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






2. Compute credits and debits of an account






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






4. The amount accruing to the corporations owners

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






6. Something that is made open or revealed






7. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.






8. All costs or bills related to the business






9. A share set aside for a specific purpose






10. The period covered by a salary payment






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






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






13. A specific plan for spending your income






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






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






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






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






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






19. Total assets minus total liabilities






20. Money paid to a worker






21. 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.






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






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






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






26. Loan where the lender goes through the borrower






27. The distribution of investment funds among broad classes of assets.






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






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






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






31. Payment for insurance






32. The co-option of another person's personal information (e.g. - name - social security number - credit card number - passport) without that person's knowledge and the fraudulent use of such knowledge






33. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money






34. The maximum credit that a customer is allowed






35. The shares available to sell/buy






36. A bank account that accumulates interest






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






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






39. Someone who has insufficient assets to cover their debts






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






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






42. Profits paid to investors






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






44. Income before taxes






45. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.






46. An accounting entry acknowledging income or capital items






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






48. The process of making a decision - usually complex






49. The withholding form each new employee fills out - stating the number of exemptions. the more exemptions listed - the less withholding tax will be taken from the paycheck.






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