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






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






3. Beliefs of a person or social group in which they have an emotional investment (either for or against something)






4. Financial organization that pools people's money and invests it






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






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






7. Business organizations that accommodate the buying and selling of securities.






8. 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






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






10. 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






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






12. Whatever must be given up to obtain some item






13. Things that incite or spur to action; rewards or reasons for performing a task.






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






15. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time






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






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






18. 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






19. Short-term and Long-term objectives that are driven by values.






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






21. An extra charge for various credit activities such as using an ATM or receiving a cash advance






22. A legal document declaring a person's wishes regarding the disposal of their property when they die






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






24. The recipient of funds or other benefits






25. 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






26. Concern for ones own well being and advantages






27. Electronic Funds Transfer






28. 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






29. Someone who has insufficient assets to cover their debts






30. Profits paid to investors






31. All costs or bills related to the business






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






33. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index






34. A record of checks written and deposits made in a checking account - kept by the depositor






35. An evaluation by a rating company of the probability that a particular bond issue will default






36. An evaluation by a rating company of the probability that a particular bond issue will default






37. The process of managing one's assets and wealth






38. The distribution of investment funds among broad classes of assets.






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






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






41. The economical needs of an individual






42. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure






43. Loan with equal number of payments of the same amount over a fixed period of time.






44. Programs aimed at helping employees integrate - assimilate - and transition to new jobs






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






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






47. Financial organization that pools people's money and invests it






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






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






50. The money(usually a set amount) given to an individual to spend







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