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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. 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
Interest Rate
Exemptions
Financial Needs
Liability
2. An accounting entry acknowledging sums that are owing
Personal Allowances
Face Value
Liability
Debit
3. Concern for ones own well being and advantages
Self-Interest
Lending Investments
Securities
Par Value
4. A penalty for making a payment after the due date
Personal Budget
Certificates of Deposit
Late Fee
Financial Institution
5. An extra charge for various credit activities such as using an ATM or receiving a cash advance
Bonds
Transaction Fee
Identity Theft
Float
6. 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.
Transfer Payments
Vesting
Net Income
Beneficiary
7. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
Retirement Planning
Bonds
Billing Statement
Insolvent
8. Arrangement for deferred payment for goods and services
Rent
Credit
Wage
Income Statement
9. The shares available to sell/buy
Shares Outstanding
Billing Statement
Certificates of Deposit
Expenses
10. Short-term and Long-term objectives that are driven by values.
Financial Goals
SEC Filings
Exchange-Traded Funds
Yield
11. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Stock Symbol
Deductible
Net Income
Stocks
12. Production of a certain amount
Yield
Transfer Payments
Savings Account
Beneficiary
13. A record of checks written and deposits made in a checking account - kept by the depositor
SEC Filings
Checkbook Register
Balance
Liability
14. An obligation to pay money to another party
Coupon Rate
Liability
Unsecured Loan
Transaction
15. The money paid for employee services
Salary
Opportunity Cost
W-4
Total Assets
16. The commercial activity of transporting and selling goods from a producer to a consumer
Usury
Distribution
Ownership Investments
Reconcile
17. Electronic Funds Transfer
Savings Register
Beneficiary
EFT
Stocks
18. Having honest intentions
Savings Account
Good Faith
Cannibalizing assets
Interest Rate
19. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Taxable Income
Debit
Preferred Stock
Balance
20. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Time value of money
Securities
Present Value
Bank Statement
21. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail
Total Assets
Tax Liability
Phishing
Billing Statement
22. Savings account that pays market rate or better interest and allows access to funds without penalty.
Money Market Accounts
Total Assets
Savings Account
Loan Shark
23. A tax-deferred investment and savings plan that acts as a personal pension fund for employees
Financial Statements
Maturity Date
Preferred Stock
401 K
24. A general and progressive increase in prices
Credit
Inflation
Expenses
Pension
25. The recipient of funds or other benefits
Gross Income
Beneficiary
Property Rights
Common Stock
26. Simplified IRS tax form which some individuals can file instead of the 1040 form.
Net Income
Overdraft protection
1040 EZ tax form
Deposit
27. An accounting entry acknowledging sums that are owing
Tax Liability
1040 tax form
Debit
Bond Rating
28. The time interval between the deposit of a check in a bank and its payment
Float
Maturity Date
Zero-Coupon Bond
Opportunity Cost
29. The outcome of an event especially as relative to an individual
Overdraft protection
Opportunity Cost
Consequence
Collectibles
30. The apparent worth as opposed to the real worth
APR
Balance Sheet
Expenses
Face Value
31. Certificates that represent money the government has borrowed from private citizens
Bonds
Annual Report
Financial Goals
Secured Debt
32. Profits paid to investors
Deductions
401 K
Cannibalizing assets
dividends
33. A record of checks written and deposits made in a checking account - kept by the depositor
Transaction
Stock Symbol
Checkbook Register
Withdrawal
34. A share set aside for a specific purpose
Allocation
Fixed-Rate Loan
Debit
Premium
35. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.
Retirement Planning
Payday Loan
Interest
Market Capitalization
36. By planning ahead you can ensure financial stability during your retirement.
Rent
Mortage
Debt Consolidation
Retirement Planning
37. A yearly statement of the financial condition - progress - and expectations of an organization
Living Trust
Pay Period
Annual Report
Resources
38. The time interval between the deposit of a check in a bank and its payment
Float
Credit
Mutual Funds
Transaction Fee
39. Business organizations that accommodate the buying and selling of securities.
Consequence
Balance
Preferred Stock
Stock Exchanges
40. Something that is made open or revealed
Disclosure
Incentives
Adjustable-Rate Loan
Zero-Coupon Bond
41. 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.
Secured Debt
Mutual Funds
I-9
Yield
42. A yearly statement of the financial condition - progress - and expectations of an organization
Annual Report
Shares Outstanding
EFT
Adjustable-Rate Loan
43. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.
Direct Car Loan
Withdrawal
Deductions
Mortage
44. A loan where the payment is acheived through interest
Late Fee
Interest-Only Loan
Maturity Date
Inflation
45. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Savings Register
Insurance
Financial Institution
Preferred Stock
46. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
Interest Rate
Stockholders' Equity
On-Boarding
Mutual Funds
47. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Usury
Identity Theft
Total Assets
Fixed-Rate Loan
48. A loan backed by something valuable - such as property
Secured Loan
Values
dividends
Yield
49. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Adjusted Gross Income
Indirect Car Loan
Bankruptcy
Loan Shark
50. An amount that credit card companies can charge for the use of a credit card.
Risk
Annual Fee
Time value of money
Coverage