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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 bank account that accumulates interest
Cannibalizing assets
Savings Account
Annual Report
Mutual Funds
2. An institution that issues something (securities or publications or currency etc.)
Incentives
Gross Income
Issuer
Values
3. Things that incite or spur to action; rewards or reasons for performing a task.
Allocation
FICA
Incentives
Financial Institution
4. Income on which tax must be paid; total income minus exemptions and deductions
Pay Period
Mutual Funds
Taxable Income
Credit
5. 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
Exemptions
Liability
Bank Statement
Bond Rating
6. An accounting entry acknowledging sums that are owing
Premium
Savings Register
Debit
Preferred Stock
7. A debt; something disadvantageous
Insolvent
Adjusted Gross Income
Liability
Mortage
8. Receiving money for loaning money
Zero-Coupon Bond
Maturity Date
Shares Outstanding
Lending Investments
9. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Total Assets
Secured Loan
APR
Certificates of Deposit
10. Having honest intentions
Yield
Good Faith
Pension
Inflation
11. 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
Wage
Preferred Stock
EDGAR
Line of Credit
12. Someone who lends money at excessive rates of interest
Allocation
Loan Shark
Pay Period
Wage
13. Making money for owning something
Interest
Ownership Investments
Deduction
Investing
14. The amount accruing to the corporations owners
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15. A general and progressive increase in prices
Common Stock
Inflation
Secured Debt
Coupon Rate
16. Production of a certain amount
Maturity Date
Personal Budget
Savings Register
Yield
17. The interest rate that a bond issuer will pay to a bondholder
Allocation
Coupon Rate
Identity Theft
Transfer Payments
18. The money paid for employee services
Shares Outstanding
Certificates of Deposit
Salary
Ownership Investments
19. Income before taxes
Saving
Property Rights
Disclosure
Gross Income
20. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Financial Institution
Decison-making
Balance Sheet
Lending Investments
21. A specific plan for spending your income
Loan Shark
Maintain
Personal Budget
Bank Statement
22. The distribution of investment funds among broad classes of assets.
FICA
Credit
Payday Loan
Asset Allocation
23. The extent to which something is covered
Coverage
Deductible
Common Stock
Executor
24. 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.
Withdrawal
Pay Period
Loan
Decison-making
25. A bank account that accumulates interest
Savings Account
Reconcile
Cannibalizing assets
Deduction
26. The time interval between the deposit of a check in a bank and its payment
Zero-Coupon Bond
Float
Trade-off
Decison-making
27. An obligation to pay money to another party
Allocation
Liability
Consequence
Property Rights
28. An evaluation by a rating company of the probability that a particular bond issue will default
Interest
Savings Account
Retirement Planning
Bond Rating
29. Short-term and Long-term objectives that are driven by values.
Liability
Credit
Present Value
Financial Goals
30. Making money for owning something
Financial Statements
Pay Period
Credit
Ownership Investments
31. 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.
Debit
Withdrawal
Indirect Car Loan
W-4
32. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Deductible
Profit
Loan Shark
Common Stock
33. Compute credits and debits of an account
Balance
Scarcity
Self-Interest
Will
34. Funds that are often times traded through a stock exchange (NYSE)
Deduction
Exchange-Traded Funds
Liability
Annual Report
35. Loan with equal number of payments of the same amount over a fixed period of time.
Bonds
Installment Loan
Investing
Line of Credit
36. Simplified IRS tax form which some individuals can file instead of the 1040 form.
1040 EZ tax form
Shares Outstanding
On-Boarding
Payday Loan
37. A fixed charge for borrowing money
Interest Rate
Interest
Interest-Only Loan
1040 EZ tax form
38. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Estate Planning
Income
Financial Institution
Financial Goals
39. A regular payment to a person that iis intended to allow them to subsist without working
W-4
Pension
Balance Sheet
Executor
40. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Time value of money
Debt Consolidation
EFT
Credit
41. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.
Direct Car Loan
Time value of money
Personal Budget
Payday Loan
42. A long-term loan extended to someone who buys property
Pension
Mortage
Investing
1040 tax form
43. The amount of money you would need to deposit now in order to attain a desired amount in the future
Present Value
Loan Shark
On-Boarding
Mutual Funds
44. A penalty for making a payment after the due date
Stock Exchanges
Late Fee
Exchange-Traded Funds
Deductions
45. A person appointed by a testator to carry out the terms of the will
Executor
Stock Exchanges
Wage
Compound Interest
46. Place to create a savings account.
Mutual Funds
Pension
Savings Register
Transaction Fee
47. The act of reducing the selling price of merchandise
Trade-off
Collectibles
Deduction
Net Worth
48. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
Savings Register
Investing
Values
Gross Income
49. The right to take another's property if an obligation is not discharged
Lien
Financial Institution
EFT
Exemptions
50. Bring into consonance or accord - to agree on terms
Reconcile
Checkbook Register
Common Stock
Profit