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. 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.






2. The process of making a decision - usually complex






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






4. Compute credits and debits of an account






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






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






7. The act of taking out money or other capital






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






9. Arrangement for deferred payment for goods and services






10. A delay in enforcing rights or claims or privileges






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






12. Maintain by writing regular records






13. Institution that functions much like a business - but does not operate for the purpose of generating profits






14. The interest rate that a bond issuer will pay to a bondholder






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






16. Someone who lends money at excessive rates of interest






17. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)






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






19. An exchange that occurs as a compromise






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






21. A tax-deferred investment and savings plan that acts as a personal pension fund for employees






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






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






24. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company






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






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






27. The act of reducing the selling price of merchandise






28. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.






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






30. Production of a certain amount






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






32. The time interval between the deposit of a check in a bank and its payment






33. This stands for annual percentage rate - which is a number calculated by taking into account the total cost of the loan - including what the borrower will pay in interest; this makes it easier to compare different loan offers






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






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






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






37. Something that is made open or revealed






38. A specific plan for spending your income






39. Arrangement for deferred payment for goods and services






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






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






42. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights






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






44. 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






45. The co-option of another person's personal information (e.g. - name - social security number - credit card number - passport) without that person's knowledge and the fraudulent use of such knowledge






46. An obligation to pay money to another party






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






48. The money paid for employee services






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






50. A fixed charge for borrowing money