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. Having honest intentions






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






3. 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






4. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group






5. The money paid for employee services






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






7. Profits paid to investors






8. An evaluation by a rating company of the probability that a particular bond issue will default






9. The maximum credit that a customer is allowed






10. An obligation to pay money to another party






11. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.






12. Payment for insurance






13. Concern for ones own well being and advantages






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






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






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






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






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






19. Receiving money for loaning money






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






21. Limited quantities of resources to meet unlimited wants






22. 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






23. The act of reducing the selling price of merchandise






24. A loan in which the rate can be altered to adjust to economical need






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






26. The period covered by a salary payment






27. The amount of tax owed






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






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






30. Protection against future loss






31. 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.






32. Payment for insurance






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






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






35. Anything that is used to produce goods or services






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






37. Loan deal in which the actual lender may not be known to the borrower.






38. A fixed charge for borrowing money






39. The outcome of an event especially as relative to an individual






40. The date on which a financial obligation must be repaid






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






42. A debt not backed by specific property to satisfy the indebtedness in case of default.






43. 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.






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






45. Production of a certain amount






46. 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.






47. A fixed charge for borrowing money






48. Total assets minus total liabilities






49. Something of value; a resource; an advantage






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