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. The withholding form each new employee fills out - stating the number of exemptions. the more exemptions listed - the less withholding tax will be taken from the paycheck.






2. The act of reducing the selling price of merchandise






3. Diagnosis Codes (in CCB Popup if more then 5 codes)






4. A bank account that accumulates interest






5. The extent to which something is covered






6. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation






7. Loan where the lender goes through the borrower






8. Receiving money for loaning money






9. The apparent worth as opposed to the real worth






10. Concern for ones own well being and advantages






11. A periodic statement prepared by a bank for each client






12. Arrangement for deferred payment for goods and services






13. The value of a security that is set by the company issuing it






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






15. The amount of money you would need to deposit now in order to attain a desired amount in the future






16. The amount of money you would need to deposit now in order to attain a desired amount in the future






17. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default






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






19. Loan where the lender goes through the borrower






20. The period covered by a salary payment






21. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.






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






23. A share set aside for a specific purpose






24. The maximum credit that a customer is allowed






25. A penalty for making a payment after the due date






26. A bond with zero discounts






27. The date on which a financial obligation must be repaid






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






29. An act of economizing






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






31. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.






32. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.






33. The extent to which something is covered






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






35. A periodic statement prepared by a bank for each client






36. 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






37. Money paid to a worker






38. A loan backed by something valuable - such as property






39. The apparent worth as opposed to the real worth






40. A business activity that changes assets - liabilities - or owner's equity






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






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






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






44. Certificates that represent money the government has borrowed from private citizens






45. Prompt payment for goods or services in currency or by check






46. Maintain by writing regular records






47. The amount accruing to the corporations owners

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






49. Total assets minus total liabilities






50. Prompt payment for goods or services in currency or by check