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 delay in enforcing rights or claims or privileges






2. Any of a number of fraudulent - deceptive - discriminatory - or unfavorable lending practices. Many of these practices are illegal - while others are legal but not in the best interest of the borrowers.






3. Arrangement for deferred payment for goods and services






4. The time interval between the deposit of a check in a bank and its payment






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






6. Profits paid to investors






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






8. A bond with zero discounts






9. The apparent worth as opposed to the real worth






10. An obligation to pay money to another party






11. Concern for ones own well being and advantages






12. Compute credits and debits of an account






13. A general and progressive increase in prices






14. The time interval between the deposit of a check in a bank and its payment






15. The period covered by a salary payment






16. Loan with equal number of payments of the same amount over a fixed period of time.






17. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group






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






19. Income before taxes






20. An automatic loan made to you if you write a check for more money than you have in your account






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






22. Business organizations that accommodate the buying and selling of securities.






23. Loan where the lender goes through the borrower






24. The percentage of a sum of money charged for its use






25. A specific plan for spending your income






26. Making money for owning something






27. A fixed charge for borrowing money






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






29. Arrangement for deferred payment for goods and services






30. A bank account that accumulates interest






31. By planning ahead you can ensure financial stability during your retirement.






32. Bring into consonance or accord - to agree on terms






33. Income before taxes






34. The act of committing money or capital to an endeavor (a business - project - real estate - etc.) with the expectation of obtaining an additional income or profit.






35. A loan backed by something valuable - such as property






36. 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.






37. An accounting entry acknowledging income or capital items






38. The shares available to sell/buy






39. Anything that is used to produce goods or services






40. Simplified IRS tax form which some individuals can file instead of the 1040 form.






41. The right to take another's property if an obligation is not discharged






42. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt






43. A debt not backed by specific property to satisfy the indebtedness in case of default.






44. Receiving money for loaning money






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






46. Financial reports that summarize the financial condition and operations of a business






47. A business activity that changes assets - liabilities - or owner's equity






48. Someone who lends money at excessive rates of interest






49. Funds that are often times traded through a stock exchange (NYSE)






50. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid