SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
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. A loan backed by something valuable - such as property
Yield
Deposit
Forbearance
Secured Loan
2. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt
Debt Consolidation
Allocation
Pension
Gross Income
3. The standard IRS form for individual tax returns.
1040 tax form
Premium
Balance
Expenses
4. Simplified IRS tax form which some individuals can file instead of the 1040 form.
Loan Shark
Profit
Saving
1040 EZ tax form
5. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Mutual Funds
Financial Institution
Self-Interest
Transaction
6. Stock other than preferred stock
Consequence
Total Assets
Common Stock
Reconcile
7. Having honest intentions
dividends
Good Faith
Pay Period
Line of Credit
8. The money paid for employee services
Profit
Financial Needs
Bonds
Salary
9. Something of value; a resource; an advantage
Float
Asset
Shares Outstanding
Credit
10. Business organizations that accommodate the buying and selling of securities.
Stock Exchanges
Billing Statement
Deductible
I-9
11. An accounting entry acknowledging income or capital items
Net Worth
Interest
Credit
Insurance
12. Income before taxes
Bankruptcy
Securities
Preferred Stock
Gross Income
13. Bring into consonance or accord - to agree on terms
Stockholders' Equity
I-9
Reconcile
Market Capitalization
14. An evaluation by a rating company of the probability that a particular bond issue will default
1040 tax form
Net Worth
Bond Rating
Decison-making
15. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time
Personal Allowances
Net Worth
Vesting
Asset
16. A payment given as a guarantee that an obligation will be met
APR
Preferred Stock
Deposit
Transaction
17. An obligation to pay money to another party
Liability
Scarcity
Loan
Withdrawal
18. Stock other than preferred stock
Phishing
Common Stock
Stock Exchanges
Coverage
19. Give back (tax return)
401 K
Return
Money Market Accounts
Phishing
20. The period covered by a salary payment
Pay Period
Deduction
Good Faith
Interest
21. The recipient of funds or other benefits
Cash
Beneficiary
Bond Rating
Incentives
22. 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.
Time value of money
Coupon Rate
Secured Debt
Debt Consolidation
23. Loan where the lender goes through the borrower
APR
Direct Car Loan
Secured Loan
EFT
24. An obligation to pay money to another party
Exchange-Traded Funds
Decison-making
Probate
Liability
25. Someone who lends money at excessive rates of interest
W-4
Ownership Investments
Loan Shark
Investing
26. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)
Forbearance
Billing Statement
W-4
Unsecured Loan
27. A person appointed by a testator to carry out the terms of the will
Profit
Stock Table
Executor
Living Trust
28. The maximum credit that a customer is allowed
Distribution
Par Value
Line of Credit
W-4
29. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Transfer Payments
Income
Preferred Stock
Total Debt
30. Things that incite or spur to action; rewards or reasons for performing a task.
Tax Liability
Credit
Ownership Investments
Incentives
31. A share set aside for a specific purpose
Allocation
Collectibles
Stockholders' Equity
Total Debt
32. A periodic statement prepared by a bank for each client
Bank Statement
Lending Investments
Exemptions
Collectibles
33. Institution that functions much like a business - but does not operate for the purpose of generating profits
Index Fund
Nonprofit Organization
Rent
1040 EZ tax form
34. Financial reports that summarize the financial condition and operations of a business
Lending Investments
Maturity Date
Credit
Financial Statements
35. The commercial activity of transporting and selling goods from a producer to a consumer
Total Assets
Distribution
Phishing
Float
36. An amount of money given to the borrower for a set period of time. After the set time has passed - the money must be paid back plus the lending fee - called interest. Payments are normally made over a series of months.
Loan
Direct Car Loan
Ownership Investments
Balance Sheet
37. An accounting entry acknowledging sums that are owing
Loan Shark
Shares Outstanding
Par Value
Debit
38. A legal document declaring a person's wishes regarding the disposal of their property when they die
Resources
Stocks
Will
Market Capitalization
39. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Deductible
On-Boarding
Payday Loan
Unsecured Debt
40. Business organizations that accommodate the buying and selling of securities.
Net Income
Stock Exchanges
Forbearance
Maintain
41. An extra charge for various credit activities such as using an ATM or receiving a cash advance
Transaction Fee
APR
Resources
Return
42. This stands for annual percentage rate - which is a number calculated by taking into account the total cost of the loan - including what the borrower will pay in interest; this makes it easier to compare different loan offers
APR
1040 tax form
FICA
Trade-off
43. The money paid for employee services
Inflation
Rent
Salary
Asset
44. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time
Float
Property Rights
Usury
Vesting
45. This stands for annual percentage rate - which is a number calculated by taking into account the total cost of the loan - including what the borrower will pay in interest; this makes it easier to compare different loan offers
Total Debt
Consequence
Deductions
APR
46. 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
Salary
Cannibalizing assets
Certificates of Deposit
Expenses
47. The amount of money you would need to deposit now in order to attain a desired amount in the future
Loan
Present Value
Liability
Annual Report
48. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Profit
Interest
Usury
Preferred Stock
49. Certificates that represent money the government has borrowed from private citizens
Bonds
Securities
Transaction
Savings Account
50. A specific plan for spending your income
Certificates of Deposit
Reconcile
Personal Budget
Issuer