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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. The time interval between the deposit of a check in a bank and its payment
Exchange-Traded Funds
Stockholders' Equity
Float
Allocation
2. Give back (tax return)
Asset Allocation
Return
Liability
Deductible
3. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Insolvent
Savings Register
Stocks
Total Assets
4. The amount accruing to the corporations owners
5. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Zero-Coupon Bond
Interest
Loan
Time value of money
6. Grant use or occupation of under a term of contract
Scarcity
Personal Budget
Stock Table
Rent
7. The shares available to sell/buy
Debt Consolidation
Shares Outstanding
Securities
Index Fund
8. A delay in enforcing rights or claims or privileges
Statement of Cash Flows
Consequence
Insolvent
Forbearance
9. Income before taxes
Gross Income
Face Value
Stock Table
Probate
10. An automatic loan made to you if you write a check for more money than you have in your account
Overdraft protection
dividends
Insurance
Insolvent
11. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Bankruptcy
Probate
Exemption
Property Rights
12. The commercial activity of transporting and selling goods from a producer to a consumer
Fixed-Rate Loan
Deduction
Phishing
Distribution
13. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
Asset Allocation
Billing Statement
Installment Loan
Transfer Payments
14. Compute credits and debits of an account
Profit
EDGAR
Balance
Financial Goals
15. Production of a certain amount
Resources
Yield
Bonds
Time value of money
16. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Decison-making
Secured Debt
Wage
Certificates of Deposit
17. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail
I-9
Loan Shark
Mortage
Phishing
18. The right to take another's property if an obligation is not discharged
Mutual Funds
1040 tax form
Lien
Shares Outstanding
19. A financial statement that gives operating results for a specific period
Personal Budget
Face Value
Trade-off
Income Statement
20. Income before taxes
Interest Rate
Gross Income
APR
Loan Shark
21. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Foreclosure
Trade-off
Deduction
Collectibles
22. The act of taking out money or other capital
Values
Property Rights
Withdrawal
On-Boarding
23. Diagnosis Codes (in CCB Popup if more then 5 codes)
Personal Allowances
Distribution
Probate
I-9
24. Maintain by writing regular records
Zero-Coupon Bond
Maintain
Bankruptcy
Cash
25. A debt not backed by specific property to satisfy the indebtedness in case of default.
Savings Account
Asset Allocation
W-4
Unsecured Debt
26. An obligation to pay money to another party
Annual Report
Liability
Compound Interest
Line of Credit
27. A general and progressive increase in prices
Deduction
Estate Planning
Inflation
Annual Report
28. Anything that is used to produce goods or services
Bank Statement
Resources
Par Value
EFT
29. Things that incite or spur to action; rewards or reasons for performing a task.
Index Fund
Incentives
EFT
APR
30. The money paid for employee services
Interest
Foreclosure
Rent
Salary
31. A bank account that accumulates interest
Coupon Rate
Exchange-Traded Funds
Savings Account
EDGAR
32. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time
Vesting
Financial Institution
Insurance
Profit
33. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Float
Liability
Issuer
Probate
34. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time
Vesting
Good Faith
Mortage
Beneficiary
35. Payment for insurance
Asset Allocation
Personal Budget
Vesting
Premium
36. The interest rate that a bond issuer will pay to a bondholder
Coupon Rate
Exemptions
Preferred Stock
Probate
37. A fixed charge for borrowing money
Payday Loan
Bond Rating
Interest
Transaction Fee
38. A penalty for making a payment after the due date
Late Fee
Expenses
Par Value
EDGAR
39. Profits paid to investors
Installment Loan
Expenses
dividends
Annual Report
40. A bond with zero discounts
Zero-Coupon Bond
Scarcity
Wealth Management
Installment Loan
41. Business organizations that accommodate the buying and selling of securities.
Stock Exchanges
Indirect Car Loan
Debt Consolidation
Insolvent
42. 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.
W-4
Scarcity
Stockholders' Equity
Income Statement
43. Shares of ownership in a company
Cannibalizing assets
Present Value
Yield
Stocks
44. Immunity from a general burden - tax or charge; in bankruptcy or judgment executions - that portion of the debtor's property that cannot be liquidiated and applied to her debts
W-4
Return
Mortage
Exemptions
45. 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.
Transfer Payments
Mutual Funds
Opportunity Cost
Deductible
46. Financial reports that summarize the financial condition and operations of a business
Interest Rate
Identity Theft
Financial Statements
Index Fund
47. Someone who has insufficient assets to cover their debts
Allocation
Credit
Insolvent
Annual Fee
48. Interest calculated on both the principal and the accrued interest
Liability
Deductible
Compound Interest
Secured Debt
49. Concern for ones own well being and advantages
Self-Interest
Distribution
Adjustable-Rate Loan
Direct Car Loan
50. A regular payment to a person that iis intended to allow them to subsist without working
Opportunity Cost
Pension
Time value of money
Billing Statement