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 loan where the payment is acheived through interest






2. The outcome of an event especially as relative to an individual






3. Income before taxes






4. A loan backed by something valuable - such as property






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






6. All costs or bills related to the business






7. Making money for owning something






8. An evaluation by a rating company of the probability that a particular bond issue will default






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






10. The amount of tax owed






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






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






13. A debt; something disadvantageous






14. A person appointed by a testator to carry out the terms of the will






15. Institution that functions much like a business - but does not operate for the purpose of generating profits






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






17. An act of economizing






18. This stands for annual percentage rate - which is a number calculated by taking into account the total cost of the loan - including what the borrower will pay in interest; this makes it easier to compare different loan offers






19. Profits paid to investors






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






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






22. 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






23. A venture undertaken without regard to possible loss or injury






24. The date on which a financial obligation must be repaid






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






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






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






28. Is your gross income after certain reductions have been made






29. A person appointed by a testator to carry out the terms of the will






30. Income before taxes






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






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






33. The amount accruing to the corporations owners

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


34. An institution that issues something (securities or publications or currency etc.)






35. Can be found in a newspaper and shows information about popular stocks.






36. Anything that is used to produce goods or services






37. A delay in enforcing rights or claims or privileges






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






39. 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.






40. A delay in enforcing rights or claims or privileges






41. The process of making a decision - usually complex






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






43. Protection against future loss






44. 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






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






46. The fee - expressed as a percentage - a borrower owes for the use of a creditor's money. At an interest rate of 10% - a borrower would pay $110 for $100 borrowed.






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






48. Having honest intentions






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






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