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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 debt; something disadvantageous
Liability
Debit
Financial Needs
Lending Investments
2. All costs or bills related to the business
Total Assets
Late Fee
Expenses
Deductible
3. A penalty for making a payment after the due date
Collectibles
Scarcity
Late Fee
Investing
4. Grant use or occupation of under a term of contract
Rent
Phishing
Annual Report
Transaction Fee
5. The maximum credit that a customer is allowed
Bank Statement
401 K
Line of Credit
Profit
6. Receiving money for loaning money
Issuer
Money Market Accounts
Lending Investments
Installment Loan
7. Preparing a plan for transferring property during one's lifetime and at one's death
Estate Planning
Trade-off
SEC Filings
Opportunity Cost
8. The amount accruing to the corporations owners
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9. The date on which a financial obligation must be repaid
Phishing
Deduction
Maturity Date
Resources
10. An institution that issues something (securities or publications or currency etc.)
Common Stock
Premium
Rent
Issuer
11. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Certificates of Deposit
Adjustable-Rate Loan
Living Trust
EFT
12. The apparent worth as opposed to the real worth
Mortage
Exchange-Traded Funds
Face Value
Common Stock
13. The time interval between the deposit of a check in a bank and its payment
Float
Phishing
Debit
Financial Statements
14. A specific plan for spending your income
Personal Budget
Interest-Only Loan
Expenses
Wage
15. Diagnosis Codes (in CCB Popup if more then 5 codes)
Bond Rating
I-9
Exemptions
Personal Budget
16. Cash payments made by the government to people who do not supply goods - services - or labor in exchange for these payments. They include Social Security benefits - veterans' benefits - and welfare payments.
Asset
Transfer Payments
SEC Filings
Credit
17. Interest calculated on both the principal and the accrued interest
Ownership Investments
Coverage
Compound Interest
Payday Loan
18. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Savings Account
Bankruptcy
1040 tax form
Stock Symbol
19. The shares available to sell/buy
Vesting
Mutual Funds
Overdraft protection
Shares Outstanding
20. An accounting entry acknowledging income or capital items
Interest
Wealth Management
Reconcile
Credit
21. Income on which tax must be paid; total income minus exemptions and deductions
Taxable Income
Maintain
Predatory Lending
1040 tax form
22. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received
Adjustable-Rate Loan
Net Income
Interest Rate
Tax Liability
23. Simplified IRS tax form which some individuals can file instead of the 1040 form.
I-9
Pay Period
Lien
1040 EZ tax form
24. The date on which a financial obligation must be repaid
Net Worth
Maturity Date
Income
I-9
25. A payment given as a guarantee that an obligation will be met
Certificates of Deposit
Deposit
Predatory Lending
Interest Rate
26. Arrangement for deferred payment for goods and services
Total Assets
1040 tax form
Financial Institution
Credit
27. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received
SEC Filings
Net Income
Exchange-Traded Funds
Unsecured Loan
28. Something that is made open or revealed
401 K
Maintain
Phishing
Disclosure
29. 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.
Maturity Date
Par Value
dividends
W-4
30. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
Liability
Values
Personal Budget
Exemption
31. Funds that pay part of their distributions out of principal cannibalize their assets. This depletes the fund's asset base. Funds cannibalize assets to maintain a dividend and keep shareholders happy. However - like feeding a cow its own milk - this p
Cannibalizing assets
Insurance
Savings Register
Statement of Cash Flows
32. A tax-deferred investment and savings plan that acts as a personal pension fund for employees
401 K
Asset Allocation
Annual Fee
Phishing
33. The co-option of another person's personal information (e.g. - name - social security number - credit card number - passport) without that person's knowledge and the fraudulent use of such knowledge
Identity Theft
Secured Debt
Predatory Lending
Maintain
34. All costs or bills related to the business
Time value of money
Expenses
Interest-Only Loan
Stock Table
35. The interest rate that a bond issuer will pay to a bondholder
Trade-off
Coupon Rate
Inflation
dividends
36. A business activity that changes assets - liabilities - or owner's equity
Transaction
Stocks
Bond Rating
Credit
37. A tax-deferred investment and savings plan that acts as a personal pension fund for employees
401 K
Maintain
Interest
Money Market Accounts
38. Business organizations that accommodate the buying and selling of securities.
Statement of Cash Flows
Expenses
Pay Period
Stock Exchanges
39. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Balance Sheet
Deductions
Profit
Cash
40. 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.
Secured Debt
Saving
Annual Report
Credit
41. 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
Indirect Car Loan
Secured Debt
EDGAR
Index Fund
42. Any of a number of fraudulent - deceptive - discriminatory - or unfavorable lending practices. Many of these practices are illegal - while others are legal but not in the best interest of the borrowers.
Deposit
Predatory Lending
Income Statement
Adjusted Gross Income
43. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Lien
Certificates of Deposit
Shares Outstanding
Bond Rating
44. Maintain by writing regular records
Reconcile
Transaction
Maintain
Billing Statement
45. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time
Transfer Payments
Vesting
Property Rights
Stocks
46. An extra charge for various credit activities such as using an ATM or receiving a cash advance
Annual Report
Secured Loan
Bond Rating
Transaction Fee
47. 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
Secured Loan
Debit
Bonds
Market Capitalization
48. A person appointed by a testator to carry out the terms of the will
Executor
Pay Period
Mortage
Overdraft protection
49. Funds that are often times traded through a stock exchange (NYSE)
Loan
Billing Statement
Savings Account
Exchange-Traded Funds
50. Prompt payment for goods or services in currency or by check
Adjustable-Rate Loan
Cash
Bond Rating
Pay Period