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 money paid for employee services






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






3. Anything that is used to produce goods or services






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






5. Income before taxes






6. Diagnosis Codes (in CCB Popup if more then 5 codes)






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






8. Total assets minus total liabilities






9. A periodic statement prepared by a bank for each client






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






11. 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.






12. Arrangement for deferred payment for goods and services






13. Bring into consonance or accord - to agree on terms






14. Programs aimed at helping employees integrate - assimilate - and transition to new jobs






15. 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.






16. Something of value; a resource; an advantage






17. The economical needs of an individual






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






19. Financial reports that summarize the financial condition and operations of a business






20. Funds that pay part of their distributions out of principal cannibalize their assets. This depletes the fund's asset base. Funds cannibalize assets to maintain a dividend and keep shareholders happy. However - like feeding a cow its own milk - this p






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






22. A general and progressive increase in prices






23. The recipient of funds or other benefits






24. Whatever must be given up to obtain some item






25. Someone who has insufficient assets to cover their debts






26. A share set aside for a specific purpose






27. 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






28. An accounting entry acknowledging sums that are owing






29. An obligation to pay money to another party






30. Loan where the lender goes through the borrower






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






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






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






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






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






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






37. Anything that is used to produce goods or services






38. 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






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






40. 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






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






42. The amount of tax owed






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






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






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






46. 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






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






48. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)






49. Protection against future loss






50. The outcome of an event especially as relative to an individual