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. Institution that functions much like a business - but does not operate for the purpose of generating profits






2. A business activity that changes assets - liabilities - or owner's equity






3. Concern for ones own well being and advantages






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






5. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure






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






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






8. 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.






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






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






11. The amount of tax owed






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






13. Whatever must be given up to obtain some item






14. Give back (tax return)






15. 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






16. An act of economizing






17. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)






18. 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






19. A delay in enforcing rights or claims or privileges






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






21. Short-term and Long-term objectives that are driven by values.






22. Programs aimed at helping employees integrate - assimilate - and transition to new jobs






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






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






25. Electronic Funds Transfer






26. Maintain by writing regular records






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






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






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






30. The act of reducing the selling price of merchandise






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






32. The commercial activity of transporting and selling goods from a producer to a consumer






33. The amount of money you would need to deposit now in order to attain a desired amount in the future






34. Profits paid to investors






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






36. A loan backed by something valuable - such as property






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






38. Maintain by writing regular records






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






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






41. Certificates that represent money the government has borrowed from private citizens






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






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






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






45. A person appointed by a testator to carry out the terms of the will






46. Limited quantities of resources to meet unlimited wants






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






48. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index






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






50. Protection against future loss