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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) The income that is received
Financial Statements
Savings Register
On-Boarding
Net Income
2. Funds that are often times traded through a stock exchange (NYSE)
dividends
Statement of Cash Flows
Unsecured Debt
Exchange-Traded Funds
3. Concern for ones own well being and advantages
Self-Interest
Stock Exchanges
Deductions
Mutual Funds
4. Shares of ownership in a company
Expenses
Insolvent
Executor
Stocks
5. Whatever must be given up to obtain some item
Opportunity Cost
Savings Account
Liability
W-4
6. Savings account that pays market rate or better interest and allows access to funds without penalty.
SEC Filings
Installment Loan
Values
Money Market Accounts
7. A general and progressive increase in prices
Inflation
Wealth Management
Issuer
Phishing
8. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Present Value
Total Debt
Liability
I-9
9. The apparent worth as opposed to the real worth
Stock Symbol
APR
Face Value
Vesting
10. Cash payments made by the government to people who do not supply goods - services - or labor in exchange for these payments. They include Social Security benefits - veterans' benefits - and welfare payments.
Deductible
Transfer Payments
Exchange-Traded Funds
Coverage
11. The process of making a decision - usually complex
Nonprofit Organization
Decison-making
Wealth Management
Will
12. Interest calculated on both the principal and the accrued interest
Trade-off
Compound Interest
Pension
Securities
13. The percentage of a sum of money charged for its use
Personal Budget
Unsecured Loan
Interest Rate
Mutual Funds
14. Receiving money for loaning money
W-4
Transfer Payments
Exemptions
Lending Investments
15. An institution that issues something (securities or publications or currency etc.)
Cannibalizing assets
Disclosure
Financial Needs
Issuer
16. Give back (tax return)
Return
Adjusted Gross Income
Lending Investments
Exemptions
17. A legal document declaring a person's wishes regarding the disposal of their property when they die
Values
Will
Personal Allowances
Nonprofit Organization
18. Business organizations that accommodate the buying and selling of securities.
Total Debt
Stock Exchanges
Coverage
Unsecured Loan
19. Concern for ones own well being and advantages
Forbearance
Self-Interest
Usury
Pension
20. Electronic Funds Transfer
Mortage
Stockholders' Equity
Statement of Cash Flows
EFT
21. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Probate
Deductions
Inflation
Deduction
22. A penalty for making a payment after the due date
Late Fee
Lien
W-4
Statement of Cash Flows
23. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Return
Index Fund
Incentives
Financial Institution
24. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Trade-off
Probate
Phishing
Present Value
25. The amount of money you would need to deposit now in order to attain a desired amount in the future
Identity Theft
Present Value
Stock Exchanges
Compound Interest
26. Income before taxes
Gross Income
Adjustable-Rate Loan
Savings Register
I-9
27. Money paid to a worker
Wage
Self-Interest
Investing
Transfer Payments
28. A person appointed by a testator to carry out the terms of the will
Fixed-Rate Loan
Executor
Resources
Expenses
29. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
Inflation
Billing Statement
Overdraft protection
Money Market Accounts
30. Income on which tax must be paid; total income minus exemptions and deductions
Securities
Issuer
Insurance
Taxable Income
31. The amount accruing to the corporations owners
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32. The right to take another's property if an obligation is not discharged
Exemptions
Pay Period
Fixed-Rate Loan
Lien
33. This stands for annual percentage rate - which is a number calculated by taking into account the total cost of the loan - including what the borrower will pay in interest; this makes it easier to compare different loan offers
Values
Mutual Funds
Billing Statement
APR
34. The act of lending money at an exorbitant rate of interest
Allocation
Usury
Net Worth
Financial Goals
35. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.
Living Trust
Lien
Indirect Car Loan
EDGAR
36. The money(usually a set amount) given to an individual to spend
Personal Allowances
Index Fund
Pension
Adjustable-Rate Loan
37. The amount of tax owed
Tax Liability
Financial Needs
Issuer
Shares Outstanding
38. By planning ahead you can ensure financial stability during your retirement.
Common Stock
EFT
Retirement Planning
Common Stock
39. A regular payment to a person that iis intended to allow them to subsist without working
Balance
Stock Symbol
Net Income
Pension
40. 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.
Self-Interest
Secured Debt
Fixed-Rate Loan
Income
41. The commercial activity of transporting and selling goods from a producer to a consumer
Forbearance
Distribution
Financial Statements
Stockholders' Equity
42. A delay in enforcing rights or claims or privileges
Usury
Annual Fee
Forbearance
Withdrawal
43. Stock other than preferred stock
Exchange-Traded Funds
Mutual Funds
Financial Institution
Common Stock
44. 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
APR
Net Worth
Market Capitalization
Transfer Payments
45. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.
Pension
Securities
Statement of Cash Flows
Lien
46. An exchange that occurs as a compromise
Overdraft protection
Stock Exchanges
Trade-off
Insolvent
47. The economical needs of an individual
Total Assets
Predatory Lending
Beneficiary
Financial Needs
48. The act of reducing the selling price of merchandise
Savings Account
Issuer
Deduction
Balance Sheet
49. Loan with equal number of payments of the same amount over a fixed period of time.
Savings Account
Risk
Nonprofit Organization
Installment Loan
50. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Balance
I-9
Money Market Accounts
Exemption