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 trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.






2. The extent to which something is covered






3. Preparing a plan for transferring property during one's lifetime and at one's death






4. The distribution of investment funds among broad classes of assets.






5. Shares of ownership in a company






6. Anything that is used to produce goods or services






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






8. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail






9. A bank account that accumulates interest






10. Receiving money for loaning money






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






12. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time






13. Short for Federal Insurance Contributions Act - the name given on the paycheck stub for Social Security and Medicare taxes. The employee pays some of the FICA tax - and and the employer pays some of this tax for each employee. Social Security pays be






14. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index






15. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money






16. 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






17. The economical needs of an individual






18. A loan in which the rate can be altered to adjust to economical need






19. Loan where the lender goes through the borrower






20. A person appointed by a testator to carry out the terms of the will






21. Money paid to a worker






22. Payment for insurance






23. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.






24. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)






25. 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






26. Arrangement for deferred payment for goods and services






27. Place to create a savings account.






28. 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.






29. The maximum credit that a customer is allowed






30. The process of making a decision - usually complex






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






32. The money(usually a set amount) given to an individual to spend






33. Diagnosis Codes (in CCB Popup if more then 5 codes)






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






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






36. Income before taxes






37. The process of making a decision - usually complex






38. Electronic Funds Transfer






39. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company






40. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights






41. A venture undertaken without regard to possible loss or injury






42. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default






43. The maximum credit that a customer is allowed






44. Having honest intentions






45. The financial gain (earned or unearned) accruing over a given period of time






46. The outcome of an event especially as relative to an individual






47. A yearly statement of the financial condition - progress - and expectations of an organization






48. 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.






49. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)






50. Someone who has insufficient assets to cover their debts