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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. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group






2. A fixed charge for borrowing money






3. The extent to which something is covered






4. Interest calculated on both the principal and the accrued interest






5. The apparent worth as opposed to the real worth






6. An accounting entry acknowledging income or capital items






7. 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






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






9. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.






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






11. A general and progressive increase in prices






12. A general and progressive increase in prices






13. The recipient of funds or other benefits






14. 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.






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






16. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail






17. A bond with zero discounts






18. Having honest intentions






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






20. The process of making a decision - usually complex






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






22. 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.






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






24. Someone who lends money at excessive rates of interest






25. 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.






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






27. Anything that is used to produce goods or services






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






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






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






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






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






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






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






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






36. Limited quantities of resources to meet unlimited wants






37. Stock other than preferred stock






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






39. Loan where the lender goes through the borrower






40. 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.






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






42. Income before taxes






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






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






45. Maintain by writing regular records






46. An exchange that occurs as a compromise






47. Items of personal interest to collectors that can increase in value in the future






48. Arrangement for deferred payment for goods and services






49. 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.






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






Can you answer 50 questions in 15 minutes?



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