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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 tax-deferred investment and savings plan that acts as a personal pension fund for employees
Direct Car Loan
401 K
Probate
Bond Rating
2. An evaluation by a rating company of the probability that a particular bond issue will default
Interest-Only Loan
Bond Rating
Taxable Income
Fixed-Rate Loan
3. Anything that is used to produce goods or services
EDGAR
Secured Loan
Insolvent
Resources
4. A regular payment to a person that iis intended to allow them to subsist without working
Bonds
Adjustable-Rate Loan
Pension
Retirement Planning
5. Protection against future loss
Preferred Stock
Bankruptcy
Insurance
Mortage
6. Bring into consonance or accord - to agree on terms
Par Value
Savings Register
Reconcile
Resources
7. Loan with equal number of payments of the same amount over a fixed period of time.
Common Stock
Total Debt
Self-Interest
Installment Loan
8. A person appointed by a testator to carry out the terms of the will
Transfer Payments
Bond Rating
Income Statement
Executor
9. 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
Cannibalizing assets
Personal Budget
Billing Statement
Exemptions
10. Give back (tax return)
Probate
Return
Index Fund
Coupon Rate
11. A bond with zero discounts
Total Assets
Interest-Only Loan
Zero-Coupon Bond
Par Value
12. The time interval between the deposit of a check in a bank and its payment
Deduction
Float
SEC Filings
Total Debt
13. The process of making a decision - usually complex
Decison-making
Insurance
Premium
Saving
14. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
Secured Debt
Stock Symbol
Billing Statement
Money Market Accounts
15. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Wage
Total Debt
Liability
Net Income
16. Electronic Funds Transfer
EFT
Time value of money
Financial Statements
APR
17. The rights of an individual to own - use - rent - invest in - buy - and sell property.
Stock Exchanges
Coverage
Property Rights
Consequence
18. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)
Zero-Coupon Bond
Unsecured Loan
Market Capitalization
Annual Report
19. Prompt payment for goods or services in currency or by check
Bank Statement
Cash
Loan Shark
dividends
20. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail
Return
Phishing
Interest Rate
Tax Liability
21. 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.
Cash
Beneficiary
Stock Symbol
Predatory Lending
22. The money paid for employee services
Withdrawal
Values
Salary
Rent
23. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Probate
Distribution
Securities
Indirect Car Loan
24. A delay in enforcing rights or claims or privileges
Financial Institution
Forbearance
Credit
EFT
25. 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.
Interest Rate
Disclosure
W-4
Withdrawal
26. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
Pension
Net Income
Financial Goals
Values
27. Concern for ones own well being and advantages
Self-Interest
Mutual Funds
Asset Allocation
Interest Rate
28. Things that incite or spur to action; rewards or reasons for performing a task.
Exemption
Incentives
Par Value
Self-Interest
29. 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
Self-Interest
Tax Liability
Total Debt
30. The shares available to sell/buy
Tax Liability
Financial Needs
Shares Outstanding
Loan Shark
31. A bank account that accumulates interest
SEC Filings
Present Value
Total Debt
Savings Account
32. Production of a certain amount
Saving
Vesting
EDGAR
Yield
33. 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.
Par Value
Values
Loan
Executor
34. A fixed charge for borrowing money
Investing
Interest
Exemptions
Interest Rate
35. The percentage of a sum of money charged for its use
Interest Rate
Stock Exchanges
Balance Sheet
dividends
36. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Insurance
Personal Allowances
Stock Symbol
Total Assets
37. The act of taking out money or other capital
Predatory Lending
Withdrawal
Salary
Face Value
38. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
Net Worth
Balance Sheet
Identity Theft
Deduction
39. A loan backed by something valuable - such as property
Transfer Payments
Expenses
Secured Loan
Direct Car Loan
40. An act of economizing
Saving
Loan Shark
Premium
Exemption
41. Short-term and Long-term objectives that are driven by values.
Financial Goals
Disclosure
Retirement Planning
Bankruptcy
42. By planning ahead you can ensure financial stability during your retirement.
Insurance
Profit
Retirement Planning
Disclosure
43. A debt not backed by specific property to satisfy the indebtedness in case of default.
Personal Budget
Unsecured Debt
Asset Allocation
Stock Table
44. An obligation to pay money to another party
Trade-off
Zero-Coupon Bond
Market Capitalization
Liability
45. Financial reports that summarize the financial condition and operations of a business
Premium
Net Worth
Direct Car Loan
Financial Statements
46. The amount accruing to the corporations owners
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47. Arrangement for deferred payment for goods and services
Payday Loan
Credit
Transfer Payments
Lien
48. The amount of tax owed
Tax Liability
Float
Forbearance
Interest Rate
49. Certificates that represent money the government has borrowed from private citizens
Income
Bonds
Lending Investments
On-Boarding
50. The maximum credit that a customer is allowed
Vesting
Line of Credit
Face Value
Bonds