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






2. Electronic Funds Transfer






3. A bank account that accumulates interest






4. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.






5. The extent to which something is covered






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






7. The money paid for employee services






8. 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






9. Loan with equal number of payments of the same amount over a fixed period of time.






10. Loan deal in which the actual lender may not be known to the borrower.






11. Loan where the lender goes through the borrower






12. 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.






13. The act of taking out money or other capital






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






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






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






17. Is your gross income after certain reductions have been made






18. A loan where the payment is acheived through interest






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.






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






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






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






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






24. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.






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






26. Compute credits and debits of an account






27. Someone who lends money at excessive rates of interest






28. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights






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






30. Protection against future loss






31. A person appointed by a testator to carry out the terms of the will






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






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






34. The distribution of investment funds among broad classes of assets.






35. Concern for ones own well being and advantages






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






37. Items of personal interest to collectors that can increase in value in the future






38. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail






39. Profits paid to investors






40. Place to create a savings account.






41. A loan where the payment is acheived through interest






42. Limited quantities of resources to meet unlimited wants






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






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






45. A bank account that accumulates interest






46. Stock other than preferred stock






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






48. Limited quantities of resources to meet unlimited wants






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






50. The interest rate that a bond issuer will pay to a bondholder