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. Prompt payment for goods or services in currency or by check






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






3. A general and progressive increase in prices






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






5. Shares of ownership in a company






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






7. Someone who has insufficient assets to cover their debts






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






9. The act of lending money at an exorbitant rate of interest






10. Stock other than preferred stock






11. Institution that functions much like a business - but does not operate for the purpose of generating profits






12. The financial gain (earned or unearned) accruing over a given period of time






13. An automatic loan made to you if you write a check for more money than you have in your account






14. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)






15. A delay in enforcing rights or claims or privileges






16. Simplified IRS tax form which some individuals can file instead of the 1040 form.






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






18. A debt; something disadvantageous






19. A regular payment to a person that iis intended to allow them to subsist without working






20. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month






21. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company






22. Certificates that represent money the government has borrowed from private citizens






23. Concern for ones own well being and advantages






24. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)






25. Short-term and Long-term objectives that are driven by values.






26. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights






27. Income on which tax must be paid; total income minus exemptions and deductions






28. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount






29. A periodic statement prepared by a bank for each client






30. 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






31. A business activity that changes assets - liabilities - or owner's equity






32. Making money for owning something






33. Something of value; a resource; an advantage






34. The act of reducing the selling price of merchandise






35. Anything that is used to produce goods or services






36. 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.






37. 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






38. Money paid to a worker






39. An accounting entry acknowledging income or capital items






40. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money






41. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index






42. The process of making a decision - usually complex






43. The act of lending money at an exorbitant rate of interest






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






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






46. Electronic Funds Transfer






47. A general and progressive increase in prices






48. A share set aside for a specific purpose






49. Bring into consonance or accord - to agree on terms






50. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid