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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 excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Liability
Profit
Face Value
Stockholders' Equity
2. A tax-deferred investment and savings plan that acts as a personal pension fund for employees
Pay Period
Forbearance
401 K
Financial Goals
3. 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.
Liability
Exemption
Tax Liability
W-4
4. A share set aside for a specific purpose
Allocation
Will
EFT
Vesting
5. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Time value of money
Financial Needs
Tax Liability
Asset
6. An exchange that occurs as a compromise
Resources
Executor
Exemption
Trade-off
7. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Certificates of Deposit
Living Trust
Bank Statement
1040 EZ tax form
8. A general and progressive increase in prices
Rent
Inflation
1040 tax form
Zero-Coupon Bond
9. Is your gross income after certain reductions have been made
Net Income
Adjusted Gross Income
W-4
Financial Goals
10. Business organizations that accommodate the buying and selling of securities.
Preferred Stock
Stock Exchanges
Expenses
Personal Budget
11. Shares of ownership in a company
Probate
Disclosure
Investing
Stocks
12. Production of a certain amount
Pension
Profit
Yield
Self-Interest
13. Total assets minus total liabilities
Self-Interest
Net Worth
Line of Credit
Adjustable-Rate Loan
14. A financial statement that gives operating results for a specific period
Stock Exchanges
Gross Income
Income Statement
Financial Institution
15. A fixed charge for borrowing money
Phishing
Interest
Cannibalizing assets
Shares Outstanding
16. A regular payment to a person that iis intended to allow them to subsist without working
Stockholders' Equity
Transfer Payments
Annual Fee
Pension
17. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Liability
Living Trust
Financial Institution
Transaction Fee
18. The value of a security that is set by the company issuing it
Par Value
Total Assets
Overdraft protection
Inflation
19. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Index Fund
Securities
Phishing
Exemption
20. The right to take another's property if an obligation is not discharged
Common Stock
Good Faith
Lien
Mutual Funds
21. Items of personal interest to collectors that can increase in value in the future
Present Value
1040 EZ tax form
Collectibles
Executor
22. A long-term loan extended to someone who buys property
Mortage
Billing Statement
Yield
Usury
23. A yearly statement of the financial condition - progress - and expectations of an organization
Time value of money
Collectibles
Annual Report
Personal Budget
24. A debt not backed by specific property to satisfy the indebtedness in case of default.
Income Statement
Financial Goals
Unsecured Debt
Zero-Coupon Bond
25. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index
Index Fund
Fixed-Rate Loan
Payday Loan
Time value of money
26. An amount that credit card companies can charge for the use of a credit card.
Annual Fee
Premium
Saving
Loan Shark
27. 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.
Secured Debt
Insolvent
Disclosure
Deposit
28. Someone who has insufficient assets to cover their debts
Savings Register
Income
On-Boarding
Insolvent
29. Preparing a plan for transferring property during one's lifetime and at one's death
Mutual Funds
Installment Loan
Estate Planning
Market Capitalization
30. An evaluation by a rating company of the probability that a particular bond issue will default
Lien
Net Worth
Bond Rating
Taxable Income
31. The amount accruing to the corporations owners
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32. The extent to which something is covered
Expenses
Coverage
Rent
Income
33. A delay in enforcing rights or claims or privileges
Risk
Maintain
Statement of Cash Flows
Forbearance
34. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
Annual Report
Time value of money
Rent
Billing Statement
35. An act of economizing
Mutual Funds
Mutual Funds
Saving
Exemptions
36. An amount that credit card companies can charge for the use of a credit card.
Income
Financial Needs
Annual Fee
Cash
37. The process of managing one's assets and wealth
Face Value
Foreclosure
Shares Outstanding
Wealth Management
38. 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
Preferred Stock
Exemptions
Property Rights
Pay Period
39. Anything that is used to produce goods or services
Mutual Funds
dividends
Predatory Lending
Resources
40. Place to create a savings account.
Savings Register
Living Trust
Scarcity
Pension
41. An estimation of the value of a business that is obtained by multiplying the number of shares outstanding by the current price of a share
Market Capitalization
Credit
Pay Period
Transaction Fee
42. Simplified IRS tax form which some individuals can file instead of the 1040 form.
1040 EZ tax form
Maintain
Direct Car Loan
Deductions
43. An accounting entry acknowledging sums that are owing
Par Value
Coupon Rate
Nonprofit Organization
Debit
44. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail
Premium
Income
Market Capitalization
Phishing
45. A share set aside for a specific purpose
Will
Taxable Income
Annual Fee
Allocation
46. Concern for ones own well being and advantages
Balance Sheet
Consequence
Premium
Self-Interest
47. The date on which a financial obligation must be repaid
Maturity Date
Balance Sheet
EFT
Financial Statements
48. The money(usually a set amount) given to an individual to spend
Savings Register
Personal Allowances
Lien
Consequence
49. 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.
Liability
Investing
Savings Register
Secured Loan
50. Concern for ones own well being and advantages
Self-Interest
Loan Shark
Mutual Funds
Float