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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. The act of reducing the selling price of merchandise
SEC Filings
Shares Outstanding
Float
Deduction
2. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Risk
Good Faith
Market Capitalization
Foreclosure
3. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.
Withdrawal
Statement of Cash Flows
Face Value
Personal Allowances
4. A fixed charge for borrowing money
Adjustable-Rate Loan
Float
Interest
dividends
5. 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
Stockholders' Equity
1040 EZ tax form
Income Statement
EDGAR
6. Total assets minus total liabilities
Net Worth
Loan Shark
Income Statement
Loan
7. 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.
Transfer Payments
Predatory Lending
Present Value
Tax Liability
8. Something of value; a resource; an advantage
Bankruptcy
Consequence
Asset
Zero-Coupon Bond
9. The money(usually a set amount) given to an individual to spend
Values
Personal Allowances
Return
Deductible
10. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Foreclosure
Securities
Consequence
Resources
11. Money paid to a worker
Wage
Time value of money
Unsecured Debt
Interest Rate
12. The money(usually a set amount) given to an individual to spend
Installment Loan
Income
Float
Personal Allowances
13. Someone who has insufficient assets to cover their debts
Lien
Resources
Insolvent
Debt Consolidation
14. 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
Probate
Disclosure
Decison-making
Identity Theft
15. Business organizations that accommodate the buying and selling of securities.
Total Assets
Property Rights
EDGAR
Stock Exchanges
16. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)
Payday Loan
Will
Interest
Unsecured Loan
17. Someone who lends money at excessive rates of interest
Loan Shark
Issuer
Disclosure
Billing Statement
18. Place to create a savings account.
Estate Planning
Billing Statement
Deductible
Savings Register
19. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.
Statement of Cash Flows
Balance Sheet
Balance
Bank Statement
20. Financial organization that pools people's money and invests it
Personal Allowances
Mutual Funds
Estate Planning
Allocation
21. The outcome of an event especially as relative to an individual
Transaction
Consequence
Shares Outstanding
Coupon Rate
22. An accounting entry acknowledging income or capital items
Credit
Risk
Deductions
Bank Statement
23. An accounting entry acknowledging income or capital items
Index Fund
Credit
Savings Account
Distribution
24. A long-term loan extended to someone who buys property
Risk
Premium
Estate Planning
Mortage
25. A regular payment to a person that iis intended to allow them to subsist without working
Pension
Deposit
Savings Account
Net Income
26. An obligation to pay money to another party
Loan
Zero-Coupon Bond
Liability
Stock Table
27. An exchange that occurs as a compromise
Trade-off
Lending Investments
Deduction
Financial Institution
28. A loan that is paid off in a fixed rate over a period of time
Salary
Fixed-Rate Loan
Deductions
Ownership Investments
29. The interest rate that a bond issuer will pay to a bondholder
Coupon Rate
Stock Table
Late Fee
Financial Institution
30. Limited quantities of resources to meet unlimited wants
Scarcity
Predatory Lending
I-9
Statement of Cash Flows
31. 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.
Deposit
Interest Rate
Risk
Deductible
32. The process of managing one's assets and wealth
Wealth Management
Maintain
Pension
EFT
33. 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.
Net Income
Balance
Loan
Personal Budget
34. Receiving money for loaning money
Lending Investments
Total Debt
Reconcile
Reconcile
35. Loan where the lender goes through the borrower
Yield
Direct Car Loan
Market Capitalization
Yield
36. Simplified IRS tax form which some individuals can file instead of the 1040 form.
FICA
Asset Allocation
1040 EZ tax form
Secured Debt
37. The percentage of a sum of money charged for its use
Cannibalizing assets
Exemption
Interest Rate
Maturity Date
38. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail
Certificates of Deposit
Unsecured Loan
Premium
Phishing
39. The extent to which something is covered
Pay Period
Personal Allowances
Coverage
Net Income
40. Profits paid to investors
Probate
Liability
Liability
dividends
41. The percentage of a sum of money charged for its use
Zero-Coupon Bond
Unsecured Debt
Interest Rate
401 K
42. The shares available to sell/buy
401 K
Rent
Shares Outstanding
dividends
43. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Adjustable-Rate Loan
Interest Rate
Disclosure
Probate
44. A debt not backed by specific property to satisfy the indebtedness in case of default.
Resources
Bonds
Expenses
Unsecured Debt
45. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
Stocks
Direct Car Loan
Billing Statement
Risk
46. The apparent worth as opposed to the real worth
Fixed-Rate Loan
Face Value
FICA
Exchange-Traded Funds
47. The process of making a decision - usually complex
Exchange-Traded Funds
EFT
Maintain
Decison-making
48. An amount that credit card companies can charge for the use of a credit card.
APR
Annual Fee
Face Value
dividends
49. 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.
Credit
Distribution
Secured Debt
Bankruptcy
50. The financial gain (earned or unearned) accruing over a given period of time
Face Value
Income
Property Rights
Probate