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. An estimation of the value of a business that is obtained by multiplying the number of shares outstanding by the current price of a share






2. Someone who lends money at excessive rates of interest






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






4. Cash payments made by the government to people who do not supply goods - services - or labor in exchange for these payments. They include Social Security benefits - veterans' benefits - and welfare payments.






5. Place to create a savings account.






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






7. A specific plan for spending your income






8. Money paid to a worker






9. The money paid for employee services






10. 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






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 percentage of a sum of money charged for its use






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






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






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






16. All costs or bills related to the business






17. 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.






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






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






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






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






22. Income before taxes






23. The outcome of an event especially as relative to an individual






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






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






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






27. The amount accruing to the corporations owners

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






29. 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






30. Stock other than preferred stock






31. An act of economizing






32. A loan where the payment is acheived through interest






33. Money paid to a worker






34. The process of making a decision - usually complex






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






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






38. Protection against future loss






39. Give back (tax return)






40. The process of making a decision - usually complex






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






42. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month






43. Receiving money for loaning money






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






45. Someone who has insufficient assets to cover their debts






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






47. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received






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






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






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