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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 extent to which something is covered






2. 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






3. A bond with zero discounts






4. An exchange that occurs as a compromise






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






6. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company






7. Payment for insurance






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






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






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






11. Something of value; a resource; an advantage






12. The process of making a decision - usually complex






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






14. Place to create a savings account.






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






16. A fixed charge for borrowing money






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






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






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






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






21. Limited quantities of resources to meet unlimited wants






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






23. The money paid for employee services






24. The act of reducing the selling price of merchandise






25. 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






26. The maximum credit that a customer is allowed






27. Something that is made open or revealed






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






29. The right to take another's property if an obligation is not discharged






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






31. 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






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






33. 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.






34. The amount accruing to the corporations owners

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35. The amount accruing to the corporations owners

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






37. Production of a certain amount






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






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






40. A loan where the payment is acheived through interest






41. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid






42. The act of taking out money or other capital






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






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






45. An accounting entry acknowledging sums that are owing






46. Receiving money for loaning money






47. Stock other than preferred stock






48. A loan where the payment is acheived through interest






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






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







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Can you answer 50 questions in 15 minutes?


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