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. Bring into consonance or accord - to agree on terms






2. A business activity that changes assets - liabilities - or owner's equity






3. Give back (tax return)






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






5. 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






6. The money paid for employee services






7. Income on which tax must be paid; total income minus exemptions and deductions






8. 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






9. Whatever must be given up to obtain some item






10. A bond with zero discounts






11. The value of a security that is set by the company issuing it






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






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






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






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






16. Someone who lends money at excessive rates of interest






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






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






19. Limited quantities of resources to meet unlimited wants






20. Is your gross income after certain reductions have been made






21. A bank account that accumulates interest






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






23. A general and progressive increase in prices






24. A debt; something disadvantageous






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






26. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default






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






28. The apparent worth as opposed to the real worth






29. Loan where the lender goes through the borrower






30. The act of committing money or capital to an endeavor (a business - project - real estate - etc.) with the expectation of obtaining an additional income or profit.






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






32. 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.






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






34. An accounting entry acknowledging income or capital items






35. Stock other than preferred stock






36. 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






37. Can be found in a newspaper and shows information about popular stocks.






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






39. An exchange that occurs as a compromise






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






41. Programs aimed at helping employees integrate - assimilate - and transition to new jobs






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






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






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






45. A delay in enforcing rights or claims or privileges






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






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






48. A loan where the payment is acheived through interest






49. Payment for insurance






50. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid