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






2. 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






3. A legal document declaring a person's wishes regarding the disposal of their property when they die






4. Financial organization that pools people's money and invests it






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






6. Total assets minus total liabilities






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






8. Production of a certain amount






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






10. An accounting entry acknowledging income or capital items






11. The recipient of funds or other benefits






12. The period covered by a salary payment






13. A periodic statement prepared by a bank for each client






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






15. The commercial activity of transporting and selling goods from a producer to a consumer






16. An act of economizing






17. The percentage of a sum of money charged for its use






18. 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






19. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.






20. The shares available to sell/buy






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






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






23. The act of reducing the selling price of merchandise






24. Shares of ownership in a company






25. A loan where the payment is acheived through interest






26. The shares available to sell/buy






27. The standard IRS form for individual tax returns.






28. Having honest intentions






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






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






31. Diagnosis Codes (in CCB Popup if more then 5 codes)






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






33. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index






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






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






36. Short for Federal Insurance Contributions Act - the name given on the paycheck stub for Social Security and Medicare taxes. The employee pays some of the FICA tax - and and the employer pays some of this tax for each employee. Social Security pays be






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






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






39. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received






40. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)






41. A delay in enforcing rights or claims or privileges






42. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.






43. Compute credits and debits of an account






44. The amount accruing to the corporations owners

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45. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights






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






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






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






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






50. A loan in which the rate can be altered to adjust to economical need