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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 act of taking out money or other capital






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






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






4. Financial organization that pools people's money and invests it






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






6. Place to create a savings account.






7. An obligation to pay money to another party






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






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






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






11. Maintain by writing regular records






12. An exchange that occurs as a compromise






13. Compute credits and debits of an account






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






15. 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.






16. A general and progressive increase in prices






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






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






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






20. Whatever must be given up to obtain some item






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






22. Someone who lends money at excessive rates of interest






23. Protection against future loss






24. The act of lending money at an exorbitant rate of interest






25. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail






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






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






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






29. Someone who lends money at excessive rates of interest






30. Money paid to a worker






31. The rights of an individual to own - use - rent - invest in - buy - and sell property.






32. Grant use or occupation of under a term of contract






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






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






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






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






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






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






39. Income before taxes






40. Short-term and Long-term objectives that are driven by values.






41. 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






42. A regular payment to a person that iis intended to allow them to subsist without working






43. Something that is made open or revealed






44. Financial organization that pools people's money and invests it






45. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.






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






47. The maximum credit that a customer is allowed






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






49. An amount that credit card companies can charge for the use of a credit card.






50. 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







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