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(usually a set amount) given to an individual to spend






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






3. The extent to which something is covered






4. A loan in which the rate can be altered to adjust to economical need






5. Electronic Funds Transfer






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






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






8. Money paid to a worker






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






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






11. This stands for annual percentage rate - which is a number calculated by taking into account the total cost of the loan - including what the borrower will pay in interest; this makes it easier to compare different loan offers






12. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount






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






14. A bond with zero discounts






15. Stock other than preferred stock






16. Stock other than preferred stock






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






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






19. 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.






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






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






22. The shares available to sell/buy






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






24. Production of a certain amount






25. Income on which tax must be paid; total income minus exemptions and deductions






26. The period covered by a salary payment






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






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






29. Loan where the lender goes through the borrower






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






31. The apparent worth as opposed to the real worth






32. 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






33. Something of value; a resource; an advantage






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






35. A loan where the payment is acheived through interest






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






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






38. Something that is made open or revealed






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






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






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






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






43. The withholding form each new employee fills out - stating the number of exemptions. the more exemptions listed - the less withholding tax will be taken from the paycheck.






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






45. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount






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






47. The right to take another's property if an obligation is not discharged






48. A bank account that accumulates interest






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






50. 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.