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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. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Certificates of Deposit
Usury
Pension
Checkbook Register
2. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
Stock Table
Billing Statement
Forbearance
Index Fund
3. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.
Probate
Payday Loan
Billing Statement
Maintain
4. Place to create a savings account.
Savings Register
Installment Loan
Transaction
Values
5. Give back (tax return)
Return
Issuer
Payday Loan
Decison-making
6. Shares of ownership in a company
Certificates of Deposit
Stocks
Taxable Income
Total Assets
7. 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
EDGAR
Credit
Balance
Debit
8. The distribution of investment funds among broad classes of assets.
Certificates of Deposit
Issuer
Asset Allocation
Nonprofit Organization
9. Limited quantities of resources to meet unlimited wants
dividends
Withdrawal
Scarcity
Deductions
10. Production of a certain amount
Predatory Lending
Yield
Return
Reconcile
11. Diagnosis Codes (in CCB Popup if more then 5 codes)
Balance Sheet
Personal Allowances
I-9
Predatory Lending
12. Short-term and Long-term objectives that are driven by values.
Allocation
Financial Goals
Financial Statements
Stock Table
13. Loan with equal number of payments of the same amount over a fixed period of time.
Cannibalizing assets
Mutual Funds
Rent
Installment Loan
14. Institution that functions much like a business - but does not operate for the purpose of generating profits
Wealth Management
Tax Liability
Wealth Management
Nonprofit Organization
15. Financial reports that summarize the financial condition and operations of a business
Financial Statements
Deductible
Transfer Payments
Deduction
16. Prompt payment for goods or services in currency or by check
Financial Institution
Cash
Par Value
Lien
17. The economical needs of an individual
1040 tax form
1040 tax form
Financial Needs
Allocation
18. The amount of tax owed
Deposit
Resources
Income Statement
Tax Liability
19. A loan that is paid off in a fixed rate over a period of time
Deductions
Fixed-Rate Loan
Exchange-Traded Funds
Mortage
20. Compute credits and debits of an account
Savings Register
Loan
Transfer Payments
Balance
21. 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.
Payday Loan
Deduction
Secured Debt
Foreclosure
22. The time interval between the deposit of a check in a bank and its payment
SEC Filings
Float
Installment Loan
Bond Rating
23. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
EDGAR
On-Boarding
Interest Rate
Insurance
24. A penalty for making a payment after the due date
1040 tax form
Late Fee
Exemption
Index Fund
25. Income on which tax must be paid; total income minus exemptions and deductions
Checkbook Register
Taxable Income
Adjusted Gross Income
Preferred Stock
26. Diagnosis Codes (in CCB Popup if more then 5 codes)
I-9
Late Fee
1040 tax form
Preferred Stock
27. The period covered by a salary payment
Overdraft protection
Deduction
Pay Period
Interest Rate
28. By planning ahead you can ensure financial stability during your retirement.
Direct Car Loan
Retirement Planning
Adjustable-Rate Loan
Bond Rating
29. Income before taxes
Gross Income
APR
Pay Period
Face Value
30. A share set aside for a specific purpose
Will
Loan Shark
Allocation
Adjustable-Rate Loan
31. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
Mutual Funds
Balance Sheet
Exchange-Traded Funds
Net Worth
32. Limited quantities of resources to meet unlimited wants
Personal Allowances
Scarcity
Index Fund
Beneficiary
33. Electronic Funds Transfer
Exchange-Traded Funds
EFT
Annual Report
Good Faith
34. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Probate
Net Income
Savings Account
Financial Statements
35. A loan backed by something valuable - such as property
Secured Loan
Insolvent
Phishing
Total Debt
36. A specific plan for spending your income
Ownership Investments
Fixed-Rate Loan
Personal Budget
Bonds
37. Items of personal interest to collectors that can increase in value in the future
Incentives
Par Value
Wage
Collectibles
38. Cash payments made by the government to people who do not supply goods - services - or labor in exchange for these payments. They include Social Security benefits - veterans' benefits - and welfare payments.
Transfer Payments
Will
Maturity Date
Income Statement
39. A tax-deferred investment and savings plan that acts as a personal pension fund for employees
401 K
Index Fund
Late Fee
FICA
40. The act of taking out money or other capital
Withdrawal
Identity Theft
Good Faith
Loan Shark
41. Any of a number of fraudulent - deceptive - discriminatory - or unfavorable lending practices. Many of these practices are illegal - while others are legal but not in the best interest of the borrowers.
Predatory Lending
Good Faith
Vesting
Direct Car Loan
42. A fixed charge for borrowing money
Pension
Taxable Income
Premium
Interest
43. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.
Index Fund
Statement of Cash Flows
Values
SEC Filings
44. Funds that are often times traded through a stock exchange (NYSE)
Stocks
Opportunity Cost
Asset
Exchange-Traded Funds
45. Financial organization that pools people's money and invests it
Shares Outstanding
Allocation
Mutual Funds
Income
46. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Savings Register
Financial Institution
Par Value
Lending Investments
47. Grant use or occupation of under a term of contract
Estate Planning
Present Value
Rent
Wealth Management
48. The shares available to sell/buy
Decison-making
Debit
On-Boarding
Shares Outstanding
49. Savings account that pays market rate or better interest and allows access to funds without penalty.
Yield
Executor
Money Market Accounts
Vesting
50. The rights of an individual to own - use - rent - invest in - buy - and sell property.
Statement of Cash Flows
Property Rights
Annual Report
Net Worth