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 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.






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






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






4. A bank account that accumulates interest






5. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt






6. An exchange that occurs as a compromise






7. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure






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






9. The distribution of investment funds among broad classes of assets.






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






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






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






13. Having honest intentions






14. Protection against future loss






15. Beliefs of a person or social group in which they have an emotional investment (either for or against something)






16. Someone who lends money at excessive rates of interest






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






18. Maintain by writing regular records






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






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






21. 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.






22. An obligation to pay money to another party






23. A delay in enforcing rights or claims or privileges






24. Give back (tax return)






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






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






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






28. The period covered by a salary payment






29. Arrangement for deferred payment for goods and services






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






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






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






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






34. An accounting entry acknowledging income or capital items






35. Someone who lends money at excessive rates of interest






36. An exchange that occurs as a compromise






37. Profits paid to investors






38. Immunity from a general burden - tax or charge; in bankruptcy or judgment executions - that portion of the debtor's property that cannot be liquidiated and applied to her debts






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






40. The time interval between the deposit of a check in a bank and its payment






41. Making money for owning something






42. Something that is made open or revealed






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






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






45. Bring into consonance or accord - to agree on terms






46. The maximum credit that a customer is allowed






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






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






49. Profits paid to investors






50. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.