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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. An exchange that occurs as a compromise
Trade-off
Pension
Allocation
Interest Rate
2. 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
Profit
Deductions
Unsecured Debt
3. Electronic Funds Transfer
EFT
Disclosure
Loan Shark
Preferred Stock
4. Things that incite or spur to action; rewards or reasons for performing a task.
Expenses
Preferred Stock
Unsecured Loan
Incentives
5. A bank account that accumulates interest
Allocation
Credit
Savings Account
Executor
6. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Loan
Common Stock
Deductible
Withdrawal
7. The percentage of a sum of money charged for its use
Interest Rate
Insolvent
Gross Income
Premium
8. 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.
Foreclosure
Mutual Funds
Loan
Lending Investments
9. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Interest Rate
Asset
SEC Filings
Time value of money
10. 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
Wealth Management
FICA
Income
Probate
11. A bank account that accumulates interest
Net Worth
Incentives
Savings Account
Ownership Investments
12. The process of making a decision - usually complex
Decison-making
Wage
Rent
Issuer
13. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received
Net Income
Pension
Inflation
Tax Liability
14. Bring into consonance or accord - to agree on terms
Pension
Indirect Car Loan
Reconcile
EDGAR
15. Anything that is used to produce goods or services
Resources
Stockholders' Equity
Liability
Late Fee
16. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.
Pension
SEC Filings
Face Value
Exemption
17. Short-term and Long-term objectives that are driven by values.
Financial Goals
Incentives
Forbearance
Payday Loan
18. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
Billing Statement
Credit
Payday Loan
1040 EZ tax form
19. A debt; something disadvantageous
Liability
Wage
401 K
Estate Planning
20. The outcome of an event especially as relative to an individual
Consequence
Yield
Salary
Stock Symbol
21. Loan deal in which the actual lender may not be known to the borrower.
Living Trust
Indirect Car Loan
Trade-off
Taxable Income
22. The money(usually a set amount) given to an individual to spend
Interest-Only Loan
Exemptions
Maturity Date
Personal Allowances
23. The distribution of investment funds among broad classes of assets.
Market Capitalization
Transfer Payments
Phishing
Asset Allocation
24. Money paid to a worker
Wage
Resources
Inflation
Fixed-Rate Loan
25. Items of personal interest to collectors that can increase in value in the future
Ownership Investments
Collectibles
Adjustable-Rate Loan
Certificates of Deposit
26. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
Salary
On-Boarding
Self-Interest
Property Rights
27. The money paid for employee services
Salary
Bank Statement
Deductions
Investing
28. A loan that is paid off in a fixed rate over a period of time
Fixed-Rate Loan
Par Value
Inflation
Trade-off
29. Prompt payment for goods or services in currency or by check
Cash
Return
Market Capitalization
Direct Car Loan
30. A bond with zero discounts
Wealth Management
Allocation
Investing
Zero-Coupon Bond
31. A fixed charge for borrowing money
Loan Shark
Interest
Interest Rate
Securities
32. Loan deal in which the actual lender may not be known to the borrower.
Exemptions
Indirect Car Loan
Cannibalizing assets
Transfer Payments
33. The amount accruing to the corporations owners
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34. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Incentives
Lending Investments
Total Debt
FICA
35. A business activity that changes assets - liabilities - or owner's equity
Risk
Transaction
Beneficiary
Usury
36. The amount of money you would need to deposit now in order to attain a desired amount in the future
Deductible
Present Value
Insurance
Transaction Fee
37. The amount accruing to the corporations owners
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38. Place to create a savings account.
Savings Register
Installment Loan
Personal Allowances
Exchange-Traded Funds
39. Immunity from a general burden - tax or charge; in bankruptcy or judgment executions - that portion of the debtor's property that cannot be liquidiated and applied to her debts
Disclosure
Interest
Exemptions
Interest-Only Loan
40. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
dividends
Premium
Deductible
Credit
41. Savings account that pays market rate or better interest and allows access to funds without penalty.
Expenses
Identity Theft
Inflation
Money Market Accounts
42. Compute credits and debits of an account
SEC Filings
Decison-making
APR
Balance
43. An accounting entry acknowledging income or capital items
Secured Debt
Mortage
Credit
FICA
44. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index
Index Fund
Scarcity
Total Debt
Financial Goals
45. The percentage of a sum of money charged for its use
Insolvent
Financial Goals
Interest Rate
Deductible
46. A loan where the payment is acheived through interest
Interest-Only Loan
Credit
Overdraft protection
W-4
47. Anything that is used to produce goods or services
Executor
Stock Table
Asset
Resources
48. Grant use or occupation of under a term of contract
Income Statement
Rent
Expenses
Profit
49. A debt; something disadvantageous
Investing
Liability
Trade-off
Shares Outstanding
50. A fixed charge for borrowing money
Interest
Investing
401 K
Insolvent