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. 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






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






3. Something that is made open or revealed






4. A loan where the payment is acheived through interest






5. 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.






6. The outcome of an event especially as relative to an individual






7. Someone who lends money at excessive rates of interest






8. Something of value; a resource; an advantage






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






10. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default






11. Interest calculated on both the principal and the accrued interest






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






13. Prompt payment for goods or services in currency or by check






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






15. Stock other than preferred stock






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






17. Concern for ones own well being and advantages






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






19. The economical needs of an individual






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






21. Someone who has insufficient assets to cover their debts






22. Maintain by writing regular records






23. Programs aimed at helping employees integrate - assimilate - and transition to new jobs






24. Money paid to a worker






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






26. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time






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






28. The period covered by a salary payment






29. 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.






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






31. The act of reducing the selling price of merchandise






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






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






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






35. Concern for ones own well being and advantages






36. A venture undertaken without regard to possible loss or injury






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






38. The act of taking out money or other capital






39. 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






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






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






42. Profits paid to investors






43. Prompt payment for goods or services in currency or by check






44. A debt; something disadvantageous






45. Loan where the lender goes through the borrower






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






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






48. All costs or bills related to the business






49. An accounting entry acknowledging income or capital items






50. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy