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. A delay in enforcing rights or claims or privileges






2. The right to take another's property if an obligation is not discharged






3. A general and progressive increase in prices






4. Production of a certain amount






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






6. The money paid for employee services






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






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






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






10. Profits paid to investors






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






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






13. 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






14. An extra charge for various credit activities such as using an ATM or receiving a cash advance






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






16. The process of managing one's assets and wealth






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






18. Shares of ownership in a company






19. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail






20. By planning ahead you can ensure financial stability during your retirement.






21. Protection against future loss






22. An accounting entry acknowledging income or capital items






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






24. The amount accruing to the corporations owners

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






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






27. A record of checks written and deposits made in a checking account - kept by the depositor






28. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.






29. 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






30. Funds that are often times traded through a stock exchange (NYSE)






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






32. A share set aside for a specific purpose






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






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






35. 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.






36. Someone who has insufficient assets to cover their debts






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






38. 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






39. The act of lending money at an exorbitant rate of interest






40. 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.






41. Anything that is used to produce goods or services






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






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






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






45. 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






46. An accounting entry acknowledging sums that are owing






47. The act of reducing the selling price of merchandise






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






49. Profits paid to investors






50. A bond with zero discounts