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. The act of taking out money or other capital






2. The financial gain (earned or unearned) accruing over a given period of time






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






4. Having honest intentions






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






6. An exchange that occurs as a compromise






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






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






9. Making money for owning something






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






11. Preparing a plan for transferring property during one's lifetime and at one's death






12. Limited quantities of resources to meet unlimited wants






13. Stock other than preferred stock






14. 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.






15. The withholding form each new employee fills out - stating the number of exemptions. the more exemptions listed - the less withholding tax will be taken from the paycheck.






16. The financial gain (earned or unearned) accruing over a given period of time






17. The money paid for employee services






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






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






20. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company






21. A specific plan for spending your income






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






23. Profits paid to investors






24. Maintain by writing regular records






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






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






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






28. Having honest intentions






29. An obligation to pay money to another party






30. 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.






31. All costs or bills related to the business






32. An exchange that occurs as a compromise






33. A general and progressive increase in prices






34. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt






35. Loan where the lender goes through the borrower






36. The act of lending money at an exorbitant rate of interest






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






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






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






40. Money paid to a worker






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






42. The amount accruing to the corporations owners

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






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






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






46. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.






47. The act of reducing the selling price of merchandise






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






49. The recipient of funds or other benefits






50. 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.