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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. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received
Wealth Management
Phishing
Savings Account
Net Income
2. An obligation to pay money to another party
Withdrawal
Liability
Will
Rent
3. Compute credits and debits of an account
Estate Planning
Identity Theft
Trade-off
Balance
4. An automatic loan made to you if you write a check for more money than you have in your account
Insolvent
Financial Institution
Overdraft protection
Income Statement
5. Savings account that pays market rate or better interest and allows access to funds without penalty.
Money Market Accounts
Line of Credit
Ownership Investments
Lien
6. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Foreclosure
Secured Debt
Profit
Risk
7. An accounting entry acknowledging income or capital items
Credit
Risk
Taxable Income
APR
8. The act of reducing the selling price of merchandise
dividends
Liability
Adjusted Gross Income
Deduction
9. Having honest intentions
Asset
Good Faith
Trade-off
Liability
10. Loan deal in which the actual lender may not be known to the borrower.
Living Trust
Wage
Indirect Car Loan
Annual Report
11. Grant use or occupation of under a term of contract
Yield
Total Assets
Unsecured Loan
Rent
12. Whatever must be given up to obtain some item
EFT
Usury
Common Stock
Opportunity Cost
13. Financial organization that pools people's money and invests it
Incentives
Estate Planning
Mutual Funds
Secured Loan
14. The amount of tax owed
Trade-off
Tax Liability
Annual Report
Overdraft protection
15. A debt; something disadvantageous
Estate Planning
W-4
Nonprofit Organization
Liability
16. 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
APR
Transfer Payments
W-4
On-Boarding
17. A loan where the payment is acheived through interest
Total Assets
Mutual Funds
Loan
Interest-Only Loan
18. A person appointed by a testator to carry out the terms of the will
Transaction Fee
Stock Symbol
Securities
Executor
19. 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
APR
Interest
Asset
Total Assets
20. Stock other than preferred stock
Zero-Coupon Bond
Common Stock
Adjustable-Rate Loan
Wage
21. Simplified IRS tax form which some individuals can file instead of the 1040 form.
1040 EZ tax form
Savings Account
Index Fund
Distribution
22. The amount accruing to the corporations owners
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23. The date on which a financial obligation must be repaid
Maturity Date
Balance
Liability
Personal Allowances
24. A payment given as a guarantee that an obligation will be met
Asset
Balance Sheet
Personal Allowances
Deposit
25. Give back (tax return)
Beneficiary
Return
Insurance
Withdrawal
26. A regular payment to a person that iis intended to allow them to subsist without working
Pension
Savings Account
Total Debt
Bonds
27. Financial organization that pools people's money and invests it
Interest-Only Loan
Secured Loan
Transaction
Mutual Funds
28. Something that is made open or revealed
Certificates of Deposit
Ownership Investments
Disclosure
Mutual Funds
29. A business activity that changes assets - liabilities - or owner's equity
Maintain
Financial Statements
Transaction
Secured Loan
30. The act of lending money at an exorbitant rate of interest
Usury
Risk
Consequence
Expenses
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.
W-4
Balance Sheet
Vesting
Stockholders' Equity
32. A loan that is paid off in a fixed rate over a period of time
Gross Income
Loan
Foreclosure
Fixed-Rate Loan
33. An institution that issues something (securities or publications or currency etc.)
Stock Exchanges
Issuer
Unsecured Loan
Inflation
34. Short for Federal Insurance Contributions Act - the name given on the paycheck stub for Social Security and Medicare taxes. The employee pays some of the FICA tax - and and the employer pays some of this tax for each employee. Social Security pays be
Predatory Lending
Personal Budget
FICA
Income
35. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)
Unsecured Loan
APR
Pension
1040 tax form
36. Something of value; a resource; an advantage
Probate
Net Worth
Asset
Debit
37. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail
Income
Shares Outstanding
Phishing
1040 tax form
38. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Phishing
Lending Investments
Stock Symbol
Deductible
39. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Consequence
Coverage
Liability
Securities
40. Concern for ones own well being and advantages
Self-Interest
Exchange-Traded Funds
Expenses
Total Debt
41. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Time value of money
Asset Allocation
Exemption
Financial Institution
42. 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.
Credit
Payday Loan
W-4
Total Assets
43. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Net Worth
Present Value
Disclosure
Bankruptcy
44. Funds that are often times traded through a stock exchange (NYSE)
Exchange-Traded Funds
Insurance
Allocation
Maturity Date
45. Income on which tax must be paid; total income minus exemptions and deductions
Debit
Taxable Income
Asset
Ownership Investments
46. A business activity that changes assets - liabilities - or owner's equity
Annual Report
Retirement Planning
Transaction
Tax Liability
47. Savings account that pays market rate or better interest and allows access to funds without penalty.
Money Market Accounts
Opportunity Cost
Bank Statement
Transaction
48. Someone who lends money at excessive rates of interest
Annual Report
Loan Shark
Salary
SEC Filings
49. A loan backed by something valuable - such as property
Installment Loan
Exemptions
Good Faith
Secured Loan
50. The rights of an individual to own - use - rent - invest in - buy - and sell property.
Pension
Coverage
Distribution
Property Rights