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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 maximum credit that a customer is allowed
Wage
SEC Filings
Preferred Stock
Line of Credit
2. The act of reducing the selling price of merchandise
Face Value
Direct Car Loan
Deduction
Distribution
3. Production of a certain amount
Bankruptcy
Allocation
Yield
Financial Institution
4. Debt backed by a mortgage - pledge of collateral - or other lien; debt for which the creditor has the right to pursue specific pledged property upon default. Examples include home mortgages - auto loans and tax liens.
Issuer
Secured Debt
Asset Allocation
Deductions
5. Simplified IRS tax form which some individuals can file instead of the 1040 form.
1040 EZ tax form
Distribution
Debit
Fixed-Rate Loan
6. The financial gain (earned or unearned) accruing over a given period of time
Transfer Payments
Income
Personal Budget
Cannibalizing assets
7. The distribution of investment funds among broad classes of assets.
Credit
Stockholders' Equity
Asset Allocation
Retirement Planning
8. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.
Deductions
Income
Income
Pension
9. An act of economizing
Pay Period
Coverage
Balance
Saving
10. A business activity that changes assets - liabilities - or owner's equity
Adjusted Gross Income
Income
Transaction
Nonprofit Organization
11. A legal document declaring a person's wishes regarding the disposal of their property when they die
Common Stock
On-Boarding
Float
Will
12. The money paid for employee services
Liability
Loan
Salary
Stock Exchanges
13. Savings account that pays market rate or better interest and allows access to funds without penalty.
Issuer
Checkbook Register
Money Market Accounts
Yield
14. The interest rate that a bond issuer will pay to a bondholder
Wealth Management
Credit
Exemption
Coupon Rate
15. A person appointed by a testator to carry out the terms of the will
401 K
Debit
Executor
Investing
16. A yearly statement of the financial condition - progress - and expectations of an organization
Secured Loan
Annual Report
Property Rights
Deductions
17. Things that incite or spur to action; rewards or reasons for performing a task.
Total Debt
I-9
Compound Interest
Incentives
18. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.
Interest
Issuer
Credit
SEC Filings
19. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Transaction
Exemption
Shares Outstanding
Allocation
20. 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
W-4
Collectibles
Cannibalizing assets
Gross Income
21. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Gross Income
Stock Symbol
Vesting
Certificates of Deposit
22. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.
Living Trust
EFT
Cannibalizing assets
Cannibalizing assets
23. The act of taking out money or other capital
1040 tax form
Withdrawal
Trade-off
Statement of Cash Flows
24. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Total Assets
Stocks
Installment Loan
Self-Interest
25. Interest calculated on both the principal and the accrued interest
Issuer
Balance Sheet
Debit
Compound Interest
26. Certificates that represent money the government has borrowed from private citizens
Bonds
Savings Account
Maturity Date
Securities
27. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
On-Boarding
Withdrawal
Credit
Billing Statement
28. The right to take another's property if an obligation is not discharged
Lien
Asset Allocation
Beneficiary
Adjustable-Rate Loan
29. Can be found in a newspaper and shows information about popular stocks.
Maintain
Stock Table
Distribution
Pension
30. Give back (tax return)
Income Statement
Return
Resources
Risk
31. The standard IRS form for individual tax returns.
Financial Institution
Securities
Loan
1040 tax form
32. The distribution of investment funds among broad classes of assets.
Compound Interest
Savings Register
Billing Statement
Asset Allocation
33. An automatic loan made to you if you write a check for more money than you have in your account
Balance
Nonprofit Organization
Overdraft protection
Pay Period
34. The economical needs of an individual
Distribution
Financial Needs
Exemptions
Insolvent
35. A loan backed by something valuable - such as property
Ownership Investments
Secured Loan
Interest Rate
Insurance
36. Stock other than preferred stock
Risk
Transfer Payments
Insolvent
Common Stock
37. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
Values
Insolvent
Return
Opportunity Cost
38. The amount accruing to the corporations owners
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39. An evaluation by a rating company of the probability that a particular bond issue will default
Bond Rating
Retirement Planning
Interest Rate
Values
40. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
Balance Sheet
Credit
Secured Debt
Line of Credit
41. The amount of money you would need to deposit now in order to attain a desired amount in the future
Present Value
Retirement Planning
Savings Register
Pension
42. A periodic statement prepared by a bank for each client
Collectibles
Secured Debt
Cash
Bank Statement
43. Financial organization that pools people's money and invests it
Collectibles
Mutual Funds
Financial Institution
Scarcity
44. Interest calculated on both the principal and the accrued interest
Compound Interest
Exemptions
Net Income
Rent
45. The shares available to sell/buy
Personal Budget
Transaction
Shares Outstanding
Probate
46. A tax-deferred investment and savings plan that acts as a personal pension fund for employees
Zero-Coupon Bond
Decison-making
Transaction Fee
401 K
47. An act of economizing
Saving
Secured Debt
Annual Report
Inflation
48. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index
Insurance
Zero-Coupon Bond
Debt Consolidation
Index Fund
49. The process of managing one's assets and wealth
Wealth Management
Asset
Expenses
Balance Sheet
50. The act of lending money at an exorbitant rate of interest
Will
Usury
Unsecured Loan
Nonprofit Organization