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. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid






2. A general and progressive increase in prices






3. Profits paid to investors






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






5. The maximum credit that a customer is allowed






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






7. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.






8. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid






9. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation






10. 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.






11. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.






12. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation






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






14. An accounting entry acknowledging income or capital items






15. Savings account that pays market rate or better interest and allows access to funds without penalty.






16. Production of a certain amount






17. The time interval between the deposit of a check in a bank and its payment






18. The amount of money you would need to deposit now in order to attain a desired amount in the future






19. Arrangement for deferred payment for goods and services






20. The rights of an individual to own - use - rent - invest in - buy - and sell property.






21. 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.






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






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






24. A loan that is paid off in a fixed rate over a period of time






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






26. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.






27. Financial organization that pools people's money and invests it






28. An institution that issues something (securities or publications or currency etc.)






29. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets






30. The extent to which something is covered






31. Shares of ownership in a company






32. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets






33. Bring into consonance or accord - to agree on terms






34. A loan backed by something valuable - such as property






35. Short-term and Long-term objectives that are driven by values.






36. Grant use or occupation of under a term of contract






37. A penalty for making a payment after the due date






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






39. The value of a security that is set by the company issuing it






40. An amount that credit card companies can charge for the use of a credit card.






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






42. Institution that functions much like a business - but does not operate for the purpose of generating profits






43. An automatic loan made to you if you write a check for more money than you have in your account






44. A payment given as a guarantee that an obligation will be met






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






46. 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.






47. Compute credits and debits of an account






48. The amount accruing to the corporations owners


49. An amount that credit card companies can charge for the use of a credit card.






50. Anything that is used to produce goods or services