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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. Total assets minus total liabilities






2. Savings account that pays market rate or better interest and allows access to funds without penalty.






3. Something of value; a resource; an advantage






4. The apparent worth as opposed to the real worth






5. An act of economizing






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






7. Someone who has insufficient assets to cover their debts






8. Compute credits and debits of an account






9. 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.






10. A bond with zero discounts






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






12. The period covered by a salary payment






13. Electronic Funds Transfer






14. The outcome of an event especially as relative to an individual






15. Concern for ones own well being and advantages






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






17. Financial reports that summarize the financial condition and operations of a business






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






19. 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






20. The date on which a financial obligation must be repaid






21. A fixed charge for borrowing money






22. A loan backed by something valuable - such as property






23. The amount accruing to the corporations owners

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






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






26. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)






27. A loan backed by something valuable - such as property






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






29. 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.






30. Production of a certain amount






31. Funds that are often times traded through a stock exchange (NYSE)






32. Something that is made open or revealed






33. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index






34. Whatever must be given up to obtain some item






35. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)






36. 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.






37. An amount of money given to the borrower for a set period of time. After the set time has passed - the money must be paid back plus the lending fee - called interest. Payments are normally made over a series of months.






38. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index






39. Protection against future loss






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






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






42. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)






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






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






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






46. A general and progressive increase in prices






47. A financial statement that gives operating results for a specific period






48. The extent to which something is covered






49. A legal document declaring a person's wishes regarding the disposal of their property when they die






50. Arrangement for deferred payment for goods and services







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