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. Is your gross income after certain reductions have been made






2. A specific plan for spending your income






3. The process of making a decision - usually complex






4. Arrangement for deferred payment for goods and services






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






6. An automatic loan made to you if you write a check for more money than you have in your account






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






8. The recipient of funds or other benefits






9. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)






10. The standard IRS form for individual tax returns.






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






12. The money paid for employee services






13. An institution that issues something (securities or publications or currency etc.)






14. Loan where the lender goes through the borrower






15. Payment for insurance






16. A loan in which the rate can be altered to adjust to economical need






17. This stands for annual percentage rate - which is a number calculated by taking into account the total cost of the loan - including what the borrower will pay in interest; this makes it easier to compare different loan offers






18. 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






19. Can be found in a newspaper and shows information about popular stocks.






20. Give back (tax return)






21. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group






22. Something that is made open or revealed






23. The amount accruing to the corporations owners

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24. The amount accruing to the corporations owners

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25. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.






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






27. 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.






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






29. A loan where the payment is acheived through interest






30. A bank account that accumulates interest






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






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






33. A yearly statement of the financial condition - progress - and expectations of an organization






34. Money paid to a worker






35. A fixed charge for borrowing money






36. The apparent worth as opposed to the real worth






37. Profits paid to investors






38. Grant use or occupation of under a term of contract






39. Concern for ones own well being and advantages






40. Funds that pay part of their distributions out of principal cannibalize their assets. This depletes the fund's asset base. Funds cannibalize assets to maintain a dividend and keep shareholders happy. However - like feeding a cow its own milk - this p






41. Preparing a plan for transferring property during one's lifetime and at one's death






42. Production of a certain amount






43. The outcome of an event especially as relative to an individual






44. Receiving money for loaning money






45. Total assets minus total liabilities






46. Concern for ones own well being and advantages






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






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






49. Compute credits and debits of an account






50. The extent to which something is covered