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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 tax-deferred investment and savings plan that acts as a personal pension fund for employees
Asset
401 K
Float
Risk
2. Someone who lends money at excessive rates of interest
Wage
Loan Shark
Consequence
Nonprofit Organization
3. Loan where the lender goes through the borrower
Direct Car Loan
Deposit
Adjustable-Rate Loan
Preferred Stock
4. Financial organization that pools people's money and invests it
Interest Rate
1040 EZ tax form
Mutual Funds
Stockholders' Equity
5. Payment for insurance
Stock Exchanges
Executor
Premium
Balance Sheet
6. Total assets minus total liabilities
Incentives
Total Assets
Net Worth
EDGAR
7. Short-term and Long-term objectives that are driven by values.
Investing
Net Income
Financial Goals
Transaction
8. Preparing a plan for transferring property during one's lifetime and at one's death
Vesting
Income
Estate Planning
Annual Fee
9. A bond with zero discounts
Debit
Usury
Zero-Coupon Bond
Debt Consolidation
10. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.
Consequence
Statement of Cash Flows
Balance Sheet
Trade-off
11. Compute credits and debits of an account
Adjusted Gross Income
Stock Table
dividends
Balance
12. An automatic loan made to you if you write a check for more money than you have in your account
Line of Credit
Billing Statement
Overdraft protection
Time value of money
13. The value of a security that is set by the company issuing it
Maintain
Mutual Funds
Par Value
Float
14. A yearly statement of the financial condition - progress - and expectations of an organization
Annual Report
Exemption
Total Debt
Line of Credit
15. Short-term and Long-term objectives that are driven by values.
Financial Goals
EDGAR
Coverage
Premium
16. An accounting entry acknowledging income or capital items
Credit
Interest Rate
Time value of money
Exemptions
17. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
Overdraft protection
Direct Car Loan
Billing Statement
Saving
18. The amount of money you would need to deposit now in order to attain a desired amount in the future
Total Debt
Predatory Lending
Present Value
Premium
19. Something of value; a resource; an advantage
Securities
EFT
Adjusted Gross Income
Asset
20. A penalty for making a payment after the due date
Late Fee
1040 tax form
Allocation
Financial Needs
21. Financial reports that summarize the financial condition and operations of a business
Financial Statements
Debit
Asset Allocation
Balance
22. A general and progressive increase in prices
Allocation
Inflation
Decison-making
Asset
23. Financial organization that pools people's money and invests it
Annual Fee
Par Value
Secured Debt
Mutual Funds
24. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt
Insurance
Savings Account
Asset Allocation
Debt Consolidation
25. Grant use or occupation of under a term of contract
Balance
Interest Rate
Liability
Rent
26. Financial organization that pools people's money and invests it
Statement of Cash Flows
Mutual Funds
Risk
Profit
27. Diagnosis Codes (in CCB Popup if more then 5 codes)
Maturity Date
EFT
Bond Rating
I-9
28. Something that is made open or revealed
Disclosure
Late Fee
Identity Theft
Adjusted Gross Income
29. The shares available to sell/buy
Liability
Shares Outstanding
Checkbook Register
Beneficiary
30. Immunity from a general burden - tax or charge; in bankruptcy or judgment executions - that portion of the debtor's property that cannot be liquidiated and applied to her debts
Shares Outstanding
Stockholders' Equity
Exemptions
Deductions
31. Give back (tax return)
Return
Probate
Money Market Accounts
Net Worth
32. Can be found in a newspaper and shows information about popular stocks.
Executor
Decison-making
Stock Table
Interest-Only Loan
33. A venture undertaken without regard to possible loss or injury
1040 EZ tax form
Risk
Annual Report
Investing
34. A legal document declaring a person's wishes regarding the disposal of their property when they die
Asset
Risk
Will
Adjusted Gross Income
35. Something of value; a resource; an advantage
Securities
Foreclosure
Premium
Asset
36. A debt not backed by specific property to satisfy the indebtedness in case of default.
Collectibles
Unsecured Debt
Pension
Will
37. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
Reconcile
Deduction
W-4
On-Boarding
38. A loan that is paid off in a fixed rate over a period of time
Fixed-Rate Loan
Savings Register
Certificates of Deposit
EDGAR
39. The period covered by a salary payment
Pay Period
Premium
Insolvent
Financial Statements
40. A specific plan for spending your income
Probate
Personal Budget
FICA
Property Rights
41. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
Balance Sheet
Retirement Planning
Preferred Stock
Securities
42. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
Bond Rating
FICA
Index Fund
Values
43. The percentage of a sum of money charged for its use
Zero-Coupon Bond
Yield
Interest Rate
Installment Loan
44. An act of economizing
Interest Rate
Annual Report
Pay Period
Saving
45. The time interval between the deposit of a check in a bank and its payment
401 K
Coverage
Phishing
Float
46. The outcome of an event especially as relative to an individual
Checkbook Register
Ownership Investments
Insolvent
Consequence
47. Simplified IRS tax form which some individuals can file instead of the 1040 form.
Total Assets
Liability
1040 EZ tax form
Interest
48. 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
Bonds
Identity Theft
Inflation
49. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index
Good Faith
Common Stock
Allocation
Index Fund
50. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Insolvent
Good Faith
Deductible
Taxable Income