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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. Stock other than preferred stock
Interest-Only Loan
Rent
Billing Statement
Common Stock
2. Business organizations that accommodate the buying and selling of securities.
Stock Exchanges
Stock Symbol
Transaction
Balance Sheet
3. Certificates that represent money the government has borrowed from private citizens
Cannibalizing assets
Deductions
Bonds
Face Value
4. Receiving money for loaning money
Lending Investments
Reconcile
Adjustable-Rate Loan
Cash
5. The money(usually a set amount) given to an individual to spend
Incentives
Liability
I-9
Personal Allowances
6. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Par Value
Balance Sheet
Profit
Total Assets
7. Loan deal in which the actual lender may not be known to the borrower.
Vesting
Float
Net Income
Indirect Car Loan
8. The money paid for employee services
Installment Loan
Salary
Overdraft protection
Personal Allowances
9. The shares available to sell/buy
Shares Outstanding
Resources
Transaction
Deductions
10. 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
Pay Period
Bonds
Deductions
FICA
11. Short-term and Long-term objectives that are driven by values.
Debt Consolidation
Income Statement
Reconcile
Financial Goals
12. Things that incite or spur to action; rewards or reasons for performing a task.
Debit
FICA
EFT
Incentives
13. Can be found in a newspaper and shows information about popular stocks.
Secured Loan
EFT
Stock Table
Bond Rating
14. Someone who lends money at excessive rates of interest
Scarcity
Savings Register
Loan Shark
Transfer Payments
15. Production of a certain amount
Disclosure
Risk
Yield
Profit
16. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Foreclosure
Liability
Mutual Funds
Par Value
17. The apparent worth as opposed to the real worth
Stock Exchanges
Face Value
W-4
Index Fund
18. 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
Distribution
Secured Loan
Market Capitalization
Beneficiary
19. A share set aside for a specific purpose
Line of Credit
Allocation
Issuer
Financial Statements
20. The process of managing one's assets and wealth
Stocks
Maturity Date
Wealth Management
Preferred Stock
21. The money(usually a set amount) given to an individual to spend
Personal Allowances
Stock Exchanges
Issuer
Transaction
22. Financial organization that pools people's money and invests it
Mutual Funds
Disclosure
Coupon Rate
Liability
23. The percentage of a sum of money charged for its use
Overdraft protection
Income
Interest Rate
Interest
24. Funds that pay part of their distributions out of principal cannibalize their assets. This depletes the fund's asset base. Funds cannibalize assets to maintain a dividend and keep shareholders happy. However - like feeding a cow its own milk - this p
Cannibalizing assets
Mortage
Gross Income
Payday Loan
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
Market Capitalization
Direct Car Loan
EDGAR
Mutual Funds
26. A loan where the payment is acheived through interest
Income Statement
Interest-Only Loan
Net Income
Nonprofit Organization
27. 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
Reconcile
APR
Collectibles
1040 EZ tax form
28. A specific plan for spending your income
Personal Budget
Checkbook Register
Mortage
Inflation
29. 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.
Zero-Coupon Bond
Loan Shark
Estate Planning
Predatory Lending
30. Making money for owning something
Ownership Investments
Allocation
Transfer Payments
Exchange-Traded Funds
31. Loan with equal number of payments of the same amount over a fixed period of time.
Index Fund
Installment Loan
Interest-Only Loan
Bank Statement
32. 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.
Cash
Balance
Inflation
Interest Rate
33. A tax-deferred investment and savings plan that acts as a personal pension fund for employees
Payday Loan
Time value of money
401 K
Interest Rate
34. A share set aside for a specific purpose
Distribution
Credit
Allocation
Lien
35. Prompt payment for goods or services in currency or by check
Foreclosure
Cash
FICA
Deduction
36. 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.
Unsecured Loan
Stockholders' Equity
Investing
Financial Goals
37. The commercial activity of transporting and selling goods from a producer to a consumer
Transaction Fee
Asset
Distribution
Reconcile
38. An evaluation by a rating company of the probability that a particular bond issue will default
Bond Rating
Checkbook Register
Interest
Forbearance
39. The time interval between the deposit of a check in a bank and its payment
Transfer Payments
Overdraft protection
Float
Statement of Cash Flows
40. Anything that is used to produce goods or services
Deduction
Probate
Index Fund
Resources
41. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.
Deductions
Float
Asset
Total Debt
42. The date on which a financial obligation must be repaid
Rent
Deductible
Securities
Maturity Date
43. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
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401 K
Bankruptcy
Executor
44. The date on which a financial obligation must be repaid
Trade-off
Inflation
Money Market Accounts
Maturity Date
45. An automatic loan made to you if you write a check for more money than you have in your account
Exchange-Traded Funds
Overdraft protection
Personal Allowances
Predatory Lending
46. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Preferred Stock
Unsecured Loan
Mortage
Beneficiary
47. Loan where the lender goes through the borrower
Total Assets
Compound Interest
Time value of money
Direct Car Loan
48. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Exemptions
Yield
Total Assets
Allocation
49. An amount that credit card companies can charge for the use of a credit card.
FICA
Withdrawal
Annual Fee
Wealth Management
50. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Exemption
Loan Shark
Estate Planning
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