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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. Something of value; a resource; an advantage
Tax Liability
Asset
Opportunity Cost
Taxable Income
2. The money paid for employee services
Salary
Ownership Investments
Phishing
Credit
3. A penalty for making a payment after the due date
Certificates of Deposit
Income Statement
Deduction
Late Fee
4. Maintain by writing regular records
Maintain
Annual Report
I-9
On-Boarding
5. The act of lending money at an exorbitant rate of interest
Good Faith
Usury
Risk
Distribution
6. Preparing a plan for transferring property during one's lifetime and at one's death
Coupon Rate
Investing
Asset
Estate Planning
7. The process of making a decision - usually complex
APR
Decison-making
Asset Allocation
Wealth Management
8. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
Forbearance
Values
Transaction Fee
Late Fee
9. A specific plan for spending your income
Phishing
Identity Theft
Loan
Personal Budget
10. 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.
Yield
Preferred Stock
Interest Rate
Transfer Payments
11. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Bankruptcy
Unsecured Debt
SEC Filings
Mutual Funds
12. The amount of tax owed
Tax Liability
Bonds
Bankruptcy
Indirect Car Loan
13. Profits paid to investors
Inflation
Interest Rate
dividends
Wage
14. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.
Interest Rate
Personal Allowances
Living Trust
dividends
15. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received
Foreclosure
Transfer Payments
Net Income
Stock Table
16. Business organizations that accommodate the buying and selling of securities.
Stock Exchanges
Exemption
Personal Allowances
W-4
17. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Phishing
Bankruptcy
Insolvent
Deductible
18. Stock other than preferred stock
Common Stock
Balance
Direct Car Loan
Exemption
19. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Annual Report
Cash
Securities
Good Faith
20. A delay in enforcing rights or claims or privileges
Forbearance
APR
Zero-Coupon Bond
Living Trust
21. The maximum credit that a customer is allowed
Bonds
Bond Rating
Cash
Line of Credit
22. Business organizations that accommodate the buying and selling of securities.
Reconcile
Stock Exchanges
Interest Rate
Nonprofit Organization
23. Someone who lends money at excessive rates of interest
Index Fund
Adjusted Gross Income
Property Rights
Loan Shark
24. 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
Exemptions
Predatory Lending
Beneficiary
Forbearance
25. Interest calculated on both the principal and the accrued interest
Maturity Date
Compound Interest
Mortage
On-Boarding
26. Bring into consonance or accord - to agree on terms
Reconcile
Common Stock
Values
Trade-off
27. The percentage of a sum of money charged for its use
Incentives
I-9
Insolvent
Interest Rate
28. Loan deal in which the actual lender may not be known to the borrower.
Personal Budget
Money Market Accounts
Financial Goals
Indirect Car Loan
29. Maintain by writing regular records
Adjustable-Rate Loan
Vesting
Income
Maintain
30. By planning ahead you can ensure financial stability during your retirement.
Index Fund
Personal Budget
Billing Statement
Retirement Planning
31. Grant use or occupation of under a term of contract
Personal Allowances
Rent
Forbearance
Allocation
32. Certificates that represent money the government has borrowed from private citizens
Loan
Bonds
Predatory Lending
Inflation
33. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
Payday Loan
On-Boarding
Mutual Funds
Issuer
34. Financial reports that summarize the financial condition and operations of a business
Financial Statements
Stockholders' Equity
Indirect Car Loan
Unsecured Loan
35. Income before taxes
Gross Income
Investing
1040 tax form
1040 tax form
36. An exchange that occurs as a compromise
Trade-off
Cannibalizing assets
Reconcile
Resources
37. Compute credits and debits of an account
Fixed-Rate Loan
Disclosure
Reconcile
Balance
38. The date on which a financial obligation must be repaid
Checkbook Register
Financial Goals
Maturity Date
Fixed-Rate Loan
39. A long-term loan extended to someone who buys property
Mutual Funds
Mortage
Foreclosure
Cannibalizing assets
40. Income before taxes
Net Worth
Disclosure
Gross Income
Annual Fee
41. Place to create a savings account.
Savings Register
Exchange-Traded Funds
Coverage
Probate
42. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Securities
FICA
Stock Exchanges
Income
43. The recipient of funds or other benefits
Collectibles
Beneficiary
Total Assets
Secured Debt
44. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Certificates of Deposit
Ownership Investments
Secured Debt
APR
45. A loan where the payment is acheived through interest
Stock Exchanges
Wealth Management
Interest-Only Loan
Deduction
46. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Transaction Fee
Property Rights
Financial Institution
Distribution
47. Things that incite or spur to action; rewards or reasons for performing a task.
Wealth Management
Consequence
Incentives
Yield
48. A venture undertaken without regard to possible loss or injury
Line of Credit
Risk
Deduction
Maturity Date
49. Funds that are often times traded through a stock exchange (NYSE)
Exchange-Traded Funds
Personal Allowances
Adjustable-Rate Loan
Direct Car Loan
50. Funds that are often times traded through a stock exchange (NYSE)
Bond Rating
Checkbook Register
Nonprofit Organization
Exchange-Traded Funds