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. By planning ahead you can ensure financial stability during your retirement.






2. A debt; something disadvantageous






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






4. A bond with zero discounts






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






6. Money paid to a worker






7. The shares available to sell/buy






8. The process of making a decision - usually complex






9. Simplified IRS tax form which some individuals can file instead of the 1040 form.






10. Arrangement for deferred payment for goods and services






11. A loan backed by something valuable - such as property






12. Place to create a savings account.






13. An accounting entry acknowledging income or capital items






14. An obligation to pay money to another party






15. The extent to which something is covered






16. A financial statement that gives operating results for a specific period






17. 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






18. Loan where the lender goes through the borrower






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






20. Income before taxes






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






22. 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.






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






24. A specific plan for spending your income






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






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






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






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






29. The standard IRS form for individual tax returns.






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






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






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






33. Limited quantities of resources to meet unlimited wants






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






35. A loan that is paid off in a fixed rate over a period of time






36. The percentage of a sum of money charged for its use






37. A debt; something disadvantageous






38. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)






39. The act of taking out money or other capital






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






41. Give back (tax return)






42. A financial statement that gives operating results for a specific period






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






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






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






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






47. A loan that is paid off in a fixed rate over a period of time






48. Something that is made open or revealed






49. An exchange that occurs as a compromise






50. Funds that are often times traded through a stock exchange (NYSE)