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






2. The money(usually a set amount) given to an individual to spend






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






4. 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.






5. A record of checks written and deposits made in a checking account - kept by the depositor






6. The period covered by a salary payment






7. 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






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






9. The process of making a decision - usually complex






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






11. Making money for owning something






12. An accounting entry acknowledging income or capital items






13. Shares of ownership in a company






14. The act of reducing the selling price of merchandise






15. Someone who lends money at excessive rates of interest






16. Something of value; a resource; an advantage






17. The process of making a decision - usually complex






18. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received






19. Maintain by writing regular records






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






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






22. Payment for insurance






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






24. Anything that is used to produce goods or services






25. 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.






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






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






28. The apparent worth as opposed to the real worth






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






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






31. Profits paid to investors






32. 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.






33. A fixed charge for borrowing money






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






35. All costs or bills related to the business






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






37. Payment for insurance






38. Preparing a plan for transferring property during one's lifetime and at one's death






39. A fixed charge for borrowing money






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






41. 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.






42. Total assets minus total liabilities






43. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt






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






45. Whatever must be given up to obtain some item






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






47. An evaluation by a rating company of the probability that a particular bond issue will default






48. Can be found in a newspaper and shows information about popular stocks.






49. A share set aside for a specific purpose






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