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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. A venture undertaken without regard to possible loss or injury






2. Financial organization that pools people's money and invests it






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






4. The time interval between the deposit of a check in a bank and its payment






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






6. Concern for ones own well being and advantages






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






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






9. The amount of tax owed






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






11. The economical needs of an individual






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






13. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.






14. Receiving money for loaning money






15. Payment for insurance






16. Someone who has insufficient assets to cover their debts






17. Arrangement for deferred payment for goods and services






18. The amount of tax owed






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






20. The process of making a decision - usually complex






21. 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






22. A bond with zero discounts






23. The money(usually a set amount) given to an individual to spend






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






25. 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.






26. Concern for ones own well being and advantages






27. A person appointed by a testator to carry out the terms of the will






28. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)






29. Shares of ownership in a company






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






31. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail






32. Electronic Funds Transfer






33. Is your gross income after certain reductions have been made






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






35. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time






36. Making money for owning something






37. 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






38. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default






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






40. A delay in enforcing rights or claims or privileges






41. An amount that credit card companies can charge for the use of a credit card.






42. A delay in enforcing rights or claims or privileges






43. A financial statement that gives operating results for a specific period






44. 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.






45. The recipient of funds or other benefits






46. The period covered by a salary payment






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






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






49. Can be found in a newspaper and shows information about popular stocks.






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







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Can you answer 50 questions in 15 minutes?


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