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. A bank account that accumulates interest






2. An institution that issues something (securities or publications or currency etc.)






3. Things that incite or spur to action; rewards or reasons for performing a task.






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






5. 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






6. An accounting entry acknowledging sums that are owing






7. A debt; something disadvantageous






8. Receiving money for loaning money






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






10. Having honest intentions






11. Electronic Data Gathering Analysis and Retrieval - the electronic system used by the SEC to enable investors to search electronically for financial reports filed by individual companies






12. Someone who lends money at excessive rates of interest






13. Making money for owning something






14. The amount accruing to the corporations owners

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15. A general and progressive increase in prices






16. Production of a certain amount






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






18. The money paid for employee services






19. Income before taxes






20. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money






21. A specific plan for spending your income






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






23. The extent to which something is covered






24. 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.






25. A bank account that accumulates interest






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






27. An obligation to pay money to another party






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






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






30. Making money for owning something






31. The withholding form each new employee fills out - stating the number of exemptions. the more exemptions listed - the less withholding tax will be taken from the paycheck.






32. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount






33. Compute credits and debits of an account






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






35. Loan with equal number of payments of the same amount over a fixed period of time.






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






37. A fixed charge for borrowing money






38. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money






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






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






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






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






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






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






45. A person appointed by a testator to carry out the terms of the will






46. Place to create a savings account.






47. The act of reducing the selling price of merchandise






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






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






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