SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
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. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Financial Institution
APR
Deductions
Insurance
2. A share set aside for a specific purpose
Allocation
Savings Account
EFT
Reconcile
3. The recipient of funds or other benefits
Late Fee
Coverage
Unsecured Loan
Beneficiary
4. Limited quantities of resources to meet unlimited wants
Financial Institution
Scarcity
Balance
Income Statement
5. The act of lending money at an exorbitant rate of interest
Float
Cannibalizing assets
Usury
Transaction Fee
6. The commercial activity of transporting and selling goods from a producer to a consumer
Trade-off
Distribution
Liability
On-Boarding
7. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
Inflation
Values
Financial Needs
Property Rights
8. Having honest intentions
Good Faith
Decison-making
Direct Car Loan
Securities
9. An accounting entry acknowledging income or capital items
Income Statement
Wage
Usury
Credit
10. 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
Net Income
Loan
Trade-off
FICA
11. The commercial activity of transporting and selling goods from a producer to a consumer
Installment Loan
Unsecured Debt
Distribution
Usury
12. Money paid to a worker
Net Worth
Distribution
Wage
Pay Period
13. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.
SEC Filings
Collectibles
Coupon Rate
Present Value
14. The amount of money you would need to deposit now in order to attain a desired amount in the future
Foreclosure
Present Value
Par Value
Opportunity Cost
15. Financial organization that pools people's money and invests it
Mutual Funds
Face Value
Securities
Deposit
16. The process of managing one's assets and wealth
Usury
Wealth Management
Cash
Float
17. 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.
Ownership Investments
Secured Debt
Retirement Planning
Salary
18. Interest calculated on both the principal and the accrued interest
Present Value
Compound Interest
Interest-Only Loan
Credit
19. A loan backed by something valuable - such as property
Secured Loan
Transaction Fee
Zero-Coupon Bond
Premium
20. Profits paid to investors
Wage
Credit
dividends
W-4
21. Prompt payment for goods or services in currency or by check
Stock Symbol
Cash
Overdraft protection
Beneficiary
22. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Incentives
Usury
Total Debt
Income
23. Whatever must be given up to obtain some item
Foreclosure
Opportunity Cost
Billing Statement
Stock Exchanges
24. 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
Phishing
Money Market Accounts
Stockholders' Equity
25. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Statement of Cash Flows
Preferred Stock
Zero-Coupon Bond
Line of Credit
26. Funds that are often times traded through a stock exchange (NYSE)
Bank Statement
Withdrawal
Exchange-Traded Funds
Bankruptcy
27. Shares of ownership in a company
Stocks
Expenses
Credit
dividends
28. A debt; something disadvantageous
Predatory Lending
Net Income
Liability
Line of Credit
29. All costs or bills related to the business
Yield
Money Market Accounts
Expenses
Balance
30. Income on which tax must be paid; total income minus exemptions and deductions
Loan
Maturity Date
Taxable Income
Will
31. Is your gross income after certain reductions have been made
Index Fund
Issuer
Adjusted Gross Income
Installment Loan
32. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Deduction
Total Assets
Probate
Zero-Coupon Bond
33. A payment given as a guarantee that an obligation will be met
Adjusted Gross Income
Deposit
401 K
Annual Report
34. A periodic statement prepared by a bank for each client
Allocation
Allocation
Return
Bank Statement
35. A fixed charge for borrowing money
Interest Rate
Inflation
Compound Interest
Interest
36. An accounting entry acknowledging sums that are owing
Decison-making
Resources
Zero-Coupon Bond
Debit
37. Bring into consonance or accord - to agree on terms
Withdrawal
Reconcile
Balance Sheet
Yield
38. An automatic loan made to you if you write a check for more money than you have in your account
Financial Needs
Pension
Time value of money
Overdraft protection
39. Maintain by writing regular records
Money Market Accounts
Maintain
Deduction
Late Fee
40. Something of value; a resource; an advantage
Fixed-Rate Loan
Asset
Mutual Funds
Transaction
41. The act of reducing the selling price of merchandise
Adjusted Gross Income
Will
Deduction
Unsecured Loan
42. Prompt payment for goods or services in currency or by check
Cash
Wage
Good Faith
1040 EZ tax form
43. Savings account that pays market rate or better interest and allows access to funds without penalty.
Adjusted Gross Income
Debt Consolidation
Money Market Accounts
Annual Fee
44. Income before taxes
Bonds
Unsecured Debt
Transaction Fee
Gross Income
45. Income before taxes
Gross Income
Present Value
Annual Report
Bonds
46. An extra charge for various credit activities such as using an ATM or receiving a cash advance
Transaction Fee
Nonprofit Organization
Indirect Car Loan
Credit
47. 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
Wage
Opportunity Cost
FICA
Nonprofit Organization
48. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
1040 tax form
Usury
Living Trust
Billing Statement
49. Compute credits and debits of an account
Bank Statement
401 K
Balance
Asset
50. Diagnosis Codes (in CCB Popup if more then 5 codes)
Maturity Date
Coverage
Identity Theft
I-9