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 date on which a financial obligation must be repaid






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






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






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






5. The period covered by a salary payment






6. Shares of ownership in a company






7. The extent to which something is covered






8. The recipient of funds or other benefits






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






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






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






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






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. The act of taking out money or other capital






15. A bank account that accumulates interest






16. Maintain by writing regular records






17. Arrangement for deferred payment for goods and services






18. Place to create a savings account.






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






20. Stock other than preferred stock






21. The money paid for employee services






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






23. Financial organization that pools people's money and invests it






24. An amount that credit card companies can charge for the use of a credit card.






25. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time






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






27. A financial statement that gives operating results for a specific period






28. 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






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






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






31. Is your gross income after certain reductions have been made






32. Compute credits and debits of an account






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






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






35. Limited quantities of resources to meet unlimited wants






36. Limited quantities of resources to meet unlimited wants






37. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)






38. 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.






39. Something that is made open or revealed






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






41. Maintain by writing regular records






42. All costs or bills related to the business






43. The apparent worth as opposed to the real worth






44. Money paid to a worker






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






46. An obligation to pay money to another party






47. An evaluation by a rating company of the probability that a particular bond issue will default






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






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






50. 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