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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. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Float
Certificates of Deposit
Stockholders' Equity
Unsecured Debt
2. 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
Total Assets
Liability
Exemptions
Return
3. A legal document declaring a person's wishes regarding the disposal of their property when they die
Wage
Will
Retirement Planning
Deduction
4. Financial organization that pools people's money and invests it
Tax Liability
Net Worth
Maintain
Mutual Funds
5. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Executor
Stock Table
Probate
Net Income
6. Total assets minus total liabilities
Withdrawal
Net Worth
Lien
Unsecured Debt
7. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
Distribution
Values
Executor
Securities
8. Production of a certain amount
Debit
Yield
Zero-Coupon Bond
Insurance
9. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time
Unsecured Debt
Insolvent
Vesting
On-Boarding
10. An accounting entry acknowledging income or capital items
Liability
Savings Register
Credit
Financial Institution
11. The recipient of funds or other benefits
Risk
Beneficiary
Return
Tax Liability
12. The period covered by a salary payment
Pay Period
Resources
APR
Gross Income
13. A periodic statement prepared by a bank for each client
Bank Statement
Interest Rate
Tax Liability
Billing Statement
14. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
Living Trust
On-Boarding
Wealth Management
Debit
15. The commercial activity of transporting and selling goods from a producer to a consumer
Credit
Distribution
dividends
Income
16. An act of economizing
Saving
Identity Theft
Checkbook Register
Collectibles
17. The percentage of a sum of money charged for its use
Exemptions
Bonds
Coupon Rate
Interest Rate
18. 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
Liability
Late Fee
Market Capitalization
Premium
19. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.
Adjusted Gross Income
SEC Filings
Trade-off
Reconcile
20. The shares available to sell/buy
Liability
SEC Filings
Line of Credit
Shares Outstanding
21. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Probate
Annual Report
Stock Exchanges
Par Value
22. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Financial Needs
Foreclosure
Maturity Date
Bank Statement
23. The act of reducing the selling price of merchandise
Personal Budget
Index Fund
Loan
Deduction
24. Shares of ownership in a company
Executor
Scarcity
Savings Account
Stocks
25. A loan where the payment is acheived through interest
Interest-Only Loan
Billing Statement
Financial Needs
Common Stock
26. The shares available to sell/buy
Retirement Planning
Shares Outstanding
Adjusted Gross Income
Installment Loan
27. The standard IRS form for individual tax returns.
Stock Table
Cash
APR
1040 tax form
28. Having honest intentions
Personal Budget
APR
Lien
Good Faith
29. The financial gain (earned or unearned) accruing over a given period of time
Trade-off
Net Worth
Income
APR
30. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
Balance Sheet
Statement of Cash Flows
Secured Loan
Insurance
31. Diagnosis Codes (in CCB Popup if more then 5 codes)
Unsecured Debt
Asset
Savings Register
I-9
32. Grant use or occupation of under a term of contract
Pay Period
Rent
Interest-Only Loan
Interest-Only Loan
33. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index
Cannibalizing assets
Mutual Funds
Deductions
Index Fund
34. A yearly statement of the financial condition - progress - and expectations of an organization
Debit
Compound Interest
Annual Report
Interest-Only Loan
35. Things that incite or spur to action; rewards or reasons for performing a task.
Compound Interest
1040 EZ tax form
Incentives
Living Trust
36. 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
FICA
Par Value
Transaction
Credit
37. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time
Deductions
Securities
Stock Exchanges
Vesting
38. The money(usually a set amount) given to an individual to spend
Personal Allowances
Liability
Retirement Planning
Credit
39. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received
Net Income
Time value of money
Values
Balance Sheet
40. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Incentives
Pension
Income Statement
Exemption
41. A delay in enforcing rights or claims or privileges
Foreclosure
Forbearance
Lending Investments
Phishing
42. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.
Face Value
Time value of money
Living Trust
Stockholders' Equity
43. Compute credits and debits of an account
Savings Account
Financial Needs
Balance
Insolvent
44. The amount accruing to the corporations owners
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45. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Preferred Stock
Lien
Late Fee
Transfer Payments
46. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.
Phishing
Deductions
Vesting
Coupon Rate
47. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt
Inflation
Vesting
Secured Debt
Debt Consolidation
48. The rights of an individual to own - use - rent - invest in - buy - and sell property.
Liability
Net Worth
Property Rights
Deductions
49. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Asset Allocation
Gross Income
Balance Sheet
Total Debt
50. A loan in which the rate can be altered to adjust to economical need
Foreclosure
1040 tax form
Adjustable-Rate Loan
Bond Rating