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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 act of taking out money or other capital
Distribution
Face Value
Withdrawal
Allocation
2. The financial gain (earned or unearned) accruing over a given period of time
Income
Opportunity Cost
Savings Register
Financial Goals
3. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Financial Institution
Total Assets
Incentives
Disclosure
4. Having honest intentions
Good Faith
Bond Rating
I-9
Total Assets
5. Things that incite or spur to action; rewards or reasons for performing a task.
Incentives
Withdrawal
Profit
Financial Institution
6. An exchange that occurs as a compromise
Market Capitalization
Balance
Wealth Management
Trade-off
7. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.
SEC Filings
Predatory Lending
Retirement Planning
W-4
8. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Insolvent
Financial Institution
dividends
Profit
9. Making money for owning something
Bonds
Ownership Investments
Financial Goals
Deductible
10. Savings account that pays market rate or better interest and allows access to funds without penalty.
Taxable Income
Withdrawal
Financial Institution
Money Market Accounts
11. Preparing a plan for transferring property during one's lifetime and at one's death
dividends
I-9
Estate Planning
Exemption
12. Limited quantities of resources to meet unlimited wants
Opportunity Cost
Financial Needs
Scarcity
Bond Rating
13. Stock other than preferred stock
Adjusted Gross Income
Direct Car Loan
Annual Fee
Common Stock
14. 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.
Late Fee
Secured Debt
Stock Table
Trade-off
15. 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.
Debt Consolidation
W-4
Interest
Transfer Payments
16. The financial gain (earned or unearned) accruing over a given period of time
Income
Line of Credit
Present Value
Liability
17. The money paid for employee services
Salary
Wage
Debt Consolidation
Vesting
18. A legal document declaring a person's wishes regarding the disposal of their property when they die
Incentives
Will
Interest-Only Loan
Interest Rate
19. Grant use or occupation of under a term of contract
Rent
Balance
Vesting
Loan Shark
20. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Total Assets
Ownership Investments
Adjustable-Rate Loan
Maturity Date
21. A specific plan for spending your income
Financial Statements
Liability
Personal Budget
Predatory Lending
22. Can be found in a newspaper and shows information about popular stocks.
Total Assets
Issuer
Stock Table
Liability
23. Profits paid to investors
dividends
Property Rights
Pension
Checkbook Register
24. Maintain by writing regular records
Annual Fee
Maintain
Yield
Float
25. Business organizations that accommodate the buying and selling of securities.
Personal Allowances
Retirement Planning
Stock Exchanges
Fixed-Rate Loan
26. A regular payment to a person that iis intended to allow them to subsist without working
Late Fee
Pension
Retirement Planning
dividends
27. The time interval between the deposit of a check in a bank and its payment
EDGAR
Float
W-4
Preferred Stock
28. Having honest intentions
Opportunity Cost
Good Faith
Nonprofit Organization
I-9
29. An obligation to pay money to another party
Liability
Living Trust
Interest-Only Loan
Line of Credit
30. The fee - expressed as a percentage - a borrower owes for the use of a creditor's money. At an interest rate of 10% - a borrower would pay $110 for $100 borrowed.
Financial Institution
Unsecured Loan
Interest Rate
Shares Outstanding
31. All costs or bills related to the business
Debit
Shares Outstanding
Expenses
Reconcile
32. An exchange that occurs as a compromise
Ownership Investments
Expenses
Net Income
Trade-off
33. A general and progressive increase in prices
Statement of Cash Flows
Balance
Inflation
Installment Loan
34. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt
Decison-making
Debt Consolidation
Asset Allocation
Maintain
35. Loan where the lender goes through the borrower
I-9
Direct Car Loan
Salary
Installment Loan
36. The act of lending money at an exorbitant rate of interest
Usury
SEC Filings
Stockholders' Equity
Mutual Funds
37. An evaluation by a rating company of the probability that a particular bond issue will default
Expenses
On-Boarding
Pension
Bond Rating
38. Is your gross income after certain reductions have been made
Credit
Adjusted Gross Income
Interest Rate
Debit
39. The outcome of an event especially as relative to an individual
Balance
Consequence
FICA
Trade-off
40. Money paid to a worker
Will
Estate Planning
Wage
Secured Debt
41. An amount that credit card companies can charge for the use of a credit card.
Coverage
Checkbook Register
Personal Allowances
Annual Fee
42. The amount accruing to the corporations owners
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43. The process of managing one's assets and wealth
Wealth Management
Indirect Car Loan
Estate Planning
Total Debt
44. By planning ahead you can ensure financial stability during your retirement.
Balance
Phishing
Retirement Planning
Gross Income
45. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Deduction
Debt Consolidation
Time value of money
Interest-Only Loan
46. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.
Retirement Planning
Balance
Living Trust
Compound Interest
47. The act of reducing the selling price of merchandise
Total Debt
Disclosure
Reconcile
Deduction
48. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Annual Fee
Values
dividends
Securities
49. The recipient of funds or other benefits
Lien
Beneficiary
APR
Compound Interest
50. Any of a number of fraudulent - deceptive - discriminatory - or unfavorable lending practices. Many of these practices are illegal - while others are legal but not in the best interest of the borrowers.
On-Boarding
Opportunity Cost
Personal Allowances
Predatory Lending