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. A penalty for making a payment after the due date






2. Loan where the lender goes through the borrower






3. Total assets minus total liabilities






4. Funds that pay part of their distributions out of principal cannibalize their assets. This depletes the fund's asset base. Funds cannibalize assets to maintain a dividend and keep shareholders happy. However - like feeding a cow its own milk - this p






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






6. Programs aimed at helping employees integrate - assimilate - and transition to new jobs






7. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.






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






9. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy






10. Short for Federal Insurance Contributions Act - the name given on the paycheck stub for Social Security and Medicare taxes. The employee pays some of the FICA tax - and and the employer pays some of this tax for each employee. Social Security pays be






11. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets






12. The maximum credit that a customer is allowed






13. Financial organization that pools people's money and invests it






14. The money paid for employee services






15. Interest calculated on both the principal and the accrued interest






16. A fixed charge for borrowing money






17. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time






18. Programs aimed at helping employees integrate - assimilate - and transition to new jobs






19. Things that incite or spur to action; rewards or reasons for performing a task.






20. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company






21. Having honest intentions






22. A tax-deferred investment and savings plan that acts as a personal pension fund for employees






23. Arrangement for deferred payment for goods and services






24. Place to create a savings account.






25. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default






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






27. A regular payment to a person that iis intended to allow them to subsist without working






28. The extent to which something is covered






29. The amount accruing to the corporations owners

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






31. Electronic Funds Transfer






32. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation






33. A venture undertaken without regard to possible loss or injury






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






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






36. 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.






37. The date on which a financial obligation must be repaid






38. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.






39. Production of a certain amount






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






41. Receiving money for loaning money






42. An accounting entry acknowledging income or capital items






43. A loan that is paid off in a fixed rate over a period of time






44. The recipient of funds or other benefits






45. The extent to which something is covered






46. A share set aside for a specific purpose






47. A delay in enforcing rights or claims or privileges






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






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






50. Prompt payment for goods or services in currency or by check