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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. Give back (tax return)
Asset Allocation
Premium
Return
Expenses
2. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Financial Institution
Reconcile
Common Stock
Premium
3. The amount of tax owed
Secured Loan
Tax Liability
Stock Exchanges
Collectibles
4. A bank account that accumulates interest
W-4
Savings Account
Savings Register
Float
5. An accounting entry acknowledging sums that are owing
Transfer Payments
Debit
Asset
Liability
6. The right to take another's property if an obligation is not discharged
Incentives
Profit
Premium
Lien
7. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Transfer Payments
Profit
Time value of money
Annual Report
8. The amount accruing to the corporations owners
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9. A record of checks written and deposits made in a checking account - kept by the depositor
Checkbook Register
Beneficiary
Lien
Personal Budget
10. Diagnosis Codes (in CCB Popup if more then 5 codes)
Income
Executor
1040 tax form
I-9
11. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Identity Theft
Interest Rate
Foreclosure
Stockholders' Equity
12. Maintain by writing regular records
Forbearance
Saving
Maintain
Payday Loan
13. The commercial activity of transporting and selling goods from a producer to a consumer
Expenses
Cannibalizing assets
Distribution
EDGAR
14. 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
Vesting
EDGAR
Zero-Coupon Bond
Deductible
15. An exchange that occurs as a compromise
EDGAR
Resources
Exemptions
Trade-off
16. A delay in enforcing rights or claims or privileges
Forbearance
Personal Allowances
Deduction
Reconcile
17. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Premium
Stock Exchanges
Foreclosure
Fixed-Rate Loan
18. Certificates that represent money the government has borrowed from private citizens
Bonds
Installment Loan
Adjustable-Rate Loan
Balance Sheet
19. All costs or bills related to the business
Expenses
Securities
Deduction
Savings Account
20. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received
Resources
Premium
APR
Net Income
21. Place to create a savings account.
Maintain
Tax Liability
Savings Register
Mortage
22. An amount that credit card companies can charge for the use of a credit card.
Annual Fee
Adjusted Gross Income
Coupon Rate
Values
23. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Gross Income
Bankruptcy
Interest Rate
Fixed-Rate Loan
24. A debt not backed by specific property to satisfy the indebtedness in case of default.
Risk
Unsecured Debt
Debit
Transfer Payments
25. Simplified IRS tax form which some individuals can file instead of the 1040 form.
Exchange-Traded Funds
Payday Loan
Securities
1040 EZ tax form
26. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received
Savings Register
Personal Budget
Net Income
Wage
27. A bond with zero discounts
Coverage
Pay Period
Probate
Zero-Coupon Bond
28. The act of taking out money or other capital
Secured Debt
Maturity Date
Withdrawal
Trade-off
29. The act of taking out money or other capital
Loan
Scarcity
Personal Allowances
Withdrawal
30. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Time value of money
Deductions
Decison-making
Profit
31. The distribution of investment funds among broad classes of assets.
Index Fund
Asset Allocation
Collectibles
Stockholders' Equity
32. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Stock Symbol
Personal Allowances
Salary
Annual Fee
33. Financial organization that pools people's money and invests it
EFT
Mutual Funds
Incentives
Deposit
34. The amount of tax owed
Values
Tax Liability
Financial Goals
On-Boarding
35. Loan deal in which the actual lender may not be known to the borrower.
Indirect Car Loan
Credit
Face Value
Scarcity
36. 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.
Secured Debt
Bankruptcy
Cash
Estate Planning
37. Things that incite or spur to action; rewards or reasons for performing a task.
Lien
Incentives
Pension
Forbearance
38. The outcome of an event especially as relative to an individual
Income Statement
Income Statement
Risk
Consequence
39. Institution that functions much like a business - but does not operate for the purpose of generating profits
Interest Rate
Adjustable-Rate Loan
Nonprofit Organization
Late Fee
40. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Gross Income
Certificates of Deposit
Deductible
Stockholders' Equity
41. Protection against future loss
Insurance
1040 EZ tax form
Securities
Financial Institution
42. A record of checks written and deposits made in a checking account - kept by the depositor
Checkbook Register
On-Boarding
Financial Goals
Credit
43. An accounting entry acknowledging income or capital items
Mutual Funds
Line of Credit
Credit
Debt Consolidation
44. The date on which a financial obligation must be repaid
Distribution
Maturity Date
Present Value
Wealth Management
45. Receiving money for loaning money
Float
Lending Investments
Identity Theft
Insurance
46. Production of a certain amount
Debit
Withdrawal
Yield
Total Assets
47. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
Values
Bankruptcy
Will
Coverage
48. The standard IRS form for individual tax returns.
Checkbook Register
Common Stock
Balance
1040 tax form
49. Protection against future loss
Deduction
Liability
Securities
Insurance
50. A debt; something disadvantageous
Premium
Allocation
Deduction
Liability