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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 standard IRS form for individual tax returns.
1040 tax form
Interest Rate
Stock Symbol
Interest
2. Place to create a savings account.
Statement of Cash Flows
Savings Register
Loan
Reconcile
3. Interest calculated on both the principal and the accrued interest
Vesting
Cash
Compound Interest
Stock Exchanges
4. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.
Disclosure
Savings Register
Deductions
Interest Rate
5. An amount that credit card companies can charge for the use of a credit card.
Stockholders' Equity
Ownership Investments
Annual Fee
Fixed-Rate Loan
6. The outcome of an event especially as relative to an individual
Overdraft protection
Will
Personal Budget
Consequence
7. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Exemption
1040 EZ tax form
Saving
Financial Institution
8. The amount of tax owed
Checkbook Register
Tax Liability
Issuer
Withdrawal
9. A general and progressive increase in prices
Inflation
Profit
Credit
Probate
10. Limited quantities of resources to meet unlimited wants
Indirect Car Loan
Forbearance
Disclosure
Scarcity
11. Something that is made open or revealed
Gross Income
Wealth Management
Predatory Lending
Disclosure
12. The process of making a decision - usually complex
Decison-making
401 K
Savings Register
Zero-Coupon Bond
13. Shares of ownership in a company
Stocks
Saving
Mortage
Net Worth
14. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Net Income
Return
Securities
Liability
15. Limited quantities of resources to meet unlimited wants
Scarcity
W-4
Stockholders' Equity
Secured Loan
16. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Pay Period
Deductible
Income Statement
Overdraft protection
17. The commercial activity of transporting and selling goods from a producer to a consumer
Financial Institution
Distribution
Premium
Insolvent
18. The act of reducing the selling price of merchandise
Liability
Predatory Lending
Deduction
1040 EZ tax form
19. A yearly statement of the financial condition - progress - and expectations of an organization
1040 tax form
Annual Report
Interest Rate
Bankruptcy
20. Receiving money for loaning money
Loan Shark
Liability
Lending Investments
Exemption
21. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Collectibles
Time value of money
Bonds
Debt Consolidation
22. Grant use or occupation of under a term of contract
Direct Car Loan
dividends
Rent
Personal Allowances
23. Payment for insurance
Values
Saving
Premium
Transfer Payments
24. A record of checks written and deposits made in a checking account - kept by the depositor
Liability
Par Value
Checkbook Register
Cash
25. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Line of Credit
FICA
Gross Income
Deductible
26. Prompt payment for goods or services in currency or by check
Living Trust
Index Fund
Cash
Adjustable-Rate Loan
27. A venture undertaken without regard to possible loss or injury
APR
Financial Institution
Risk
EFT
28. 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.
Loan
Income
Securities
Insurance
29. Payment for insurance
Tax Liability
Risk
Debit
Premium
30. A loan backed by something valuable - such as property
Tax Liability
Secured Loan
Transfer Payments
Direct Car Loan
31. Simplified IRS tax form which some individuals can file instead of the 1040 form.
1040 EZ tax form
Credit
Gross Income
Debit
32. Something of value; a resource; an advantage
Interest Rate
Asset
Mortage
Secured Loan
33. 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
Good Faith
Market Capitalization
Loan
Interest Rate
34. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Money Market Accounts
Profit
Financial Goals
Loan Shark
35. Protection against future loss
Withdrawal
Preferred Stock
Indirect Car Loan
Insurance
36. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.
1040 tax form
Bank Statement
Deductions
Insurance
37. 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
Interest
Identity Theft
Mortage
EDGAR
38. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Late Fee
Stock Symbol
Usury
Face Value
39. Funds that are often times traded through a stock exchange (NYSE)
Ownership Investments
Decison-making
Savings Register
Exchange-Traded Funds
40. The process of managing one's assets and wealth
Wealth Management
Estate Planning
Retirement Planning
Credit
41. A penalty for making a payment after the due date
Late Fee
Ownership Investments
Tax Liability
Scarcity
42. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index
On-Boarding
Incentives
Index Fund
Usury
43. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
Secured Loan
Bond Rating
Collectibles
Balance Sheet
44. Loan deal in which the actual lender may not be known to the borrower.
Annual Report
Estate Planning
Indirect Car Loan
Balance Sheet
45. The extent to which something is covered
Nonprofit Organization
Fixed-Rate Loan
Incentives
Coverage
46. Arrangement for deferred payment for goods and services
Credit
Interest Rate
1040 EZ tax form
Foreclosure
47. An extra charge for various credit activities such as using an ATM or receiving a cash advance
Forbearance
Secured Debt
Transaction Fee
Stock Symbol
48. An evaluation by a rating company of the probability that a particular bond issue will default
Time value of money
Asset Allocation
Financial Institution
Bond Rating
49. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Certificates of Deposit
Balance
Property Rights
Direct Car Loan
50. Grant use or occupation of under a term of contract
1040 tax form
Rent
Stockholders' Equity
Deduction