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. A loan where the payment is acheived through interest






2. A share set aside for a specific purpose






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






4. The commercial activity of transporting and selling goods from a producer to a consumer






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






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






7. The amount of tax owed






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






9. Payment for insurance






10. 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






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






12. 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.






13. A long-term loan extended to someone who buys property






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






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






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






17. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy






18. Income before taxes






19. A payment given as a guarantee that an obligation will be met






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






21. Limited quantities of resources to meet unlimited wants






22. Concern for ones own well being and advantages






23. 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






24. The economical needs of an individual






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






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






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






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






29. Business organizations that accommodate the buying and selling of securities.






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






31. The standard IRS form for individual tax returns.






32. 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






33. The period covered by a salary payment






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






35. A venture undertaken without regard to possible loss or injury






36. A specific plan for spending your income






37. Arrangement for deferred payment for goods and services






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






39. Having honest intentions






40. An act of economizing






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






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






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






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






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






46. Profits paid to investors






47. 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.






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






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






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