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






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






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






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






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






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






7. All costs or bills related to the business






8. 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






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.






10. Savings account that pays market rate or better interest and allows access to funds without penalty.






11. Short-term and Long-term objectives that are driven by values.






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






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






14. An exchange that occurs as a compromise






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






16. Limited quantities of resources to meet unlimited wants






17. 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.






18. The shares available to sell/buy






19. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.






20. Savings account that pays market rate or better interest and allows access to funds without penalty.






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






22. An automatic loan made to you if you write a check for more money than you have in your account






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






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






25. 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.






26. The period covered by a salary payment






27. 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






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






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






30. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)






31. 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.






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






33. The act of taking out money or other capital






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






35. Things that incite or spur to action; rewards or reasons for performing a task.






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






37. A debt; something disadvantageous






38. Grant use or occupation of under a term of contract






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






40. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.






41. A delay in enforcing rights or claims or privileges






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






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






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






45. Having honest intentions






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






47. Can be found in a newspaper and shows information about popular stocks.






48. A bond with zero discounts






49. A loan that is paid off in a fixed rate over a period of time






50. The maximum credit that a customer is allowed