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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. An estimation of the value of a business that is obtained by multiplying the number of shares outstanding by the current price of a share






3. 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.






4. A business activity that changes assets - liabilities - or owner's equity






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






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






7. Whatever must be given up to obtain some item






8. The extent to which something is covered






9. Income before taxes






10. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.






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






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






13. 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.






14. Something of value; a resource; an advantage






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






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






17. Give back (tax return)






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






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






20. Limited quantities of resources to meet unlimited wants






21. 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.






22. Something of value; a resource; an advantage






23. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.






24. Give back (tax return)






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






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






27. Business organizations that accommodate the buying and selling of securities.






28. Limited quantities of resources to meet unlimited wants






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






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






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






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






33. The amount of tax owed






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






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






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






37. Someone who has insufficient assets to cover their debts






38. Business organizations that accommodate the buying and selling of securities.






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






40. Programs aimed at helping employees integrate - assimilate - and transition to new jobs






41. A regular payment to a person that iis intended to allow them to subsist without working






42. Loan deal in which the actual lender may not be known to the borrower.






43. Something that is made open or revealed






44. 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






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






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






47. Maintain by writing regular records






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






49. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company






50. 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







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