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Test your basic knowledge |
Wealth Management
Start Test
Study First
Subjects
:
personal-finance
,
business-skills
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. Receiving money for loaning money
Interest Rate
Income
Deposit
Lending Investments
2. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Certificates of Deposit
Bonds
Will
Exemption
3. The standard IRS form for individual tax returns.
Bond Rating
Tax Liability
1040 tax form
Balance Sheet
4. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
Unsecured Debt
Mutual Funds
On-Boarding
Disclosure
5. An institution that issues something (securities or publications or currency etc.)
Exchange-Traded Funds
Cannibalizing assets
Liability
Issuer
6. By planning ahead you can ensure financial stability during your retirement.
Preferred Stock
Liability
Face Value
Retirement Planning
7. A debt not backed by specific property to satisfy the indebtedness in case of default.
Unsecured Debt
Nonprofit Organization
Income
Executor
8. A business activity that changes assets - liabilities - or owner's equity
Transaction
Interest Rate
Wage
Bond Rating
9. Protection against future loss
Insurance
Compound Interest
Common Stock
Deductions
10. Maintain by writing regular records
Market Capitalization
Maintain
Bonds
Money Market Accounts
11. Making money for owning something
Mortage
Beneficiary
Ownership Investments
I-9
12. 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
EDGAR
401 K
Mutual Funds
Par Value
13. Income on which tax must be paid; total income minus exemptions and deductions
Annual Report
Indirect Car Loan
Taxable Income
Financial Statements
14. Financial organization that pools people's money and invests it
Mutual Funds
Deduction
Saving
dividends
15. Something of value; a resource; an advantage
Billing Statement
Asset
Debit
Reconcile
16. The money paid for employee services
Asset
Salary
Issuer
Total Debt
17. Having honest intentions
Checkbook Register
Good Faith
Secured Loan
Personal Allowances
18. 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.
Maturity Date
Stock Table
1040 tax form
Transfer Payments
19. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received
Bond Rating
Stock Table
Net Income
Pay Period
20. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail
Resources
Net Income
Phishing
Resources
21. Loan where the lender goes through the borrower
Secured Debt
Opportunity Cost
Certificates of Deposit
Direct Car Loan
22. Someone who lends money at excessive rates of interest
Insolvent
Vesting
401 K
Loan Shark
23. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Scarcity
Total Assets
Income Statement
Loan Shark
24. By planning ahead you can ensure financial stability during your retirement.
Inflation
Mutual Funds
Credit
Retirement Planning
25. 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.
Retirement Planning
Interest Rate
Balance
Premium
26. An accounting entry acknowledging sums that are owing
Annual Fee
Identity Theft
Zero-Coupon Bond
Debit
27. The withholding form each new employee fills out - stating the number of exemptions. the more exemptions listed - the less withholding tax will be taken from the paycheck.
Savings Account
Annual Report
Deduction
W-4
28. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.
Compound Interest
Financial Needs
Lending Investments
Statement of Cash Flows
29. Savings account that pays market rate or better interest and allows access to funds without penalty.
Bankruptcy
Money Market Accounts
Taxable Income
Stock Symbol
30. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.
Property Rights
SEC Filings
Consequence
Profit
31. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail
Good Faith
Phishing
Taxable Income
Loan
32. Shares of ownership in a company
Face Value
W-4
Will
Stocks
33. Interest calculated on both the principal and the accrued interest
Pension
Compound Interest
Debit
SEC Filings
34. The amount accruing to the corporations owners
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35. The date on which a financial obligation must be repaid
Beneficiary
Maturity Date
Mutual Funds
Statement of Cash Flows
36. The value of a security that is set by the company issuing it
Balance Sheet
Installment Loan
Living Trust
Par Value
37. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Face Value
Living Trust
Line of Credit
Bankruptcy
38. Making money for owning something
Stock Table
Ownership Investments
Deposit
Cannibalizing assets
39. Someone who has insufficient assets to cover their debts
Foreclosure
Executor
Insolvent
Income
40. A fixed charge for borrowing money
Ownership Investments
Interest
Line of Credit
Unsecured Loan
41. An act of economizing
Financial Institution
Bond Rating
Withdrawal
Saving
42. Items of personal interest to collectors that can increase in value in the future
Self-Interest
Collectibles
Allocation
Exchange-Traded Funds
43. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Securities
Saving
Cash
Interest Rate
44. Bring into consonance or accord - to agree on terms
Financial Needs
Deduction
Reconcile
Risk
45. Funds that are often times traded through a stock exchange (NYSE)
Market Capitalization
Exchange-Traded Funds
Decison-making
Deductions
46. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
Billing Statement
Payday Loan
Annual Report
Stock Symbol
47. Give back (tax return)
Consequence
Secured Loan
Return
Income
48. Profits paid to investors
Stock Symbol
Line of Credit
dividends
Savings Register
49. 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
Consequence
Distribution
Unsecured Loan
FICA
50. A loan that is paid off in a fixed rate over a period of time
Fixed-Rate Loan
Bank Statement
Market Capitalization
I-9