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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. An evaluation by a rating company of the probability that a particular bond issue will default
Bond Rating
Decison-making
Secured Loan
Scarcity
2. The period covered by a salary payment
Usury
Coupon Rate
Money Market Accounts
Pay Period
3. Things that incite or spur to action; rewards or reasons for performing a task.
Incentives
Transfer Payments
Will
Adjustable-Rate Loan
4. A penalty for making a payment after the due date
Vesting
Late Fee
Index Fund
Withdrawal
5. A person appointed by a testator to carry out the terms of the will
Executor
Billing Statement
Issuer
Fixed-Rate Loan
6. A periodic statement prepared by a bank for each client
Estate Planning
Net Income
Bank Statement
SEC Filings
7. A legal document declaring a person's wishes regarding the disposal of their property when they die
Balance
Will
Mortage
Adjustable-Rate Loan
8. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Interest
Executor
Preferred Stock
Payday Loan
9. The act of reducing the selling price of merchandise
Cannibalizing assets
Transaction
Mutual Funds
Deduction
10. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Par Value
Financial Goals
Preferred Stock
Adjusted Gross Income
11. A financial statement that gives operating results for a specific period
Lending Investments
Income Statement
Self-Interest
Cash
12. Shares of ownership in a company
EDGAR
Stocks
Debt Consolidation
Bank Statement
13. Business organizations that accommodate the buying and selling of securities.
Living Trust
Scarcity
Balance
Stock Exchanges
14. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Exemption
Expenses
Time value of money
Living Trust
15. Production of a certain amount
Foreclosure
Yield
Coupon Rate
Saving
16. Any of a number of fraudulent - deceptive - discriminatory - or unfavorable lending practices. Many of these practices are illegal - while others are legal but not in the best interest of the borrowers.
Collectibles
Risk
Vesting
Predatory Lending
17. Total assets minus total liabilities
401 K
Net Worth
Profit
Credit
18. 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.
Investing
Salary
Expenses
Deduction
19. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
EFT
Checkbook Register
Personal Budget
Stock Symbol
20. The extent to which something is covered
Coverage
Identity Theft
Mutual Funds
Stockholders' Equity
21. A share set aside for a specific purpose
Total Debt
Allocation
Compound Interest
Balance
22. A loan where the payment is acheived through interest
Par Value
Forbearance
Liability
Interest-Only Loan
23. Preparing a plan for transferring property during one's lifetime and at one's death
Usury
Loan Shark
Estate Planning
Secured Loan
24. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Certificates of Deposit
Securities
Insolvent
Par Value
25. The distribution of investment funds among broad classes of assets.
Retirement Planning
Savings Register
Incentives
Asset Allocation
26. The amount of money you would need to deposit now in order to attain a desired amount in the future
Preferred Stock
FICA
Executor
Present Value
27. An accounting entry acknowledging income or capital items
Pay Period
Credit
Ownership Investments
Executor
28. A specific plan for spending your income
Asset
Adjusted Gross Income
Personal Budget
Will
29. The shares available to sell/buy
Transaction
Shares Outstanding
Par Value
Maintain
30. The standard IRS form for individual tax returns.
Adjustable-Rate Loan
1040 tax form
Stock Table
Return
31. The act of reducing the selling price of merchandise
Deduction
Direct Car Loan
Wealth Management
Financial Institution
32. A fixed charge for borrowing money
Identity Theft
Exchange-Traded Funds
Interest
Trade-off
33. Maintain by writing regular records
Maintain
Premium
Credit
Mutual Funds
34. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
Financial Needs
Values
Saving
Wealth Management
35. The process of making a decision - usually complex
Decison-making
Stock Exchanges
Index Fund
Cash
36. The shares available to sell/buy
Personal Budget
Shares Outstanding
Cannibalizing assets
Savings Account
37. By planning ahead you can ensure financial stability during your retirement.
Balance
Net Worth
Retirement Planning
On-Boarding
38. A financial statement that gives operating results for a specific period
EDGAR
Scarcity
Income Statement
FICA
39. A periodic statement prepared by a bank for each client
Bank Statement
Stock Exchanges
Debit
Allocation
40. The outcome of an event especially as relative to an individual
Consequence
Premium
Credit
Balance
41. Immunity from a general burden - tax or charge; in bankruptcy or judgment executions - that portion of the debtor's property that cannot be liquidiated and applied to her debts
Transaction Fee
Index Fund
Exemptions
Stocks
42. Can be found in a newspaper and shows information about popular stocks.
Installment Loan
Incentives
Stock Table
Mutual Funds
43. Preparing a plan for transferring property during one's lifetime and at one's death
Deductible
Estate Planning
Billing Statement
Exemption
44. A fixed charge for borrowing money
Interest
Transaction
Predatory Lending
Unsecured Loan
45. An institution that issues something (securities or publications or currency etc.)
Deposit
Preferred Stock
Issuer
Stock Exchanges
46. A regular payment to a person that iis intended to allow them to subsist without working
Statement of Cash Flows
Pension
Bankruptcy
Adjustable-Rate Loan
47. A specific plan for spending your income
Stock Symbol
Personal Budget
Interest Rate
Mutual Funds
48. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.
Profit
Deductions
Premium
Decison-making
49. The co-option of another person's personal information (e.g. - name - social security number - credit card number - passport) without that person's knowledge and the fraudulent use of such knowledge
Disclosure
Insolvent
Identity Theft
Total Debt
50. By planning ahead you can ensure financial stability during your retirement.
Retirement Planning
Gross Income
APR
Salary