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 loan where the payment is acheived through interest






2. The interest rate that a bond issuer will pay to a bondholder






3. An automatic loan made to you if you write a check for more money than you have in your account






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






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






6. Having honest intentions






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






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






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






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






11. Limited quantities of resources to meet unlimited wants






12. Maintain by writing regular records






13. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company






14. The maximum credit that a customer is allowed






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






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






17. The economical needs of an individual






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






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






20. The fee - expressed as a percentage - a borrower owes for the use of a creditor's money. At an interest rate of 10% - a borrower would pay $110 for $100 borrowed.






21. Something of value; a resource; an advantage






22. Stock other than preferred stock






23. An extra charge for various credit activities such as using an ATM or receiving a cash advance






24. A long-term loan extended to someone who buys property






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






26. Someone who has insufficient assets to cover their debts






27. The act of taking out money or other capital






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






29. A tax-deferred investment and savings plan that acts as a personal pension fund for employees






30. Something that is made open or revealed






31. An amount that credit card companies can charge for the use of a credit card.






32. 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.






33. A general and progressive increase in prices






34. The amount of tax owed






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






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






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






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






39. The apparent worth as opposed to the real worth






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






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






42. The date on which a financial obligation must be repaid






43. The shares available to sell/buy






44. Money paid to a worker






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






46. The standard IRS form for individual tax returns.






47. Maintain by writing regular records






48. 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.






49. Electronic Funds Transfer






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