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. A periodic statement prepared by a bank for each client






2. The amount of tax owed






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






4. A loan that is paid off in a fixed rate over a period of time






5. Loan where the lender goes through the borrower






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






7. A share set aside for a specific purpose






8. A delay in enforcing rights or claims or privileges






9. Something of value; a resource; an advantage






10. A financial statement that gives operating results for a specific period






11. An obligation to pay money to another party






12. A delay in enforcing rights or claims or privileges






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






14. A bank account that accumulates interest






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






16. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt






17. 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






18. A fixed charge for borrowing money






19. An exchange that occurs as a compromise






20. The period covered by a salary payment






21. 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






22. The amount accruing to the corporations owners

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23. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets






24. Someone who has insufficient assets to cover their debts






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






26. The fee - expressed as a percentage - a borrower owes for the use of a creditor's money. At an interest rate of 10% - a borrower would pay $110 for $100 borrowed.






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






29. 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






30. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail






31. Compute credits and debits of an account






32. Institution that functions much like a business - but does not operate for the purpose of generating profits






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






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






35. A share set aside for a specific purpose






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






37. The act of taking out money or other capital






38. Savings account that pays market rate or better interest and allows access to funds without penalty.






39. An act of economizing






40. The fee - expressed as a percentage - a borrower owes for the use of a creditor's money. At an interest rate of 10% - a borrower would pay $110 for $100 borrowed.






41. Savings account that pays market rate or better interest and allows access to funds without penalty.






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






43. 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.






44. The percentage of a sum of money charged for its use






45. Electronic Data Gathering Analysis and Retrieval - the electronic system used by the SEC to enable investors to search electronically for financial reports filed by individual companies






46. The rights of an individual to own - use - rent - invest in - buy - and sell property.






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






48. Someone who lends money at excessive rates of interest






49. A bond with zero discounts






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