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. A penalty for making a payment after the due date






2. The period covered by a salary payment






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






4. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy






5. A loan that is paid off in a fixed rate over a period of time






6. An obligation to pay money to another party






7. The act of reducing the selling price of merchandise






8. Concern for ones own well being and advantages






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






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






11. A bank account that accumulates interest






12. Total assets minus total liabilities






13. 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.






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






15. An amount that credit card companies can charge for the use of a credit card.






16. Prompt payment for goods or services in currency or by check






17. Business organizations that accommodate the buying and selling of securities.






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






19. The standard IRS form for individual tax returns.






20. The period covered by a salary payment






21. Business organizations that accommodate the buying and selling of securities.






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






23. The extent to which something is covered






24. An obligation to pay money to another party






25. A regular payment to a person that iis intended to allow them to subsist without working






26. A general and progressive increase in prices






27. The recipient of funds or other benefits






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






29. An accounting entry acknowledging income or capital items






30. A business activity that changes assets - liabilities - or owner's equity






31. Give back (tax return)






32. The amount of tax owed






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






34. A general and progressive increase in prices






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






36. 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.






37. Maintain by writing regular records






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






39. 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.






40. Simplified IRS tax form which some individuals can file instead of the 1040 form.






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






42. Payment for insurance






43. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements






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






45. A yearly statement of the financial condition - progress - and expectations of an organization






46. A delay in enforcing rights or claims or privileges






47. The process of making a decision - usually complex






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






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






50. An accounting entry acknowledging sums that are owing