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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 right to take another's property if an obligation is not discharged
Foreclosure
Annual Fee
Adjustable-Rate Loan
Lien
2. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Trade-off
Time value of money
Tax Liability
Preferred Stock
3. 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
Adjusted Gross Income
Investing
Exemptions
1040 EZ tax form
4. A bond with zero discounts
Zero-Coupon Bond
Ownership Investments
W-4
Wage
5. A long-term loan extended to someone who buys property
Checkbook Register
Mortage
Pay Period
Certificates of Deposit
6. Financial organization that pools people's money and invests it
Mutual Funds
Issuer
Financial Needs
Money Market Accounts
7. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.
Securities
Living Trust
Deductible
Stock Table
8. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
Line of Credit
Time value of money
Compound Interest
Balance Sheet
9. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Debt Consolidation
Exemptions
Deduction
Securities
10. A record of checks written and deposits made in a checking account - kept by the depositor
Phishing
Checkbook Register
Overdraft protection
Stock Exchanges
11. 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.
Bonds
Pension
Financial Institution
Predatory Lending
12. 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.
Ownership Investments
Late Fee
Predatory Lending
Collectibles
13. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time
Savings Register
Face Value
Vesting
SEC Filings
14. Anything that is used to produce goods or services
Retirement Planning
Interest Rate
Coverage
Resources
15. Profits paid to investors
Financial Goals
dividends
Savings Register
1040 EZ tax form
16. Production of a certain amount
Shares Outstanding
Yield
Adjusted Gross Income
Transaction
17. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Transaction
Estate Planning
Inflation
Preferred Stock
18. 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.
Stockholders' Equity
Deduction
Credit
Loan
19. An accounting entry acknowledging income or capital items
Allocation
Forbearance
Cash
Credit
20. Compute credits and debits of an account
Balance
W-4
Lien
Credit
21. A penalty for making a payment after the due date
Balance
Credit
Mortage
Late Fee
22. Loan deal in which the actual lender may not be known to the borrower.
Total Assets
Asset
Indirect Car Loan
Yield
23. The right to take another's property if an obligation is not discharged
On-Boarding
Lien
Trade-off
Allocation
24. Making money for owning something
Ownership Investments
Inflation
Insurance
Disclosure
25. A loan in which the rate can be altered to adjust to economical need
Lending Investments
Adjustable-Rate Loan
Foreclosure
Loan
26. 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
Foreclosure
Stock Table
Index Fund
27. Income before taxes
Allocation
Compound Interest
Adjusted Gross Income
Gross Income
28. A bank account that accumulates interest
Predatory Lending
Lien
Savings Account
Salary
29. A tax-deferred investment and savings plan that acts as a personal pension fund for employees
401 K
Yield
Loan
Distribution
30. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Certificates of Deposit
Pension
Time value of money
Wealth Management
31. Funds that are often times traded through a stock exchange (NYSE)
Exchange-Traded Funds
Line of Credit
Adjusted Gross Income
Personal Budget
32. 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.
APR
Values
Securities
Investing
33. By planning ahead you can ensure financial stability during your retirement.
Deduction
SEC Filings
Retirement Planning
Adjustable-Rate Loan
34. An act of economizing
Shares Outstanding
Saving
Indirect Car Loan
Lien
35. The outcome of an event especially as relative to an individual
Nonprofit Organization
Consequence
Mutual Funds
Insolvent
36. The recipient of funds or other benefits
Scarcity
Vesting
Beneficiary
Insolvent
37. A delay in enforcing rights or claims or privileges
Forbearance
Reconcile
On-Boarding
Line of Credit
38. Someone who has insufficient assets to cover their debts
Insolvent
Indirect Car Loan
Collectibles
Debit
39. 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
Billing Statement
Beneficiary
Market Capitalization
Total Debt
40. The interest rate that a bond issuer will pay to a bondholder
Asset
Stocks
Asset
Coupon Rate
41. The economical needs of an individual
Financial Needs
Shares Outstanding
Distribution
Transaction Fee
42. A bond with zero discounts
Shares Outstanding
Zero-Coupon Bond
Salary
Pension
43. The act of taking out money or other capital
Bonds
Cannibalizing assets
Deduction
Withdrawal
44. Simplified IRS tax form which some individuals can file instead of the 1040 form.
FICA
1040 EZ tax form
Rent
Liability
45. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Secured Debt
Certificates of Deposit
Present Value
Mutual Funds
46. The process of making a decision - usually complex
Liability
Good Faith
Beneficiary
Decison-making
47. The economical needs of an individual
Transaction Fee
Taxable Income
Financial Needs
Adjustable-Rate Loan
48. A financial statement that gives operating results for a specific period
Interest-Only Loan
Index Fund
Insurance
Income Statement
49. Protection against future loss
Unsecured Debt
Securities
Financial Goals
Insurance
50. A legal document declaring a person's wishes regarding the disposal of their property when they die
Interest Rate
Wage
Will
Net Income
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