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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. The interest rate that a bond issuer will pay to a bondholder
Zero-Coupon Bond
Secured Debt
Stock Table
Coupon Rate
2. Maintain by writing regular records
Stock Exchanges
Maintain
Opportunity Cost
Personal Allowances
3. A fixed charge for borrowing money
Payday Loan
1040 EZ tax form
Interest
Preferred Stock
4. The process of making a decision - usually complex
Consequence
Decison-making
Scarcity
Usury
5. A periodic statement prepared by a bank for each client
1040 EZ tax form
Wage
Bank Statement
Predatory Lending
6. The process of managing one's assets and wealth
Fixed-Rate Loan
Wealth Management
Billing Statement
Incentives
7. 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.
Ownership Investments
Beneficiary
Indirect Car Loan
Loan
8. The rights of an individual to own - use - rent - invest in - buy - and sell property.
Property Rights
Inflation
Executor
Income Statement
9. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
FICA
Profit
Values
Market Capitalization
10. The outcome of an event especially as relative to an individual
Consequence
Interest-Only Loan
Taxable Income
Return
11. Interest calculated on both the principal and the accrued interest
Compound Interest
Transaction Fee
Indirect Car Loan
Resources
12. Profits paid to investors
Distribution
Financial Goals
dividends
Mortage
13. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
On-Boarding
Asset Allocation
Securities
Personal Budget
14. The amount of tax owed
Index Fund
Credit
Tax Liability
Stocks
15. The economical needs of an individual
Billing Statement
Financial Needs
Bonds
Maturity Date
16. 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.
Investing
Payday Loan
Shares Outstanding
Maintain
17. An extra charge for various credit activities such as using an ATM or receiving a cash advance
Financial Institution
dividends
Transaction Fee
Estate Planning
18. Short-term and Long-term objectives that are driven by values.
Mortage
Salary
Financial Goals
Self-Interest
19. Limited quantities of resources to meet unlimited wants
Bonds
Annual Report
Payday Loan
Scarcity
20. The financial gain (earned or unearned) accruing over a given period of time
Ownership Investments
Bond Rating
Income
Annual Fee
21. The maximum credit that a customer is allowed
Money Market Accounts
Line of Credit
Personal Allowances
Checkbook Register
22. Loan deal in which the actual lender may not be known to the borrower.
Indirect Car Loan
Inflation
Bond Rating
Market Capitalization
23. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Inflation
Maturity Date
Time value of money
Maintain
24. A yearly statement of the financial condition - progress - and expectations of an organization
Fixed-Rate Loan
Balance Sheet
Will
Annual Report
25. 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
Bond Rating
FICA
Money Market Accounts
Late Fee
26. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received
Net Income
Fixed-Rate Loan
Income Statement
Debit
27. Financial reports that summarize the financial condition and operations of a business
Bankruptcy
Indirect Car Loan
Financial Statements
Statement of Cash Flows
28. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Interest Rate
Values
Financial Statements
Probate
29. Payment for insurance
Premium
Preferred Stock
Asset
Statement of Cash Flows
30. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Good Faith
Debt Consolidation
Premium
Bankruptcy
31. This stands for annual percentage rate - which is a number calculated by taking into account the total cost of the loan - including what the borrower will pay in interest; this makes it easier to compare different loan offers
Deductions
Present Value
APR
Mutual Funds
32. An accounting entry acknowledging income or capital items
Asset
Foreclosure
Wealth Management
Credit
33. 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
401 K
Deposit
Identity Theft
Deposit
34. A general and progressive increase in prices
Inflation
Incentives
Payday Loan
Loan
35. Loan where the lender goes through the borrower
Reconcile
Asset Allocation
Secured Loan
Direct Car Loan
36. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Stock Symbol
Trade-off
Common Stock
Yield
37. Loan deal in which the actual lender may not be known to the borrower.
Financial Goals
Estate Planning
Mortage
Indirect Car Loan
38. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
APR
Total Debt
Exemption
On-Boarding
39. Having honest intentions
Good Faith
Incentives
Fixed-Rate Loan
Probate
40. An extra charge for various credit activities such as using an ATM or receiving a cash advance
Transaction Fee
Adjusted Gross Income
Decison-making
Savings Account
41. Financial organization that pools people's money and invests it
Personal Budget
EFT
Mutual Funds
Deductions
42. The shares available to sell/buy
Shares Outstanding
Collectibles
Checkbook Register
Transaction
43. Business organizations that accommodate the buying and selling of securities.
Stock Exchanges
Salary
Securities
Mortage
44. A tax-deferred investment and savings plan that acts as a personal pension fund for employees
Stocks
Secured Debt
401 K
Direct Car Loan
45. A penalty for making a payment after the due date
Foreclosure
Opportunity Cost
Installment Loan
Late Fee
46. Diagnosis Codes (in CCB Popup if more then 5 codes)
I-9
Unsecured Debt
Usury
Beneficiary
47. A share set aside for a specific purpose
Unsecured Loan
Compound Interest
Allocation
Reconcile
48. An evaluation by a rating company of the probability that a particular bond issue will default
Lending Investments
Secured Loan
Bond Rating
Resources
49. A long-term loan extended to someone who buys property
Deductible
Mortage
Forbearance
Exemption
50. A payment given as a guarantee that an obligation will be met
Installment Loan
Net Worth
Lending Investments
Deposit