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






2. Maintain by writing regular records






3. A fixed charge for borrowing money






4. The process of making a decision - usually complex






5. A periodic statement prepared by a bank for each client






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






7. An amount of money given to the borrower for a set period of time. After the set time has passed - the money must be paid back plus the lending fee - called interest. Payments are normally made over a series of months.






8. The rights of an individual to own - use - rent - invest in - buy - and sell property.






9. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)






10. The outcome of an event especially as relative to an individual






11. Interest calculated on both the principal and the accrued interest






12. Profits paid to investors






13. Programs aimed at helping employees integrate - assimilate - and transition to new jobs






14. The amount of tax owed






15. The economical needs of an individual






16. 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.






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






18. Short-term and Long-term objectives that are driven by values.






19. Limited quantities of resources to meet unlimited wants






20. The financial gain (earned or unearned) accruing over a given period of time






21. The maximum credit that a customer is allowed






22. Loan deal in which the actual lender may not be known to the borrower.






23. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation






24. A yearly statement of the financial condition - progress - and expectations of an organization






25. 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






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






27. Financial reports that summarize the financial condition and operations of a business






28. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements






29. Payment for insurance






30. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy






31. 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






32. An accounting entry acknowledging income or capital items






33. The co-option of another person's personal information (e.g. - name - social security number - credit card number - passport) without that person's knowledge and the fraudulent use of such knowledge






34. A general and progressive increase in prices






35. Loan where the lender goes through the borrower






36. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group






37. Loan deal in which the actual lender may not be known to the borrower.






38. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)






39. Having honest intentions






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






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






42. The shares available to sell/buy






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






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






45. A penalty for making a payment after the due date






46. Diagnosis Codes (in CCB Popup if more then 5 codes)






47. A share set aside for a specific purpose






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






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






50. A payment given as a guarantee that an obligation will be met