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Test your basic knowledge |
Wealth Management
Start Test
Study First
Subjects
:
personal-finance
,
business-skills
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. Total assets minus total liabilities
Consequence
Retirement Planning
Net Worth
Good Faith
2. The maximum credit that a customer is allowed
EFT
Line of Credit
Exemptions
Checkbook Register
3. A general and progressive increase in prices
Lending Investments
Expenses
Inflation
Financial Institution
4. The time interval between the deposit of a check in a bank and its payment
Stock Table
Disclosure
Float
Preferred Stock
5. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
Taxable Income
Incentives
Interest
Balance Sheet
6. Give back (tax return)
Bonds
Return
Beneficiary
Par Value
7. The financial gain (earned or unearned) accruing over a given period of time
Indirect Car Loan
Deduction
Trade-off
Income
8. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Financial Needs
Total Debt
Certificates of Deposit
Interest-Only Loan
9. Income on which tax must be paid; total income minus exemptions and deductions
Withdrawal
Taxable Income
Consequence
Inflation
10. The standard IRS form for individual tax returns.
Stock Exchanges
Beneficiary
Predatory Lending
1040 tax form
11. The process of making a decision - usually complex
Balance
Shares Outstanding
Decison-making
Rent
12. Bring into consonance or accord - to agree on terms
Reconcile
Mutual Funds
EFT
401 K
13. A person appointed by a testator to carry out the terms of the will
Secured Loan
Executor
Nonprofit Organization
EFT
14. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.
Stocks
Statement of Cash Flows
Line of Credit
Cannibalizing assets
15. Simplified IRS tax form which some individuals can file instead of the 1040 form.
Profit
Certificates of Deposit
Disclosure
1040 EZ tax form
16. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received
Trade-off
1040 tax form
Debit
Net Income
17. The amount of tax owed
Loan
Withdrawal
Tax Liability
Payday Loan
18. Loan where the lender goes through the borrower
Values
Maintain
Expenses
Direct Car Loan
19. 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
Profit
Exemptions
Mutual Funds
Income Statement
20. An extra charge for various credit activities such as using an ATM or receiving a cash advance
Balance Sheet
Annual Fee
Transaction Fee
Late Fee
21. Can be found in a newspaper and shows information about popular stocks.
On-Boarding
Insurance
Stock Table
Balance
22. Someone who lends money at excessive rates of interest
Pension
Total Debt
Loan Shark
Identity Theft
23. Shares of ownership in a company
Stocks
Annual Fee
Securities
Executor
24. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Total Debt
Maintain
Investing
Indirect Car Loan
25. Savings account that pays market rate or better interest and allows access to funds without penalty.
Unsecured Debt
Stock Symbol
Money Market Accounts
Compound Interest
26. 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
Market Capitalization
Exemptions
Float
APR
27. Stock other than preferred stock
Reconcile
dividends
Bank Statement
Common Stock
28. Arrangement for deferred payment for goods and services
Credit
Savings Register
Reconcile
Bond Rating
29. The act of lending money at an exorbitant rate of interest
Predatory Lending
Incentives
Overdraft protection
Usury
30. Short-term and Long-term objectives that are driven by values.
Distribution
Bankruptcy
Financial Goals
Stock Symbol
31. Electronic Data Gathering Analysis and Retrieval - the electronic system used by the SEC to enable investors to search electronically for financial reports filed by individual companies
Maturity Date
Phishing
Lending Investments
EDGAR
32. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Asset Allocation
Transaction Fee
Financial Institution
Distribution
33. 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
Par Value
Pension
Identity Theft
Income
34. An extra charge for various credit activities such as using an ATM or receiving a cash advance
Trade-off
Trade-off
Transaction Fee
Disclosure
35. Things that incite or spur to action; rewards or reasons for performing a task.
Debt Consolidation
Incentives
Mortage
W-4
36. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Coupon Rate
On-Boarding
Stock Symbol
Stock Table
37. The recipient of funds or other benefits
Shares Outstanding
Securities
Beneficiary
Financial Statements
38. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail
Shares Outstanding
Phishing
Checkbook Register
Rent
39. The extent to which something is covered
Statement of Cash Flows
Coverage
Compound Interest
Financial Statements
40. An amount that credit card companies can charge for the use of a credit card.
Risk
Annual Fee
Interest-Only Loan
Consequence
41. A delay in enforcing rights or claims or privileges
Stockholders' Equity
Shares Outstanding
Credit
Forbearance
42. 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
Disclosure
Transaction
APR
Taxable Income
43. The percentage of a sum of money charged for its use
Interest Rate
On-Boarding
EFT
Securities
44. A record of checks written and deposits made in a checking account - kept by the depositor
Stock Symbol
Checkbook Register
Property Rights
Identity Theft
45. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.
Interest
SEC Filings
Deductions
Cash
46. A debt; something disadvantageous
Yield
Income Statement
Late Fee
Liability
47. An accounting entry acknowledging sums that are owing
Debit
Loan Shark
Par Value
Bankruptcy
48. Prompt payment for goods or services in currency or by check
Total Debt
Cash
Unsecured Debt
I-9
49. The act of reducing the selling price of merchandise
Deduction
APR
Insolvent
Wage
50. A financial statement that gives operating results for a specific period
Scarcity
Income Statement
Adjusted Gross Income
Cannibalizing assets