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. The process of making a decision - usually complex






2. A specific plan for spending your income






3. 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.






4. Money paid to a worker






5. All costs or bills related to the business






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






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






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






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






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






11. Something that is made open or revealed






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






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






14. The maximum credit that a customer is allowed






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






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






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






18. The period covered by a salary payment






19. An act of economizing






20. The amount accruing to the corporations owners

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21. Something that is made open or revealed






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






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






24. 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.






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






26. A loan where the payment is acheived through interest






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






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






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






30. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.






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






32. Electronic Funds Transfer






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






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






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






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






37. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money






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






39. A general and progressive increase in prices






40. 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.






41. 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.






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






43. Place to create a savings account.






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






45. The apparent worth as opposed to the real worth






46. Short for Federal Insurance Contributions Act - the name given on the paycheck stub for Social Security and Medicare taxes. The employee pays some of the FICA tax - and and the employer pays some of this tax for each employee. Social Security pays be






47. Maintain by writing regular records






48. Short for Federal Insurance Contributions Act - the name given on the paycheck stub for Social Security and Medicare taxes. The employee pays some of the FICA tax - and and the employer pays some of this tax for each employee. Social Security pays be






49. 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.






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