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. An exchange that occurs as a compromise






2. 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.






3. Electronic Funds Transfer






4. Things that incite or spur to action; rewards or reasons for performing a task.






5. A bank account that accumulates interest






6. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount






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






8. 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.






9. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation






10. Short for Federal Insurance Contributions Act - the name given on the paycheck stub for Social Security and Medicare taxes. The employee pays some of the FICA tax - and and the employer pays some of this tax for each employee. Social Security pays be






11. A bank account that accumulates interest






12. The process of making a decision - usually complex






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






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






15. Anything that is used to produce goods or services






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






17. Short-term and Long-term objectives that are driven by values.






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






19. A debt; something disadvantageous






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






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






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






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






24. Money paid to a worker






25. Items of personal interest to collectors that can increase in value in the future






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






27. The money paid for employee services






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






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






30. A bond with zero discounts






31. A fixed charge for borrowing money






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






33. The amount accruing to the corporations owners

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






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






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






37. The amount accruing to the corporations owners

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38. Place to create a savings account.






39. 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






40. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount






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






42. Compute credits and debits of an account






43. An accounting entry acknowledging income or capital items






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






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






46. A loan where the payment is acheived through interest






47. Anything that is used to produce goods or services






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






49. A debt; something disadvantageous






50. A fixed charge for borrowing money