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






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






3. Simplified IRS tax form which some individuals can file instead of the 1040 form.






4. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)






5. By planning ahead you can ensure financial stability during your retirement.






6. Bring into consonance or accord - to agree on terms






7. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt






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






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






10. The period covered by a salary payment






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






12. The time interval between the deposit of a check in a bank and its payment






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






14. A fixed charge for borrowing money






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






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






17. A share set aside for a specific purpose






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






19. Limited quantities of resources to meet unlimited wants






20. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)






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






22. Someone who has insufficient assets to cover their debts






23. An amount of money given to the borrower for a set period of time. After the set time has passed - the money must be paid back plus the lending fee - called interest. Payments are normally made over a series of months.






24. 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.






25. The money paid for employee services






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






27. An automatic loan made to you if you write a check for more money than you have in your account






28. Place to create a savings account.






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






30. The period covered by a salary payment






31. Funds that are often times traded through a stock exchange (NYSE)






32. Having honest intentions






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






34. 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.






35. An institution that issues something (securities or publications or currency etc.)






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






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






38. Savings account that pays market rate or better interest and allows access to funds without penalty.






39. Receiving money for loaning money






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






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






42. Protection against future loss






43. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money






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






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






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






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






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






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






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