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. Shares of ownership in a company






2. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)






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






4. 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.






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






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






7. An obligation to pay money to another party






8. The amount accruing to the corporations owners

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






10. The amount accruing to the corporations owners

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11. 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.






12. Debt backed by a mortgage - pledge of collateral - or other lien; debt for which the creditor has the right to pursue specific pledged property upon default. Examples include home mortgages - auto loans and tax liens.






13. Having honest intentions






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






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






16. A debt not backed by specific property to satisfy the indebtedness in case of default.






17. A venture undertaken without regard to possible loss or injury






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






19. Place to create a savings account.






20. A record of checks written and deposits made in a checking account - kept by the depositor






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






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






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






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






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






26. Money paid to a worker






27. Funds that are often times traded through a stock exchange (NYSE)






28. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group






29. A yearly statement of the financial condition - progress - and expectations of an organization






30. Limited quantities of resources to meet unlimited wants






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






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






33. A delay in enforcing rights or claims or privileges






34. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.






35. Loan with equal number of payments of the same amount over a fixed period of time.






36. Business organizations that accommodate the buying and selling of securities.






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






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






39. 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.






40. 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.






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






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






43. Loan where the lender goes through the borrower






44. The act of taking out money or other capital






45. Limited quantities of resources to meet unlimited wants






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






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






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






49. Maintain by writing regular records






50. The shares available to sell/buy