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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. An act of economizing
Coverage
Saving
Disclosure
Issuer
2. The outcome of an event especially as relative to an individual
Installment Loan
Loan Shark
Balance
Consequence
3. 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
Exchange-Traded Funds
Bonds
Mutual Funds
4. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Incentives
Interest
Deductible
Consequence
5. All costs or bills related to the business
Expenses
Coverage
Exemption
Insolvent
6. A general and progressive increase in prices
Inflation
Stock Exchanges
Scarcity
Preferred Stock
7. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Certificates of Deposit
Consequence
Lien
SEC Filings
8. A loan that is paid off in a fixed rate over a period of time
Incentives
Usury
Shares Outstanding
Fixed-Rate Loan
9. A general and progressive increase in prices
Zero-Coupon Bond
Statement of Cash Flows
APR
Inflation
10. The apparent worth as opposed to the real worth
Decison-making
Index Fund
Trade-off
Face Value
11. Preparing a plan for transferring property during one's lifetime and at one's death
Face Value
Wealth Management
Estate Planning
Adjusted Gross Income
12. The amount of money you would need to deposit now in order to attain a desired amount in the future
Present Value
Reconcile
Net Income
Liability
13. The money paid for employee services
Cash
Deduction
Salary
Loan
14. By planning ahead you can ensure financial stability during your retirement.
Maintain
Interest
Self-Interest
Retirement Planning
15. Loan where the lender goes through the borrower
Direct Car Loan
Decison-making
EFT
Credit
16. Protection against future loss
Lending Investments
EFT
Collectibles
Insurance
17. A debt not backed by specific property to satisfy the indebtedness in case of default.
Installment Loan
Transfer Payments
Asset Allocation
Unsecured Debt
18. The rights of an individual to own - use - rent - invest in - buy - and sell property.
Property Rights
Maintain
Personal Allowances
Personal Budget
19. The value of a security that is set by the company issuing it
Coupon Rate
Par Value
Rent
Predatory Lending
20. The extent to which something is covered
Savings Account
Coverage
FICA
Lien
21. Prompt payment for goods or services in currency or by check
Income Statement
Foreclosure
Bank Statement
Cash
22. Having honest intentions
Good Faith
Total Assets
Interest Rate
Bonds
23. Simplified IRS tax form which some individuals can file instead of the 1040 form.
Foreclosure
1040 EZ tax form
Deposit
I-9
24. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Present Value
Wage
Coupon Rate
Probate
25. The commercial activity of transporting and selling goods from a producer to a consumer
Deductions
Reconcile
Yield
Distribution
26. A specific plan for spending your income
Collectibles
Phishing
Personal Budget
Mutual Funds
27. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.
Issuer
Common Stock
Resources
Living Trust
28. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Lien
Usury
Bankruptcy
Coupon Rate
29. Receiving money for loaning money
Float
Lending Investments
Ownership Investments
Mutual Funds
30. An extra charge for various credit activities such as using an ATM or receiving a cash advance
Financial Statements
EFT
Transaction Fee
Premium
31. 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
Probate
EDGAR
Annual Fee
Incentives
32. Interest calculated on both the principal and the accrued interest
Overdraft protection
EFT
Nonprofit Organization
Compound Interest
33. 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.
Secured Debt
Executor
Credit
Interest
34. A delay in enforcing rights or claims or privileges
Direct Car Loan
Retirement Planning
FICA
Forbearance
35. The time interval between the deposit of a check in a bank and its payment
Maintain
Float
Financial Goals
Incentives
36. The date on which a financial obligation must be repaid
Transaction Fee
Ownership Investments
Maturity Date
Beneficiary
37. 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.
Profit
Interest Rate
Present Value
Retirement Planning
38. A specific plan for spending your income
Secured Loan
Zero-Coupon Bond
Personal Budget
Resources
39. A loan backed by something valuable - such as property
Expenses
Secured Loan
Stock Table
Gross Income
40. Preparing a plan for transferring property during one's lifetime and at one's death
Estate Planning
Retirement Planning
Consequence
Return
41. The right to take another's property if an obligation is not discharged
Debit
Lien
Cannibalizing assets
Late Fee
42. A legal document declaring a person's wishes regarding the disposal of their property when they die
Will
Yield
Opportunity Cost
Credit
43. Maintain by writing regular records
Asset Allocation
Interest
Maintain
Total Debt
44. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.
Living Trust
Pension
Incentives
Yield
45. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Stock Symbol
Beneficiary
Securities
Expenses
46. Prompt payment for goods or services in currency or by check
I-9
Stocks
Cash
Lien
47. 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.
Exchange-Traded Funds
Investing
Annual Report
Bond Rating
48. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Time value of money
Exemption
Total Assets
Unsecured Loan
49. The act of reducing the selling price of merchandise
Wealth Management
Estate Planning
Deduction
Stocks
50. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.
Withdrawal
Statement of Cash Flows
EFT
Probate