costs or bills related to the business






19. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail






20. Any of a number of fraudulent - deceptive - discriminatory - or unfavorable lending practices. Many of these practices are illegal - while others are legal but not in the best interest of the borrowers.






21. 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






22. Income before taxes






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






24. Place to create a savings account.






25. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt






26. Give back (tax return)






27. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month






28. An accounting entry acknowledging income or capital items






29. The economical needs of an individual






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






31. The act of reducing the selling price of merchandise






32. Receiving money for loaning money






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






34. Concern for ones own well being and advantages






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






36. 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






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






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






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






40. By planning ahead you can ensure financial stability during your retirement.






41. The apparent worth as opposed to the real worth






42. 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.






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






44. An act of economizing






45. The process of making a decision - usually complex






46. Limited quantities of resources to meet unlimited wants






47. Someone who has insufficient assets to cover their debts






48. A specific plan for spending your income






49. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt






50. Shares of ownership in a company