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. Having honest intentions






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






3. Short for Federal Insurance Contributions Act - the name given on the paycheck stub for Social Security and Medicare taxes. The employee pays some of the FICA tax - and and the employer pays some of this tax for each employee. Social Security pays be






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






5. Things that incite or spur to action; rewards or reasons for performing a task.






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






7. The standard IRS form for individual tax returns.






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






9. The standard IRS form for individual tax returns.






10. The commercial activity of transporting and selling goods from a producer to a consumer






11. Profits paid to investors






12. Limited quantities of resources to meet unlimited wants






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






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






15. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid






16. The maximum credit that a customer is allowed






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






18. A bond with zero discounts






19. Receiving money for loaning money






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






21. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.






22. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation






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






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






25. A payment given as a guarantee that an obligation will be met






26. A specific plan for spending your income






27. Place to create a savings account.






28. An exchange that occurs as a compromise






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






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






31. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure






32. 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






33. A penalty for making a payment after the due date






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






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






36. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure






37. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month






38. The apparent worth as opposed to the real worth






39. Grant use or occupation of under a term of contract






40. A bond with zero discounts






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






42. Something of value; a resource; an advantage






43. A share set aside for a specific purpose






44. An automatic loan made to you if you write a check for more money than you have in your account






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






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






47. A tax-deferred investment and savings plan that acts as a personal pension fund for employees






48. A fixed charge for borrowing money






49. Stock other than preferred stock






50. An accounting entry acknowledging income or capital items