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 excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received






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






3. Concern for ones own well being and advantages






4. Shares of ownership in a company






5. Whatever must be given up to obtain some item






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






7. A general and progressive increase in prices






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






9. The apparent worth as opposed to the real worth






10. 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.






11. The process of making a decision - usually complex






12. Interest calculated on both the principal and the accrued interest






13. The percentage of a sum of money charged for its use






14. Receiving money for loaning money






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






16. Give back (tax return)






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






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






19. Concern for ones own well being and advantages






20. Electronic Funds Transfer






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






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






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






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






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






26. Income before taxes






27. Money paid to a worker






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






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






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






31. The amount accruing to the corporations owners

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32. The right to take another's property if an obligation is not discharged






33. 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






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






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






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






37. The amount of tax owed






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






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






40. 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.






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






42. A delay in enforcing rights or claims or privileges






43. Stock other than preferred stock






44. An estimation of the value of a business that is obtained by multiplying the number of shares outstanding by the current price of a share






45. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.






46. An exchange that occurs as a compromise






47. The economical needs of an individual






48. The act of reducing the selling price of merchandise






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






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