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






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






3. Receiving money for loaning money






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






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






6. Receiving money for loaning money






7. Concern for ones own well being and advantages






8. A share set aside for a specific purpose






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






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






11. 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.






12. Money paid to a worker






13. A record of checks written and deposits made in a checking account - kept by the depositor






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






15. An evaluation by a rating company of the probability that a particular bond issue will default






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






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






18. By planning ahead you can ensure financial stability during your retirement.






19. A loan in which the rate can be altered to adjust to economical need






20. All costs or bills related to the business






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






22. A bank account that accumulates interest






23. 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






24. Production of a certain amount






25. A debt; something disadvantageous






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






27. Electronic Funds Transfer






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






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






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






31. Debt backed by a mortgage - pledge of collateral - or other lien; debt for which the creditor has the right to pursue specific pledged property upon default. Examples include home mortgages - auto loans and tax liens.






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






33. Maintain by writing regular records






34. Interest calculated on both the principal and the accrued interest






35. An accounting entry acknowledging sums that are owing






36. The process of making a decision - usually complex






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






38. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.






39. An institution that issues something (securities or publications or currency etc.)






40. An evaluation by a rating company of the probability that a particular bond issue will default






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






42. An accounting entry acknowledging income or capital items






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






44. The amount of tax owed






45. A delay in enforcing rights or claims or privileges






46. The act of reducing the selling price of merchandise






47. An automatic loan made to you if you write a check for more money than you have in your account






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






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






50. Funds that are often times traded through a stock exchange (NYSE)