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






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






3. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure






4. The financial gain (earned or unearned) accruing over a given period of time






5. Give back (tax return)






6. The shares available to sell/buy






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






8. 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.






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






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






11. Concern for ones own well being and advantages






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






13. An accounting entry acknowledging sums that are owing






14. The act of committing money or capital to an endeavor (a business - project - real estate - etc.) with the expectation of obtaining an additional income or profit.






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






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






17. Receiving money for loaning money






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






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






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






21. The economical needs of an individual






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






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






24. Items of personal interest to collectors that can increase in value in the future






25. Concern for ones own well being and advantages






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






27. All costs or bills related to the business






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






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






30. Shares of ownership in a company






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






32. All costs or bills related to the business






33. This stands for annual percentage rate - which is a number calculated by taking into account the total cost of the loan - including what the borrower will pay in interest; this makes it easier to compare different loan offers






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






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






36. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements






37. A bank account that accumulates interest






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






39. The process of making a decision - usually complex






40. The money paid for employee services






41. The extent to which something is covered






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






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






44. This stands for annual percentage rate - which is a number calculated by taking into account the total cost of the loan - including what the borrower will pay in interest; this makes it easier to compare different loan offers






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






46. The distribution of investment funds among broad classes of assets.






47. A financial statement that gives operating results for a specific period






48. The recipient of funds or other benefits






49. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights






50. An accounting entry acknowledging income or capital items