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Test your basic knowledge |
Wealth Management
Start Test
Study First
Subjects
:
personal-finance
,
business-skills
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. A loan where the payment is acheived through interest
EDGAR
Interest-Only Loan
dividends
Maintain
2. An accounting entry acknowledging income or capital items
Stock Table
Credit
Indirect Car Loan
Pay Period
3. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.
Late Fee
Taxable Income
1040 EZ tax form
Statement of Cash Flows
4. A share set aside for a specific purpose
Forbearance
Mortage
1040 EZ tax form
Allocation
5. A delay in enforcing rights or claims or privileges
Wage
Secured Debt
Forbearance
Risk
6. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Balance
Salary
Statement of Cash Flows
Certificates of Deposit
7. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Total Assets
Incentives
Predatory Lending
Insurance
8. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Values
Money Market Accounts
Probate
Time value of money
9. Money paid to a worker
Transaction Fee
Opportunity Cost
Wage
Adjusted Gross Income
10. Financial organization that pools people's money and invests it
Mutual Funds
Beneficiary
Self-Interest
Insurance
11. Loan with equal number of payments of the same amount over a fixed period of time.
Late Fee
Installment Loan
Personal Allowances
Credit
12. Compute credits and debits of an account
Balance
Payday Loan
Bankruptcy
Bank Statement
13. Is your gross income after certain reductions have been made
Adjusted Gross Income
Credit
Predatory Lending
Liability
14. A periodic statement prepared by a bank for each client
Bank Statement
Balance
Cannibalizing assets
Saving
15. The percentage of a sum of money charged for its use
APR
Disclosure
Savings Register
Interest Rate
16. Items of personal interest to collectors that can increase in value in the future
Distribution
Face Value
1040 EZ tax form
Collectibles
17. Receiving money for loaning money
Zero-Coupon Bond
Certificates of Deposit
Lending Investments
Deductible
18. Financial reports that summarize the financial condition and operations of a business
Deductions
Rent
Financial Statements
Expenses
19. Concern for ones own well being and advantages
Self-Interest
Expenses
Interest-Only Loan
Insurance
20. The fee - expressed as a percentage - a borrower owes for the use of a creditor's money. At an interest rate of 10% - a borrower would pay $110 for $100 borrowed.
Zero-Coupon Bond
Interest Rate
Trade-off
Resources
21. Loan where the lender goes through the borrower
Transaction
Tax Liability
Executor
Direct Car Loan
22. 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
EDGAR
Stocks
Identity Theft
Asset Allocation
23. An evaluation by a rating company of the probability that a particular bond issue will default
Incentives
Bond Rating
Incentives
APR
24. Institution that functions much like a business - but does not operate for the purpose of generating profits
Nonprofit Organization
Exemptions
Pension
Stock Table
25. 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
Values
Market Capitalization
Zero-Coupon Bond
Inflation
26. Loan deal in which the actual lender may not be known to the borrower.
Deduction
401 K
Indirect Car Loan
Living Trust
27. The act of lending money at an exorbitant rate of interest
Profit
Liability
Financial Statements
Usury
28. The right to take another's property if an obligation is not discharged
Liability
Income Statement
Lien
Zero-Coupon Bond
29. The value of a security that is set by the company issuing it
Taxable Income
Retirement Planning
Deposit
Par Value
30. Someone who lends money at excessive rates of interest
Nonprofit Organization
Resources
Loan Shark
APR
31. Short-term and Long-term objectives that are driven by values.
dividends
Financial Goals
Market Capitalization
Rent
32. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
Billing Statement
Pension
Payday Loan
Usury
33. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Preferred Stock
Bank Statement
Consequence
Maturity Date
34. Things that incite or spur to action; rewards or reasons for performing a task.
Incentives
Interest Rate
Stock Exchanges
Rent
35. 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
Net Worth
Yield
Exemptions
Balance Sheet
36. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Stock Table
Deduction
Maintain
Securities
37. 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.
Transaction
Asset Allocation
Late Fee
Loan
38. The apparent worth as opposed to the real worth
Maintain
Face Value
Balance
Good Faith
39. Whatever must be given up to obtain some item
Opportunity Cost
Adjusted Gross Income
Consequence
Index Fund
40. An evaluation by a rating company of the probability that a particular bond issue will default
Bond Rating
Exchange-Traded Funds
Withdrawal
Good Faith
41. The amount of money you would need to deposit now in order to attain a desired amount in the future
Time value of money
Present Value
1040 tax form
Bonds
42. 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
Cannibalizing assets
Self-Interest
Identity Theft
I-9
43. Income before taxes
Zero-Coupon Bond
Inflation
Gross Income
Living Trust
44. The date on which a financial obligation must be repaid
Values
Forbearance
Maturity Date
Predatory Lending
45. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Return
Scarcity
Foreclosure
Financial Statements
46. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received
W-4
Issuer
Net Income
Deposit
47. Profits paid to investors
Lien
dividends
Adjusted Gross Income
EFT
48. All costs or bills related to the business
Pension
Expenses
Interest
Stockholders' Equity
49. Can be found in a newspaper and shows information about popular stocks.
Stock Table
Money Market Accounts
Mutual Funds
Market Capitalization
50. Diagnosis Codes (in CCB Popup if more then 5 codes)
I-9
Pay Period
Market Capitalization
Profit