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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 outcome of an event especially as relative to an individual






2. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default






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






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






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






6. Preparing a plan for transferring property during one's lifetime and at one's death






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






8. Total assets minus total liabilities






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






10. Place to create a savings account.






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






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






13. The maximum credit that a customer is allowed






14. Production of a certain amount






15. Whatever must be given up to obtain some item






16. An accounting entry acknowledging sums that are owing






17. The value of a security that is set by the company issuing it






18. An evaluation by a rating company of the probability that a particular bond issue will default






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






20. Loan where the lender goes through the borrower






21. 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.






22. Something of value; a resource; an advantage






23. A loan where the payment is acheived through interest






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






25. 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






26. A loan in which the rate can be altered to adjust to economical need






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






28. The extent to which something is covered






29. Electronic Data Gathering Analysis and Retrieval - the electronic system used by the SEC to enable investors to search electronically for financial reports filed by individual companies






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






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






32. The act of taking out money or other capital






33. The recipient of funds or other benefits






34. 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.






35. The recipient of funds or other benefits






36. Stock other than preferred stock






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






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






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






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






41. Things that incite or spur to action; rewards or reasons for performing a task.






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






43. Having honest intentions






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






45. All costs or bills related to the business






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






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






48. A share set aside for a specific purpose






49. Maintain by writing regular records






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







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Can you answer 50 questions in 15 minutes?


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