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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. An institution that issues something (securities or publications or currency etc.)
Risk
Profit
Living Trust
Issuer
2. A specific plan for spending your income
Income
Phishing
EFT
Personal Budget
3. 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.
Retirement Planning
Coverage
Transfer Payments
Cash
4. 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
Annual Fee
Transaction
Unsecured Debt
Cannibalizing assets
5. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.
EDGAR
Unsecured Debt
Living Trust
Adjusted Gross Income
6. Someone who lends money at excessive rates of interest
Financial Goals
Par Value
Loan Shark
Net Worth
7. Profits paid to investors
Stocks
Common Stock
Deductible
dividends
8. 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
APR
Market Capitalization
Cash
Insurance
9. Profits paid to investors
1040 EZ tax form
Collectibles
Resources
dividends
10. The extent to which something is covered
Expenses
Fixed-Rate Loan
Coverage
Predatory Lending
11. A record of checks written and deposits made in a checking account - kept by the depositor
Salary
Debit
Executor
Checkbook Register
12. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Decison-making
Saving
Preferred Stock
1040 EZ tax form
13. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt
Payday Loan
Debt Consolidation
Face Value
Disclosure
14. The amount accruing to the corporations owners
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15. All costs or bills related to the business
Lending Investments
Resources
Expenses
Unsecured Loan
16. The maximum credit that a customer is allowed
Executor
Line of Credit
Return
SEC Filings
17. Business organizations that accommodate the buying and selling of securities.
EDGAR
Deposit
Saving
Stock Exchanges
18. An amount of money given to the borrower for a set period of time. After the set time has passed - the money must be paid back plus the lending fee - called interest. Payments are normally made over a series of months.
Loan
Deduction
Liability
Adjusted Gross Income
19. The economical needs of an individual
Scarcity
Premium
1040 EZ tax form
Financial Needs
20. A legal document declaring a person's wishes regarding the disposal of their property when they die
Financial Statements
Forbearance
Will
Overdraft protection
21. 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
EDGAR
Saving
Transfer Payments
Cannibalizing assets
22. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Profit
Financial Institution
Incentives
Pay Period
23. A debt not backed by specific property to satisfy the indebtedness in case of default.
Ownership Investments
Unsecured Debt
Balance Sheet
EDGAR
24. 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
Balance
Stock Exchanges
Zero-Coupon Bond
FICA
25. A legal document declaring a person's wishes regarding the disposal of their property when they die
Personal Allowances
Stockholders' Equity
Index Fund
Will
26. An amount of money given to the borrower for a set period of time. After the set time has passed - the money must be paid back plus the lending fee - called interest. Payments are normally made over a series of months.
Loan
Balance Sheet
Par Value
Installment Loan
27. The economical needs of an individual
Overdraft protection
Financial Needs
Income Statement
Market Capitalization
28. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.
Liability
Maturity Date
Payday Loan
Profit
29. Total assets minus total liabilities
Net Worth
Lien
Deduction
Face Value
30. A loan where the payment is acheived through interest
Loan
Interest-Only Loan
Fixed-Rate Loan
Loan Shark
31. Something that is made open or revealed
Resources
Direct Car Loan
Annual Report
Disclosure
32. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Line of Credit
FICA
Total Debt
Collectibles
33. A financial statement that gives operating results for a specific period
dividends
Annual Report
Reconcile
Income Statement
34. 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
Debit
Bankruptcy
Balance Sheet
35. The process of managing one's assets and wealth
Wealth Management
Deduction
Mutual Funds
Expenses
36. A fixed charge for borrowing money
Interest
Investing
Unsecured Loan
Unsecured Debt
37. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.
Interest-Only Loan
I-9
401 K
Deductions
38. Prompt payment for goods or services in currency or by check
Exchange-Traded Funds
Cash
Present Value
Phishing
39. Preparing a plan for transferring property during one's lifetime and at one's death
Expenses
Estate Planning
Line of Credit
Withdrawal
40. Diagnosis Codes (in CCB Popup if more then 5 codes)
I-9
Insurance
Mutual Funds
Incentives
41. The shares available to sell/buy
Shares Outstanding
Deduction
Gross Income
Statement of Cash Flows
42. Preparing a plan for transferring property during one's lifetime and at one's death
Estate Planning
Wage
Personal Allowances
Market Capitalization
43. Production of a certain amount
Asset Allocation
Expenses
Personal Allowances
Yield
44. A debt; something disadvantageous
Cannibalizing assets
Liability
Deductible
Self-Interest
45. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Time value of money
Shares Outstanding
Total Assets
Annual Fee
46. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Gross Income
Deductible
Property Rights
Stock Exchanges
47. A tax-deferred investment and savings plan that acts as a personal pension fund for employees
Resources
Indirect Car Loan
Secured Loan
401 K
48. Income on which tax must be paid; total income minus exemptions and deductions
Indirect Car Loan
Saving
Scarcity
Taxable Income
49. An exchange that occurs as a compromise
Rent
Trade-off
Credit
Lien
50. Loan where the lender goes through the borrower
Profit
Direct Car Loan
Wealth Management
Maturity Date