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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. Certificates that represent money the government has borrowed from private citizens
Payday Loan
Bonds
Interest-Only Loan
Fixed-Rate Loan
2. The commercial activity of transporting and selling goods from a producer to a consumer
Loan Shark
Disclosure
Distribution
Nonprofit Organization
3. Payment for insurance
Probate
Premium
Interest-Only Loan
Line of Credit
4. Income on which tax must be paid; total income minus exemptions and deductions
Compound Interest
Taxable Income
Credit
Lending Investments
5. Bring into consonance or accord - to agree on terms
Rent
Reconcile
Net Worth
Pension
6. Compute credits and debits of an account
Transfer Payments
Balance
Overdraft protection
Preferred Stock
7. Funds that are often times traded through a stock exchange (NYSE)
Maturity Date
Consequence
Exchange-Traded Funds
Securities
8. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Float
Loan Shark
Preferred Stock
Annual Fee
9. A loan in which the rate can be altered to adjust to economical need
Financial Institution
Good Faith
Insolvent
Adjustable-Rate Loan
10. Having honest intentions
Ownership Investments
Good Faith
Interest Rate
Beneficiary
11. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Bankruptcy
Stock Exchanges
Foreclosure
Zero-Coupon Bond
12. The act of lending money at an exorbitant rate of interest
Balance Sheet
Annual Fee
Usury
Premium
13. The extent to which something is covered
Coverage
Direct Car Loan
Interest Rate
Securities
14. Certificates that represent money the government has borrowed from private citizens
Stock Exchanges
Stock Exchanges
Bonds
dividends
15. Whatever must be given up to obtain some item
Interest Rate
Opportunity Cost
Usury
Zero-Coupon Bond
16. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Issuer
Preferred Stock
Installment Loan
Float
17. Financial organization that pools people's money and invests it
Property Rights
Mutual Funds
Net Worth
Balance
18. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Overdraft protection
Total Debt
SEC Filings
Credit
19. A penalty for making a payment after the due date
Unsecured Debt
Inflation
Cash
Late Fee
20. Simplified IRS tax form which some individuals can file instead of the 1040 form.
Stock Exchanges
Index Fund
1040 EZ tax form
Pay Period
21. The money(usually a set amount) given to an individual to spend
Indirect Car Loan
Insolvent
Personal Allowances
Expenses
22. The rights of an individual to own - use - rent - invest in - buy - and sell property.
Property Rights
Pay Period
Line of Credit
Coverage
23. A bank account that accumulates interest
Savings Account
Financial Institution
Indirect Car Loan
Property Rights
24. A tax-deferred investment and savings plan that acts as a personal pension fund for employees
401 K
Income
Indirect Car Loan
1040 tax form
25. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Time value of money
Balance Sheet
Market Capitalization
Forbearance
26. Give back (tax return)
Maintain
Interest Rate
Return
Loan
27. The value of a security that is set by the company issuing it
Market Capitalization
Exemption
Reconcile
Par Value
28. Simplified IRS tax form which some individuals can file instead of the 1040 form.
1040 EZ tax form
Inflation
Exchange-Traded Funds
Incentives
29. A loan where the payment is acheived through interest
Interest-Only Loan
Balance Sheet
Personal Allowances
Trade-off
30. A debt not backed by specific property to satisfy the indebtedness in case of default.
Unsecured Debt
Good Faith
Nonprofit Organization
1040 EZ tax form
31. 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.
Net Worth
Face Value
Predatory Lending
1040 tax form
32. The act of taking out money or other capital
Allocation
Lending Investments
Withdrawal
Installment Loan
33. The act of reducing the selling price of merchandise
Face Value
Deduction
Net Worth
Self-Interest
34. Savings account that pays market rate or better interest and allows access to funds without penalty.
Securities
Money Market Accounts
Zero-Coupon Bond
Transaction Fee
35. The percentage of a sum of money charged for its use
Risk
Interest Rate
Annual Report
Direct Car Loan
36. The financial gain (earned or unearned) accruing over a given period of time
Zero-Coupon Bond
Net Worth
Income
FICA
37. A bond with zero discounts
Zero-Coupon Bond
Will
Self-Interest
Insolvent
38. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.
Statement of Cash Flows
Present Value
Debit
Issuer
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
Exemptions
Late Fee
Face Value
Unsecured Loan
40. The commercial activity of transporting and selling goods from a producer to a consumer
Distribution
Maintain
Asset
Taxable Income
41. Concern for ones own well being and advantages
Disclosure
Net Income
Self-Interest
Good Faith
42. A record of checks written and deposits made in a checking account - kept by the depositor
Secured Loan
Checkbook Register
Allocation
Wage
43. A specific plan for spending your income
Asset
dividends
Common Stock
Personal Budget
44. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.
Cannibalizing assets
Pay Period
Living Trust
Statement of Cash Flows
45. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
Executor
Disclosure
Values
Stock Table
46. Financial organization that pools people's money and invests it
Distribution
Mutual Funds
Insolvent
Property Rights
47. The amount accruing to the corporations owners
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48. A financial statement that gives operating results for a specific period
Balance
Usury
Income Statement
Taxable Income
49. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
Installment Loan
Billing Statement
Bankruptcy
Bond Rating
50. The act of committing money or capital to an endeavor (a business - project - real estate - etc.) with the expectation of obtaining an additional income or profit.
Secured Loan
Foreclosure
Maintain
Investing