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. Money paid to a worker






2. 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.






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






4. Limited quantities of resources to meet unlimited wants






5. 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






6. 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.






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






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






9. Anything that is used to produce goods or services






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






11. The money(usually a set amount) given to an individual to spend






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






13. Total assets minus total liabilities






14. Stock other than preferred stock






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






16. Something of value; a resource; an advantage






17. The rights of an individual to own - use - rent - invest in - buy - and sell property.






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






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






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






21. A bond with zero discounts






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






23. The shares available to sell/buy






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






25. The economical needs of an individual






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






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






28. 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.






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






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






31. 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.






32. Cash payments made by the government to people who do not supply goods - services - or labor in exchange for these payments. They include Social Security benefits - veterans' benefits - and welfare payments.






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






34. Place to create a savings account.






35. A general and progressive increase in prices






36. A financial statement that gives operating results for a specific period






37. Total assets minus total liabilities






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






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






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






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






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






43. The period covered by a salary payment






44. A fixed charge for borrowing money






45. The apparent worth as opposed to the real worth






46. 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






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






48. Payment for insurance






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






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