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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. Someone who has insufficient assets to cover their debts
Loan Shark
Insolvent
Stock Exchanges
Checkbook Register
2. Financial reports that summarize the financial condition and operations of a business
Loan Shark
Financial Statements
Insurance
Profit
3. The process of managing one's assets and wealth
Deposit
Personal Budget
Par Value
Wealth Management
4. The time interval between the deposit of a check in a bank and its payment
Resources
Good Faith
Float
Vesting
5. This stands for annual percentage rate - which is a number calculated by taking into account the total cost of the loan - including what the borrower will pay in interest; this makes it easier to compare different loan offers
Money Market Accounts
Wealth Management
Mutual Funds
APR
6. Loan where the lender goes through the borrower
Balance Sheet
Issuer
Direct Car Loan
Total Debt
7. Interest calculated on both the principal and the accrued interest
Float
Compound Interest
Credit
Annual Report
8. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Consequence
Certificates of Deposit
Self-Interest
Float
9. 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.
Insurance
Collectibles
Fixed-Rate Loan
Loan
10. The time interval between the deposit of a check in a bank and its payment
I-9
Float
Collectibles
Cash
11. Diagnosis Codes (in CCB Popup if more then 5 codes)
Estate Planning
Total Assets
I-9
Compound Interest
12. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Time value of money
Unsecured Loan
EDGAR
Expenses
13. 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.
Opportunity Cost
Time value of money
Transfer Payments
Bank Statement
14. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail
Phishing
Risk
Salary
Overdraft protection
15. A penalty for making a payment after the due date
Late Fee
Executor
Return
Bankruptcy
16. Maintain by writing regular records
Face Value
Withdrawal
Maintain
Bonds
17. Is your gross income after certain reductions have been made
Adjusted Gross Income
Indirect Car Loan
Taxable Income
Risk
18. An accounting entry acknowledging income or capital items
Bonds
Interest-Only Loan
Debt Consolidation
Credit
19. Shares of ownership in a company
Stocks
EFT
Stockholders' Equity
Payday Loan
20. The apparent worth as opposed to the real worth
Face Value
Transfer Payments
Good Faith
Unsecured Debt
21. The amount of money you would need to deposit now in order to attain a desired amount in the future
1040 EZ tax form
Present Value
Personal Budget
Bond Rating
22. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Identity Theft
Preferred Stock
Wealth Management
Installment Loan
23. 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
Stockholders' Equity
Identity Theft
Reconcile
Indirect Car Loan
24. A general and progressive increase in prices
Unsecured Loan
Personal Allowances
Cannibalizing assets
Inflation
25. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time
Vesting
Bond Rating
Identity Theft
Securities
26. The act of reducing the selling price of merchandise
EFT
Issuer
Deduction
Foreclosure
27. An obligation to pay money to another party
Interest Rate
Stockholders' Equity
Liability
Retirement Planning
28. A specific plan for spending your income
Asset
Liability
Personal Budget
Cannibalizing assets
29. All costs or bills related to the business
Coverage
Tax Liability
Stock Symbol
Expenses
30. Business organizations that accommodate the buying and selling of securities.
Stock Exchanges
Exemption
Deposit
Liability
31. The maximum credit that a customer is allowed
Line of Credit
Late Fee
Float
Pension
32. Financial organization that pools people's money and invests it
Incentives
Mutual Funds
Deposit
1040 EZ tax form
33. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Deductible
Par Value
Asset
Opportunity Cost
34. Things that incite or spur to action; rewards or reasons for performing a task.
Nonprofit Organization
Incentives
Stock Exchanges
Retirement Planning
35. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Income Statement
Deductions
Securities
Distribution
36. Something that is made open or revealed
Values
W-4
Asset Allocation
Disclosure
37. 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.
Wage
Gross Income
Interest Rate
Stock Symbol
38. Simplified IRS tax form which some individuals can file instead of the 1040 form.
Money Market Accounts
SEC Filings
1040 EZ tax form
Stocks
39. A business activity that changes assets - liabilities - or owner's equity
Zero-Coupon Bond
Installment Loan
Issuer
Transaction
40. By planning ahead you can ensure financial stability during your retirement.
Usury
Collectibles
Tax Liability
Retirement Planning
41. Someone who lends money at excessive rates of interest
Inflation
Loan Shark
Scarcity
Exchange-Traded Funds
42. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt
Debt Consolidation
Unsecured Loan
Resources
APR
43. Compute credits and debits of an account
Good Faith
Secured Debt
Asset
Balance
44. A share set aside for a specific purpose
Yield
Incentives
Phishing
Allocation
45. An evaluation by a rating company of the probability that a particular bond issue will default
Deposit
Bond Rating
Trade-off
Saving
46. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Financial Statements
Total Debt
Financial Goals
FICA
47. A yearly statement of the financial condition - progress - and expectations of an organization
Premium
Balance
Stocks
Annual Report
48. Short-term and Long-term objectives that are driven by values.
Ownership Investments
Financial Goals
Mutual Funds
Collectibles
49. A tax-deferred investment and savings plan that acts as a personal pension fund for employees
401 K
Transfer Payments
APR
Retirement Planning
50. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
Opportunity Cost
Usury
Disclosure
Balance Sheet