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. A loan that is paid off in a fixed rate over a period of time






2. Income before taxes






3. The recipient of funds or other benefits






4. An estimation of the value of a business that is obtained by multiplying the number of shares outstanding by the current price of a share






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






6. Financial reports that summarize the financial condition and operations of a business






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






8. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount






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






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






11. Someone who has insufficient assets to cover their debts






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






13. The apparent worth as opposed to the real worth






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






15. The date on which a financial obligation must be repaid






16. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets






17. Receiving money for loaning money






18. Things that incite or spur to action; rewards or reasons for performing a task.






19. A fixed charge for borrowing money






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






21. Things that incite or spur to action; rewards or reasons for performing a task.






22. Electronic Funds Transfer






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






24. The money paid for employee services






25. Having honest intentions






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






27. A fixed charge for borrowing money






28. An accounting entry acknowledging sums that are owing






29. A specific plan for spending your income






30. Receiving money for loaning money






31. An accounting entry acknowledging sums that are owing






32. A share set aside for a specific purpose






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






34. All costs or bills related to the business






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






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






37. Bring into consonance or accord - to agree on terms






38. An estimation of the value of a business that is obtained by multiplying the number of shares outstanding by the current price of a share






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






40. Loan where the lender goes through the borrower






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






42. Arrangement for deferred payment for goods and services






43. Beliefs of a person or social group in which they have an emotional investment (either for or against something)






44. The act of reducing the selling price of merchandise






45. Loan deal in which the actual lender may not be known to the borrower.






46. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time






47. A payment given as a guarantee that an obligation will be met






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






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






50. The period covered by a salary payment