SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
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. Maintain by writing regular records
Bond Rating
Will
Statement of Cash Flows
Maintain
2. Shares of ownership in a company
Stocks
Vesting
Opportunity Cost
Present Value
3. A yearly statement of the financial condition - progress - and expectations of an organization
Annual Report
Forbearance
Resources
Total Assets
4. An obligation to pay money to another party
Liability
Checkbook Register
Executor
Exemption
5. The act of taking out money or other capital
Insolvent
Investing
Withdrawal
APR
6. A payment given as a guarantee that an obligation will be met
Deposit
Vesting
Expenses
dividends
7. Financial reports that summarize the financial condition and operations of a business
Nonprofit Organization
Lending Investments
Financial Statements
Profit
8. Bring into consonance or accord - to agree on terms
Transfer Payments
Overdraft protection
Annual Fee
Reconcile
9. A financial statement that gives operating results for a specific period
Financial Statements
Income Statement
W-4
Annual Report
10. The money paid for employee services
Salary
Payday Loan
Mutual Funds
Face Value
11. Electronic Funds Transfer
EFT
Mutual Funds
Self-Interest
FICA
12. A venture undertaken without regard to possible loss or injury
401 K
Personal Allowances
Risk
Billing Statement
13. Business organizations that accommodate the buying and selling of securities.
Stock Exchanges
Incentives
Pension
Installment Loan
14. 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
Installment Loan
APR
Credit
Asset
15. The amount of money you would need to deposit now in order to attain a desired amount in the future
Present Value
Opportunity Cost
Self-Interest
Financial Institution
16. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail
Consequence
Personal Budget
Phishing
Risk
17. The amount accruing to the corporations owners
Warning
: Invalid argument supplied for foreach() in
/var/www/html/basicversity.com/show_quiz.php
on line
183
18. Loan where the lender goes through the borrower
Income Statement
Income
Direct Car Loan
I-9
19. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
Identity Theft
Liability
Deductible
Values
20. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Probate
Balance Sheet
Forbearance
Coverage
21. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.
Opportunity Cost
Statement of Cash Flows
Financial Institution
Fixed-Rate Loan
22. The act of taking out money or other capital
On-Boarding
Withdrawal
Wealth Management
Exemption
23. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Deductions
Financial Institution
Phishing
401 K
24. A periodic statement prepared by a bank for each client
Self-Interest
Bank Statement
Exemptions
Interest Rate
25. A debt not backed by specific property to satisfy the indebtedness in case of default.
Bankruptcy
Unsecured Debt
Stock Symbol
Living Trust
26. A financial statement that gives operating results for a specific period
Risk
Financial Institution
Income Statement
Time value of money
27. Income on which tax must be paid; total income minus exemptions and deductions
Taxable Income
Scarcity
Trade-off
Ownership Investments
28. The financial gain (earned or unearned) accruing over a given period of time
Checkbook Register
Asset
Income
W-4
29. The shares available to sell/buy
Incentives
Liability
Shares Outstanding
Coupon Rate
30. The process of making a decision - usually complex
Insolvent
Decison-making
Net Worth
Line of Credit
31. 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.
Bank Statement
Disclosure
Statement of Cash Flows
W-4
32. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
EFT
Zero-Coupon Bond
Stock Symbol
Net Worth
33. The apparent worth as opposed to the real worth
Securities
Face Value
Tax Liability
Deductible
34. Money paid to a worker
Annual Fee
Compound Interest
Investing
Wage
35. Short-term and Long-term objectives that are driven by values.
Good Faith
Financial Goals
Secured Loan
Resources
36. An exchange that occurs as a compromise
Trade-off
Index Fund
FICA
Lending Investments
37. Diagnosis Codes (in CCB Popup if more then 5 codes)
Financial Institution
Expenses
I-9
Financial Institution
38. A penalty for making a payment after the due date
Deductions
Probate
Exchange-Traded Funds
Late Fee
39. 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.
Lien
Line of Credit
Predatory Lending
Insurance
40. The outcome of an event especially as relative to an individual
Estate Planning
Total Assets
Consequence
Mutual Funds
41. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
Checkbook Register
Shares Outstanding
Billing Statement
Coverage
42. The period covered by a salary payment
Liability
EDGAR
Pay Period
Living Trust
43. An accounting entry acknowledging income or capital items
Transfer Payments
Transaction
Deposit
Credit
44. A loan backed by something valuable - such as property
Total Debt
Bank Statement
Tax Liability
Secured Loan
45. Total assets minus total liabilities
Certificates of Deposit
Mutual Funds
Net Worth
Expenses
46. Anything that is used to produce goods or services
Resources
Wage
Financial Statements
Debit
47. By planning ahead you can ensure financial stability during your retirement.
Premium
Compound Interest
Self-Interest
Retirement Planning
48. Arrangement for deferred payment for goods and services
Credit
On-Boarding
Direct Car Loan
Par Value
49. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Cash
Total Assets
Reconcile
Net Income
50. A business activity that changes assets - liabilities - or owner's equity
Risk
Credit
Transaction
Return