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






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






3. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.






4. Place to create a savings account.






5. Give back (tax return)






6. Shares of ownership in a company






7. 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






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






9. Limited quantities of resources to meet unlimited wants






10. Production of a certain amount






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






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






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






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






15. Financial reports that summarize the financial condition and operations of a business






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






17. The economical needs of an individual






18. The amount of tax owed






19. A loan that is paid off in a fixed rate over a period of time






20. Compute credits and debits of an account






21. 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.






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






23. Programs aimed at helping employees integrate - assimilate - and transition to new jobs






24. A penalty for making a payment after the due date






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






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






27. The period covered by a salary payment






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






29. Income before taxes






30. A share set aside for a specific purpose






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






32. Limited quantities of resources to meet unlimited wants






33. Electronic Funds Transfer






34. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements






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






36. A specific plan for spending your income






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






38. 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.






39. A tax-deferred investment and savings plan that acts as a personal pension fund for employees






40. The act of taking out money or other capital






41. 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.






42. A fixed charge for borrowing money






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






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






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






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






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






48. The shares available to sell/buy






49. Savings account that pays market rate or better interest and allows access to funds without penalty.






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