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






2. Someone who lends money at excessive rates of interest






3. Loan where the lender goes through the borrower






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






5. Payment for insurance






6. Total assets minus total liabilities






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






8. Preparing a plan for transferring property during one's lifetime and at one's death






9. A bond with zero discounts






10. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.






11. Compute credits and debits of an account






12. An automatic loan made to you if you write a check for more money than you have in your account






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






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






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






16. An accounting entry acknowledging income or capital items






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






18. The amount of money you would need to deposit now in order to attain a desired amount in the future






19. Something of value; a resource; an advantage






20. A penalty for making a payment after the due date






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






22. A general and progressive increase in prices






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






24. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt






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






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






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






28. Something that is made open or revealed






29. The shares available to sell/buy






30. 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






31. Give back (tax return)






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






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






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






35. Something of value; a resource; an advantage






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






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






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






39. The period covered by a salary payment






40. A specific plan for spending your income






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






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






43. The percentage of a sum of money charged for its use






44. An act of economizing






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






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






47. Simplified IRS tax form which some individuals can file instead of the 1040 form.






48. Funds that pay part of their distributions out of principal cannibalize their assets. This depletes the fund's asset base. Funds cannibalize assets to maintain a dividend and keep shareholders happy. However - like feeding a cow its own milk - this p






49. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index






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