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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. Electronic Funds Transfer
EFT
Predatory Lending
Deposit
Deductible
2. Someone who lends money at excessive rates of interest
Loan Shark
Zero-Coupon Bond
Property Rights
Adjustable-Rate Loan
3. Profits paid to investors
dividends
Financial Goals
Incentives
Transaction
4. Business organizations that accommodate the buying and selling of securities.
Direct Car Loan
Stock Exchanges
Vesting
Annual Report
5. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
Expenses
Exchange-Traded Funds
Values
1040 EZ tax form
6. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Insolvent
Salary
Total Debt
Liability
7. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Mortage
Transaction Fee
Time value of money
SEC Filings
8. Things that incite or spur to action; rewards or reasons for performing a task.
Deduction
Foreclosure
Incentives
Preferred Stock
9. Prompt payment for goods or services in currency or by check
Net Worth
Collectibles
Overdraft protection
Cash
10. 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.
Self-Interest
Withdrawal
Interest Rate
Lending Investments
11. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received
Net Income
Adjusted Gross Income
Balance Sheet
Insurance
12. Savings account that pays market rate or better interest and allows access to funds without penalty.
Retirement Planning
Money Market Accounts
Balance
Interest Rate
13. Financial reports that summarize the financial condition and operations of a business
Financial Statements
Present Value
Opportunity Cost
Tax Liability
14. 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.
W-4
401 K
Financial Institution
Lending Investments
15. Loan where the lender goes through the borrower
1040 tax form
Direct Car Loan
Insurance
Bonds
16. A financial statement that gives operating results for a specific period
Income Statement
Mortage
Bond Rating
1040 tax form
17. Receiving money for loaning money
Tax Liability
Saving
Lending Investments
SEC Filings
18. The standard IRS form for individual tax returns.
Deposit
Wage
Vesting
1040 tax form
19. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
Good Faith
Billing Statement
Gross Income
Credit
20. A fixed charge for borrowing money
Salary
Interest
Liability
Loan Shark
21. Diagnosis Codes (in CCB Popup if more then 5 codes)
Maturity Date
Deductions
Resources
I-9
22. A share set aside for a specific purpose
Savings Register
Consequence
Allocation
Common Stock
23. Income on which tax must be paid; total income minus exemptions and deductions
Estate Planning
Credit
Forbearance
Taxable Income
24. The time interval between the deposit of a check in a bank and its payment
Certificates of Deposit
Adjusted Gross Income
APR
Float
25. Preparing a plan for transferring property during one's lifetime and at one's death
Bond Rating
Float
Estate Planning
Savings Account
26. An accounting entry acknowledging income or capital items
Liability
Debt Consolidation
Interest-Only Loan
Credit
27. The recipient of funds or other benefits
Estate Planning
Coverage
Incentives
Beneficiary
28. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index
Allocation
Interest-Only Loan
Index Fund
Income
29. The outcome of an event especially as relative to an individual
Payday Loan
Debit
Consequence
Gross Income
30. Making money for owning something
Maturity Date
Secured Loan
Ownership Investments
Loan
31. The shares available to sell/buy
APR
Savings Register
Financial Goals
Shares Outstanding
32. Something of value; a resource; an advantage
Market Capitalization
Asset
Unsecured Debt
Identity Theft
33. Institution that functions much like a business - but does not operate for the purpose of generating profits
Financial Needs
APR
Nonprofit Organization
Secured Loan
34. Financial organization that pools people's money and invests it
Credit
Net Income
Mutual Funds
Resources
35. A specific plan for spending your income
Loan Shark
Stock Symbol
Bond Rating
Personal Budget
36. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.
Payday Loan
Yield
Index Fund
Disclosure
37. A long-term loan extended to someone who buys property
Mortage
Exchange-Traded Funds
Liability
401 K
38. Preparing a plan for transferring property during one's lifetime and at one's death
Bond Rating
Estate Planning
Unsecured Loan
Mortage
39. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt
Debt Consolidation
Bond Rating
Probate
Gross Income
40. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.
Compound Interest
Reconcile
Probate
Living Trust
41. An evaluation by a rating company of the probability that a particular bond issue will default
EDGAR
Bond Rating
Incentives
Transaction
42. 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.
I-9
Rent
Interest-Only Loan
Loan
43. By planning ahead you can ensure financial stability during your retirement.
Retirement Planning
Transaction Fee
Direct Car Loan
Income
44. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Financial Goals
Probate
Fixed-Rate Loan
APR
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
Billing Statement
Reconcile
Transaction Fee
Zero-Coupon Bond
46. Savings account that pays market rate or better interest and allows access to funds without penalty.
Distribution
Lien
Asset Allocation
Money Market Accounts
47. A bank account that accumulates interest
Savings Account
Total Debt
Unsecured Debt
1040 EZ tax form
48. Funds that are often times traded through a stock exchange (NYSE)
Probate
Ownership Investments
Present Value
Exchange-Traded Funds
49. Receiving money for loaning money
Stock Table
Lending Investments
Par Value
Investing
50. A penalty for making a payment after the due date
Scarcity
Foreclosure
Insolvent
Late Fee