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






2. Money paid to a worker






3. A loan where the payment is acheived through interest






4. An accounting entry acknowledging income or capital items






5. The amount accruing to the corporations owners


6. The process of making a decision - usually complex






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






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






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






10. The maximum credit that a customer is allowed






11. The period covered by a salary payment






12. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets






13. Loan with equal number of payments of the same amount over a fixed period of time.






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






15. Receiving money for loaning money






16. A long-term loan extended to someone who buys property






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






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






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






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






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






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






23. The act of taking out money or other capital






24. Income before taxes






25. An obligation to pay money to another party






26. Making money for owning something






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






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






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






30. The amount of tax owed






31. Loan where the lender goes through the borrower






32. A specific plan for spending your income






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






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






35. A debt; something disadvantageous






36. Something of value; a resource; an advantage






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






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






39. Anything that is used to produce goods or services






40. The act of reducing the selling price of merchandise






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






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






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






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






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






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. Give back (tax return)






48. A delay in enforcing rights or claims or privileges






49. The time interval between the deposit of a check in a bank and its payment






50. Loan with equal number of payments of the same amount over a fixed period of time.