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. Funds that are often times traded through a stock exchange (NYSE)






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






3. Income on which tax must be paid; total income minus exemptions and deductions






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






5. Stock other than preferred stock






6. 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.






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






8. Electronic Funds Transfer






9. A debt not backed by specific property to satisfy the indebtedness in case of default.






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






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






12. The amount accruing to the corporations owners

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13. 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.






14. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.






15. Interest calculated on both the principal and the accrued interest






16. Someone who lends money at excessive rates of interest






17. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount






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






19. The extent to which something is covered






20. A bank account that accumulates interest






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






22. Concern for ones own well being and advantages






23. Profits paid to investors






24. The act of lending money at an exorbitant rate of interest






25. Having honest intentions






26. Payment for insurance






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






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






29. By planning ahead you can ensure financial stability during your retirement.






30. The money paid for employee services






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






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






33. Shares of ownership in a company






34. The amount accruing to the corporations owners

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






36. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure






37. Electronic Data Gathering Analysis and Retrieval - the electronic system used by the SEC to enable investors to search electronically for financial reports filed by individual companies






38. A legal document declaring a person's wishes regarding the disposal of their property when they die






39. A tax-deferred investment and savings plan that acts as a personal pension fund for employees






40. Protection against future loss






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






42. The economical needs of an individual






43. A delay in enforcing rights or claims or privileges






44. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights






45. Give back (tax return)






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






47. The commercial activity of transporting and selling goods from a producer to a consumer






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






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






50. The interest rate that a bond issuer will pay to a bondholder