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






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






3. 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.






4. A share set aside for a specific purpose






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






6. An exchange that occurs as a compromise






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






8. A general and progressive increase in prices






9. Is your gross income after certain reductions have been made






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






11. Shares of ownership in a company






12. Production of a certain amount






13. Total assets minus total liabilities






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






15. A fixed charge for borrowing money






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






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






18. The value of a security that is set by the company issuing it






19. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)






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






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






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






23. A yearly statement of the financial condition - progress - and expectations of an organization






24. A debt not backed by specific property to satisfy the indebtedness in case of default.






25. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index






26. An amount that credit card companies can charge for the use of a credit card.






27. Debt backed by a mortgage - pledge of collateral - or other lien; debt for which the creditor has the right to pursue specific pledged property upon default. Examples include home mortgages - auto loans and tax liens.






28. Someone who has insufficient assets to cover their debts






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






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






31. The amount accruing to the corporations owners

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32. The extent to which something is covered






33. A delay in enforcing rights or claims or privileges






34. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month






35. An act of economizing






36. An amount that credit card companies can charge for the use of a credit card.






37. The process of managing one's assets and wealth






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. Anything that is used to produce goods or services






40. Place to create a savings account.






41. 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






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






43. An accounting entry acknowledging sums that are owing






44. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail






45. A share set aside for a specific purpose






46. Concern for ones own well being and advantages






47. The date on which a financial obligation must be repaid






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






49. 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.






50. Concern for ones own well being and advantages