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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. A loan that is paid off in a fixed rate over a period of time
Indirect Car Loan
Fixed-Rate Loan
Balance Sheet
Salary
2. Income before taxes
Yield
Gross Income
Good Faith
Stock Exchanges
3. The recipient of funds or other benefits
Exemptions
Stocks
Beneficiary
Deduction
4. 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
Compound Interest
Self-Interest
Rent
Market Capitalization
5. Short-term and Long-term objectives that are driven by values.
Interest
Maturity Date
Stock Exchanges
Financial Goals
6. Financial reports that summarize the financial condition and operations of a business
Personal Allowances
Good Faith
Financial Statements
Cash
7. Savings account that pays market rate or better interest and allows access to funds without penalty.
Money Market Accounts
Statement of Cash Flows
Late Fee
Expenses
8. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Deductible
Estate Planning
Withdrawal
Inflation
9. A periodic statement prepared by a bank for each client
Deductible
Bank Statement
Total Debt
Annual Report
10. A yearly statement of the financial condition - progress - and expectations of an organization
Annual Report
Net Income
Interest Rate
Pension
11. Someone who has insufficient assets to cover their debts
Lien
Good Faith
Asset Allocation
Insolvent
12. Grant use or occupation of under a term of contract
Asset Allocation
Preferred Stock
Living Trust
Rent
13. The apparent worth as opposed to the real worth
Savings Account
Financial Goals
Face Value
Payday Loan
14. A debt not backed by specific property to satisfy the indebtedness in case of default.
Unsecured Debt
Secured Loan
Cash
Opportunity Cost
15. The date on which a financial obligation must be repaid
Line of Credit
Usury
Maturity Date
On-Boarding
16. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
Asset Allocation
Coverage
Balance Sheet
Profit
17. Receiving money for loaning money
Wage
Expenses
Lending Investments
Personal Budget
18. Things that incite or spur to action; rewards or reasons for performing a task.
Forbearance
Incentives
Debit
Pension
19. A fixed charge for borrowing money
EFT
Interest
Balance
Total Assets
20. The commercial activity of transporting and selling goods from a producer to a consumer
Savings Account
Exchange-Traded Funds
Distribution
Loan
21. Things that incite or spur to action; rewards or reasons for performing a task.
Stock Symbol
Incentives
Personal Budget
Self-Interest
22. Electronic Funds Transfer
Lending Investments
Statement of Cash Flows
Annual Fee
EFT
23. A venture undertaken without regard to possible loss or injury
APR
Opportunity Cost
Risk
Direct Car Loan
24. The money paid for employee services
Annual Report
Mutual Funds
Mutual Funds
Salary
25. Having honest intentions
Good Faith
Time value of money
Bond Rating
Deductible
26. An evaluation by a rating company of the probability that a particular bond issue will default
Risk
Bond Rating
Income
Common Stock
27. A fixed charge for borrowing money
Interest
Phishing
Wealth Management
Distribution
28. An accounting entry acknowledging sums that are owing
Interest Rate
Loan
Debit
Mortage
29. A specific plan for spending your income
Expenses
Identity Theft
Personal Budget
APR
30. Receiving money for loaning money
Savings Register
Deductible
Lending Investments
Tax Liability
31. An accounting entry acknowledging sums that are owing
Decison-making
Financial Statements
Debit
Savings Account
32. A share set aside for a specific purpose
Allocation
Living Trust
Bank Statement
Preferred Stock
33. A legal document declaring a person's wishes regarding the disposal of their property when they die
dividends
Estate Planning
Mortage
Will
34. All costs or bills related to the business
Mutual Funds
Expenses
Transaction
Mutual Funds
35. Financial organization that pools people's money and invests it
Forbearance
Total Assets
401 K
Mutual Funds
36. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Resources
Deduction
Issuer
Bankruptcy
37. Bring into consonance or accord - to agree on terms
Reconcile
Executor
Yield
Credit
38. 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
Beneficiary
Deposit
Bond Rating
39. An institution that issues something (securities or publications or currency etc.)
Liability
Unsecured Debt
Issuer
Payday Loan
40. Loan where the lender goes through the borrower
Gross Income
Transaction
Direct Car Loan
Deductions
41. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
EDGAR
Bond Rating
Total Debt
Secured Debt
42. Arrangement for deferred payment for goods and services
Consequence
Securities
Credit
Stocks
43. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
Values
Float
Financial Goals
Index Fund
44. The act of reducing the selling price of merchandise
Deduction
Direct Car Loan
Zero-Coupon Bond
Forbearance
45. Loan deal in which the actual lender may not be known to the borrower.
Indirect Car Loan
Exemptions
Profit
Stocks
46. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time
Interest Rate
Insolvent
Balance
Vesting
47. A payment given as a guarantee that an obligation will be met
Secured Loan
Deposit
Market Capitalization
Forbearance
48. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Interest-Only Loan
Secured Loan
Secured Loan
Profit
49. Funds that are often times traded through a stock exchange (NYSE)
Bankruptcy
Exchange-Traded Funds
Issuer
Exemption
50. The period covered by a salary payment
Nonprofit Organization
Net Income
Stock Table
Pay Period