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. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group






2. The maximum credit that a customer is allowed






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






4. Simplified IRS tax form which some individuals can file instead of the 1040 form.






5. 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.






6. Items of personal interest to collectors that can increase in value in the future






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






8. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received






9. Shares of ownership in a company






10. 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.






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






12. Money paid to a worker






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






14. A regular payment to a person that iis intended to allow them to subsist without working






15. 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






16. 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.






17. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt






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






19. Payment for insurance






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






21. Things that incite or spur to action; rewards or reasons for performing a task.






22. Loan deal in which the actual lender may not be known to the borrower.






23. Concern for ones own well being and advantages






24. Payment for insurance






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






26. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.






27. Business organizations that accommodate the buying and selling of securities.






28. The extent to which something is covered






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






30. The process of making a decision - usually complex






31. Certificates that represent money the government has borrowed from private citizens






32. 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






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






34. The act of taking out money or other capital






35. An extra charge for various credit activities such as using an ATM or receiving a cash advance






36. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)






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






38. 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.






39. Income before taxes






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






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






42. The shares available to sell/buy






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






44. A periodic statement prepared by a bank for each client






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






46. An exchange that occurs as a compromise






47. The percentage of a sum of money charged for its use






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






49. 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






50. Total assets minus total liabilities