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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. 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






3. Income before taxes






4. A delay in enforcing rights or claims or privileges






5. A tax-deferred investment and savings plan that acts as a personal pension fund for employees






6. Compute credits and debits of an account






7. A general and progressive increase in prices






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






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






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






11. 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.






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






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






14. A bond with zero discounts






15. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.






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






17. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.






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






19. Maintain by writing regular records






20. An act of economizing






21. Any of a number of fraudulent - deceptive - discriminatory - or unfavorable lending practices. Many of these practices are illegal - while others are legal but not in the best interest of the borrowers.






22. 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






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






24. Give back (tax return)






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






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






27. A debt; something disadvantageous






28. A debt not backed by specific property to satisfy the indebtedness in case of default.






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






30. 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.






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






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






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






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






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






36. Production of a certain amount






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






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






39. A person appointed by a testator to carry out the terms of the will






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






41. A debt; something disadvantageous






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






43. The apparent worth as opposed to the real worth






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






45. All costs or bills related to the business






46. The period covered by a salary payment






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






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






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






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






Can you answer 50 questions in 15 minutes?



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