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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. 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
Bankruptcy
Loan Shark
Cannibalizing assets
Unsecured Loan
2. Loan with equal number of payments of the same amount over a fixed period of time.
EDGAR
Installment Loan
Risk
Financial Goals
3. Something that is made open or revealed
Late Fee
Disclosure
Adjusted Gross Income
EDGAR
4. A loan where the payment is acheived through interest
Gross Income
Mortage
Interest Rate
Interest-Only Loan
5. 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.
Financial Statements
Loan
Insurance
Debit
6. The outcome of an event especially as relative to an individual
EFT
Consequence
Wage
Allocation
7. Someone who lends money at excessive rates of interest
Usury
Loan Shark
Will
Mutual Funds
8. Something of value; a resource; an advantage
Premium
Withdrawal
Asset
Beneficiary
9. A penalty for making a payment after the due date
Stockholders' Equity
Cash
Income Statement
Late Fee
10. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Foreclosure
Direct Car Loan
Stockholders' Equity
Installment Loan
11. Interest calculated on both the principal and the accrued interest
Salary
Pay Period
Compound Interest
Mutual Funds
12. The amount of money you would need to deposit now in order to attain a desired amount in the future
EFT
Ownership Investments
Present Value
Living Trust
13. Prompt payment for goods or services in currency or by check
Cash
EDGAR
Asset
Ownership Investments
14. Simplified IRS tax form which some individuals can file instead of the 1040 form.
1040 EZ tax form
Tax Liability
Bonds
Gross Income
15. Stock other than preferred stock
Annual Report
Balance
Common Stock
Rent
16. The distribution of investment funds among broad classes of assets.
Asset Allocation
Wage
Financial Institution
Interest-Only Loan
17. Concern for ones own well being and advantages
Stock Exchanges
Interest Rate
Consequence
Self-Interest
18. Items of personal interest to collectors that can increase in value in the future
Collectibles
SEC Filings
I-9
Phishing
19. The economical needs of an individual
Market Capitalization
On-Boarding
Financial Needs
Self-Interest
20. A regular payment to a person that iis intended to allow them to subsist without working
Pension
Savings Account
Bankruptcy
Bond Rating
21. Someone who has insufficient assets to cover their debts
Insolvent
Gross Income
Stock Exchanges
Financial Needs
22. Maintain by writing regular records
Maintain
Interest-Only Loan
Net Income
Mutual Funds
23. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
FICA
Bankruptcy
Self-Interest
On-Boarding
24. Money paid to a worker
Wage
Certificates of Deposit
Values
Disclosure
25. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Personal Budget
Expenses
Secured Loan
Time value of money
26. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time
Vesting
Lien
Certificates of Deposit
Risk
27. An institution that issues something (securities or publications or currency etc.)
Issuer
Shares Outstanding
Liability
Credit
28. The period covered by a salary payment
Estate Planning
Deductions
Pay Period
Overdraft protection
29. The fee - expressed as a percentage - a borrower owes for the use of a creditor's money. At an interest rate of 10% - a borrower would pay $110 for $100 borrowed.
Interest Rate
Asset Allocation
Present Value
Ownership Investments
30. The distribution of investment funds among broad classes of assets.
Salary
Common Stock
Balance Sheet
Asset Allocation
31. The act of reducing the selling price of merchandise
Shares Outstanding
dividends
Deduction
Interest
32. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
Return
Values
W-4
Time value of money
33. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Net Income
Certificates of Deposit
Nonprofit Organization
Wage
34. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Overdraft protection
Interest-Only Loan
Deposit
Total Debt
35. Concern for ones own well being and advantages
Investing
Self-Interest
Market Capitalization
Gross Income
36. A venture undertaken without regard to possible loss or injury
Distribution
Stock Symbol
Risk
Late Fee
37. A payment given as a guarantee that an obligation will be met
Line of Credit
Deposit
Stock Symbol
Net Worth
38. The act of taking out money or other capital
Withdrawal
Stockholders' Equity
Phishing
Total Assets
39. 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
Phishing
Scarcity
Market Capitalization
Credit
40. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Coupon Rate
Savings Account
Identity Theft
Deductible
41. A payment given as a guarantee that an obligation will be met
Deposit
Wage
Consequence
Yield
42. Profits paid to investors
dividends
Stocks
Opportunity Cost
Exemption
43. Prompt payment for goods or services in currency or by check
Index Fund
Cash
Liability
Exemption
44. A debt; something disadvantageous
Personal Budget
Bankruptcy
Coupon Rate
Liability
45. Loan where the lender goes through the borrower
Deduction
Direct Car Loan
APR
Asset Allocation
46. A long-term loan extended to someone who buys property
Mortage
Loan Shark
Debit
Savings Account
47. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Debt Consolidation
Debt Consolidation
Liability
Financial Institution
48. All costs or bills related to the business
Expenses
Net Income
Mutual Funds
Statement of Cash Flows
49. An accounting entry acknowledging income or capital items
Credit
Identity Theft
Personal Budget
Stockholders' Equity
50. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Zero-Coupon Bond
Bankruptcy
Stock Exchanges
Wage