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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. Someone who has insufficient assets to cover their debts
W-4
Insolvent
Credit
Overdraft protection
2. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.
Payday Loan
Financial Institution
FICA
Exchange-Traded Funds
3. The standard IRS form for individual tax returns.
Indirect Car Loan
1040 tax form
Liability
Consequence
4. Diagnosis Codes (in CCB Popup if more then 5 codes)
Deductible
Stock Symbol
I-9
Issuer
5. 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
Return
APR
Estate Planning
Personal Budget
6. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Mutual Funds
Usury
Bankruptcy
Direct Car Loan
7. Give back (tax return)
Return
Transaction
Credit
Liability
8. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Premium
Exemption
Balance Sheet
Vesting
9. Protection against future loss
Cannibalizing assets
Risk
Insurance
Usury
10. A yearly statement of the financial condition - progress - and expectations of an organization
Liability
Stockholders' Equity
Annual Report
Premium
11. The percentage of a sum of money charged for its use
Lending Investments
Securities
Savings Account
Interest Rate
12. A debt; something disadvantageous
Savings Account
Liability
Tax Liability
Maintain
13. Funds that pay part of their distributions out of principal cannibalize their assets. This depletes the fund's asset base. Funds cannibalize assets to maintain a dividend and keep shareholders happy. However - like feeding a cow its own milk - this p
Cannibalizing assets
Reconcile
Ownership Investments
Present Value
14. The money(usually a set amount) given to an individual to spend
APR
Net Worth
Scarcity
Personal Allowances
15. All costs or bills related to the business
Certificates of Deposit
Wealth Management
Expenses
Usury
16. Financial organization that pools people's money and invests it
Liability
Executor
Allocation
Mutual Funds
17. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt
Debt Consolidation
Deduction
Indirect Car Loan
Good Faith
18. Loan with equal number of payments of the same amount over a fixed period of time.
Certificates of Deposit
Installment Loan
Securities
EDGAR
19. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time
Vesting
SEC Filings
On-Boarding
Personal Budget
20. The time interval between the deposit of a check in a bank and its payment
Float
Late Fee
Investing
Will
21. 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.
W-4
Bonds
Asset
Will
22. Arrangement for deferred payment for goods and services
Compound Interest
Credit
Common Stock
Insurance
23. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received
Nonprofit Organization
Will
Billing Statement
Net Income
24. The act of lending money at an exorbitant rate of interest
Usury
Transaction Fee
Credit
Payday Loan
25. The act of taking out money or other capital
Coupon Rate
EFT
Adjusted Gross Income
Withdrawal
26. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Asset
Maturity Date
Collectibles
Certificates of Deposit
27. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
Premium
On-Boarding
Market Capitalization
Tax Liability
28. Financial organization that pools people's money and invests it
Mutual Funds
Exemption
Saving
Income Statement
29. Financial reports that summarize the financial condition and operations of a business
Financial Statements
Wealth Management
Cannibalizing assets
Phishing
30. A person appointed by a testator to carry out the terms of the will
On-Boarding
Certificates of Deposit
Executor
Unsecured Loan
31. 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.
Saving
Annual Report
Loan
Reconcile
32. Funds that pay part of their distributions out of principal cannibalize their assets. This depletes the fund's asset base. Funds cannibalize assets to maintain a dividend and keep shareholders happy. However - like feeding a cow its own milk - this p
Cannibalizing assets
Phishing
Deduction
Credit
33. Electronic Funds Transfer
Personal Allowances
Pension
EFT
Asset
34. An accounting entry acknowledging income or capital items
Credit
Reconcile
Securities
Preferred Stock
35. A debt not backed by specific property to satisfy the indebtedness in case of default.
Unsecured Debt
Zero-Coupon Bond
Distribution
Property Rights
36. Cash payments made by the government to people who do not supply goods - services - or labor in exchange for these payments. They include Social Security benefits - veterans' benefits - and welfare payments.
Forbearance
Predatory Lending
Rent
Transfer Payments
37. Concern for ones own well being and advantages
Self-Interest
Liability
Adjusted Gross Income
Deduction
38. Savings account that pays market rate or better interest and allows access to funds without penalty.
Vesting
Will
Loan
Money Market Accounts
39. A share set aside for a specific purpose
Mutual Funds
Stockholders' Equity
Allocation
Secured Debt
40. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Interest Rate
Interest Rate
Unsecured Loan
Profit
41. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Compound Interest
Balance Sheet
Bankruptcy
Ownership Investments
42. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.
Mortage
Deductions
Investing
Face Value
43. Items of personal interest to collectors that can increase in value in the future
Balance Sheet
Collectibles
Taxable Income
Transfer Payments
44. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Financial Institution
FICA
Pension
Line of Credit
45. The outcome of an event especially as relative to an individual
Vesting
Consequence
Indirect Car Loan
Bank Statement
46. The maximum credit that a customer is allowed
Secured Debt
Exemption
Time value of money
Line of Credit
47. The economical needs of an individual
Lending Investments
Direct Car Loan
Good Faith
Financial Needs
48. Interest calculated on both the principal and the accrued interest
Mutual Funds
Financial Goals
Compound Interest
Consequence
49. The amount of money you would need to deposit now in order to attain a desired amount in the future
Present Value
Stockholders' Equity
Net Worth
Property Rights
50. The date on which a financial obligation must be repaid
On-Boarding
Bonds
Maturity Date
Interest Rate