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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. Something that is made open or revealed
Disclosure
Identity Theft
Expenses
Probate
2. Stock other than preferred stock
Common Stock
Exemptions
Exemption
Cash
3. A tax-deferred investment and savings plan that acts as a personal pension fund for employees
Fixed-Rate Loan
Stockholders' Equity
Compound Interest
401 K
4. 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
Direct Car Loan
Incentives
APR
Cannibalizing assets
5. The process of managing one's assets and wealth
Savings Account
FICA
Financial Statements
Wealth Management
6. The apparent worth as opposed to the real worth
Compound Interest
Line of Credit
Shares Outstanding
Face Value
7. Income on which tax must be paid; total income minus exemptions and deductions
Common Stock
1040 EZ tax form
Taxable Income
Credit
8. Someone who lends money at excessive rates of interest
Ownership Investments
Salary
Stockholders' Equity
Loan Shark
9. Compute credits and debits of an account
Forbearance
Stock Exchanges
Balance
Net Income
10. Income before taxes
Financial Institution
Good Faith
Gross Income
1040 tax form
11. Interest calculated on both the principal and the accrued interest
EDGAR
Trade-off
Vesting
Compound Interest
12. A debt; something disadvantageous
dividends
Risk
Asset
Liability
13. The amount accruing to the corporations owners
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14. A specific plan for spending your income
Living Trust
Personal Budget
Deduction
Loan Shark
15. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Stock Symbol
Liability
Risk
Decison-making
16. Simplified IRS tax form which some individuals can file instead of the 1040 form.
1040 EZ tax form
Distribution
Preferred Stock
Collectibles
17. Short-term and Long-term objectives that are driven by values.
Preferred Stock
Mortage
Transaction Fee
Financial Goals
18. A bank account that accumulates interest
Total Debt
Savings Account
Executor
Exemptions
19. 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.
Compound Interest
Securities
Return
Secured Debt
20. A business activity that changes assets - liabilities - or owner's equity
Exchange-Traded Funds
Transaction
Mortage
Overdraft protection
21. 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
Exemptions
Exemption
Adjustable-Rate Loan
Secured Loan
22. Prompt payment for goods or services in currency or by check
Cash
Deposit
Coupon Rate
Compound Interest
23. Savings account that pays market rate or better interest and allows access to funds without penalty.
Money Market Accounts
Identity Theft
Coverage
Unsecured Debt
24. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.
Deductions
Balance Sheet
Net Worth
Expenses
25. The money(usually a set amount) given to an individual to spend
Debt Consolidation
Personal Allowances
FICA
EDGAR
26. A bond with zero discounts
Liability
Zero-Coupon Bond
Interest
Inflation
27. Income on which tax must be paid; total income minus exemptions and deductions
Personal Budget
Resources
Taxable Income
Common Stock
28. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.
Present Value
Collectibles
Nonprofit Organization
Deductions
29. 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
Identity Theft
Phishing
Pay Period
Estate Planning
30. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.
Maturity Date
Credit
Savings Register
SEC Filings
31. Give back (tax return)
Trade-off
Return
Balance
Interest Rate
32. An institution that issues something (securities or publications or currency etc.)
Issuer
Disclosure
Late Fee
Annual Fee
33. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
Annual Fee
Indirect Car Loan
Insurance
Billing Statement
34. An estimation of the value of a business that is obtained by multiplying the number of shares outstanding by the current price of a share
Balance
Market Capitalization
Net Income
I-9
35. A long-term loan extended to someone who buys property
Asset Allocation
Mortage
Will
Exchange-Traded Funds
36. Items of personal interest to collectors that can increase in value in the future
Balance Sheet
Collectibles
Bankruptcy
Yield
37. The maximum credit that a customer is allowed
Compound Interest
Certificates of Deposit
Common Stock
Line of Credit
38. A penalty for making a payment after the due date
Stock Exchanges
Payday Loan
Income Statement
Late Fee
39. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Time value of money
Vesting
Interest Rate
Deductible
40. The amount of tax owed
Balance
Tax Liability
Checkbook Register
Stocks
41. Institution that functions much like a business - but does not operate for the purpose of generating profits
Total Assets
Transfer Payments
Nonprofit Organization
Asset Allocation
42. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.
Payday Loan
Maturity Date
Unsecured Debt
Index Fund
43. Someone who lends money at excessive rates of interest
Billing Statement
Deductions
Payday Loan
Loan Shark
44. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.
Statement of Cash Flows
Exemptions
Collectibles
Allocation
45. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Securities
Will
Probate
Executor
46. Financial organization that pools people's money and invests it
Mutual Funds
Savings Account
Resources
Deductions
47. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.
Secured Loan
Living Trust
Stock Symbol
Trade-off
48. Bring into consonance or accord - to agree on terms
Money Market Accounts
Reconcile
Maintain
Credit
49. Something of value; a resource; an advantage
dividends
Annual Fee
Asset
Exchange-Traded Funds
50. Simplified IRS tax form which some individuals can file instead of the 1040 form.
Lending Investments
Maintain
Savings Register
1040 EZ tax form