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. Receiving money for loaning money






2. Something that is made open or revealed






3. Items of personal interest to collectors that can increase in value in the future






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






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






6. Total assets minus total liabilities






7. The process of managing one's assets and wealth






8. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure






9. Short for Federal Insurance Contributions Act - the name given on the paycheck stub for Social Security and Medicare taxes. The employee pays some of the FICA tax - and and the employer pays some of this tax for each employee. Social Security pays be






10. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets






11. An extra charge for various credit activities such as using an ATM or receiving a cash advance






12. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy






13. The process of managing one's assets and wealth






14. 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.






15. An institution that issues something (securities or publications or currency etc.)






16. Shares of ownership in a company






17. An exchange that occurs as a compromise






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






19. A loan where the payment is acheived through interest






20. Having honest intentions






21. 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.






22. Something of value; a resource; an advantage






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






24. Concern for ones own well being and advantages






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






26. Funds that are often times traded through a stock exchange (NYSE)






27. The economical needs of an individual






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






29. Things that incite or spur to action; rewards or reasons for performing a task.






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






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






32. Payment for insurance






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






34. Diagnosis Codes (in CCB Popup if more then 5 codes)






35. The rights of an individual to own - use - rent - invest in - buy - and sell property.






36. Making money for owning something






37. Business organizations that accommodate the buying and selling of securities.






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






39. A legal document declaring a person's wishes regarding the disposal of their property when they die






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






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






42. A payment given as a guarantee that an obligation will be met






43. The distribution of investment funds among broad classes of assets.






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






45. The shares available to sell/buy






46. Grant use or occupation of under a term of contract






47. The money paid for employee services






48. 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.






49. Someone who lends money at excessive rates of interest






50. Give back (tax return)