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. Certificates that represent money the government has borrowed from private citizens






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






3. Payment for insurance






4. Income on which tax must be paid; total income minus exemptions and deductions






5. Bring into consonance or accord - to agree on terms






6. Compute credits and debits of an account






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






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






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






10. Having honest intentions






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






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






13. The extent to which something is covered






14. Certificates that represent money the government has borrowed from private citizens






15. Whatever must be given up to obtain some item






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






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






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






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






20. Simplified IRS tax form which some individuals can file instead of the 1040 form.






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






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






23. A bank account that accumulates interest






24. A tax-deferred investment and savings plan that acts as a personal pension fund for employees






25. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation






26. Give back (tax return)






27. The value of a security that is set by the company issuing it






28. Simplified IRS tax form which some individuals can file instead of the 1040 form.






29. A loan where the payment is acheived through interest






30. A debt not backed by specific property to satisfy the indebtedness in case of default.






31. 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.






32. The act of taking out money or other capital






33. The act of reducing the selling price of merchandise






34. Savings account that pays market rate or better interest and allows access to funds without penalty.






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






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






37. A bond with zero discounts






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






39. 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






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






41. Concern for ones own well being and advantages






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






43. A specific plan for spending your income






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






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






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






47. The amount accruing to the corporations owners

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48. A financial statement that gives operating results for a specific period






49. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month






50. The act of committing money or capital to an endeavor (a business - project - real estate - etc.) with the expectation of obtaining an additional income or profit.