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. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount






2. Money paid to a worker






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






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






5. A general and progressive increase in prices






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






7. An institution that issues something (securities or publications or currency etc.)






8. Shares of ownership in a company






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






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






11. An accounting entry acknowledging income or capital items






12. All costs or bills related to the business






13. A payment given as a guarantee that an obligation will be met






14. Give back (tax return)






15. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights






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






17. Making money for owning something






18. Compute credits and debits of an account






19. 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






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






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






22. Place to create a savings account.






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






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






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






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






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






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






29. Bring into consonance or accord - to agree on terms






30. The standard IRS form for individual tax returns.






31. 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.






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






33. Concern for ones own well being and advantages






34. The recipient of funds or other benefits






35. Compute credits and debits of an account






36. A debt; something disadvantageous






37. The amount accruing to the corporations owners

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38. Something that is made open or revealed






39. Making money for owning something






40. The extent to which something is covered






41. Electronic Funds Transfer






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






43. An accounting entry acknowledging sums that are owing






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






45. Maintain by writing regular records






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






47. A delay in enforcing rights or claims or privileges






48. A loan where the payment is acheived through interest






49. The shares available to sell/buy






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