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. Shares of ownership in a company






2. Maintain by writing regular records






3. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets






4. Total assets minus total liabilities






5. The apparent worth as opposed to the real worth






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






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






8. A specific plan for spending your income






9. The period covered by a salary payment






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






11. 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






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






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






14. Profits paid to investors






15. Financial reports that summarize the financial condition and operations of a business






16. 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.






17. The amount of tax owed






18. Limited quantities of resources to meet unlimited wants






19. The financial gain (earned or unearned) accruing over a given period of time






20. Certificates that represent money the government has borrowed from private citizens






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






22. The financial gain (earned or unearned) accruing over a given period of time






23. Electronic Funds Transfer






24. 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






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






26. A loan backed by something valuable - such as property






27. Payment for insurance






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






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






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






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






32. A fixed charge for borrowing money






33. Whatever must be given up to obtain some item






34. The rights of an individual to own - use - rent - invest in - buy - and sell property.






35. Something of value; a resource; an advantage






36. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure






37. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements






38. A payment given as a guarantee that an obligation will be met






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






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






41. A loan where the payment is acheived through interest






42. Something of value; a resource; an advantage






43. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt






44. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group






45. A delay in enforcing rights or claims or privileges






46. Someone who has insufficient assets to cover their debts






47. By planning ahead you can ensure financial stability during your retirement.






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






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






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