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Test your basic knowledge |
Wealth Management
Start Test
Study First
Subjects
:
personal-finance
,
business-skills
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 act of economizing
Allocation
Saving
Deduction
Premium
2. Simplified IRS tax form which some individuals can file instead of the 1040 form.
Installment Loan
Transaction
1040 EZ tax form
Incentives
3. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Total Assets
Allocation
Bank Statement
Bonds
4. The commercial activity of transporting and selling goods from a producer to a consumer
Float
On-Boarding
Opportunity Cost
Distribution
5. Income before taxes
Overdraft protection
Gross Income
Savings Register
Insolvent
6. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.
W-4
Deductions
Unsecured Loan
Unsecured Debt
7. Short-term and Long-term objectives that are driven by values.
Self-Interest
Statement of Cash Flows
Annual Fee
Financial Goals
8. A periodic statement prepared by a bank for each client
Line of Credit
Maturity Date
Billing Statement
Bank Statement
9. The period covered by a salary payment
Deposit
Insurance
Insolvent
Pay Period
10. Can be found in a newspaper and shows information about popular stocks.
401 K
Stock Table
Tax Liability
Rent
11. Someone who has insufficient assets to cover their debts
Stocks
Total Assets
Insolvent
Disclosure
12. A penalty for making a payment after the due date
Compound Interest
Net Income
Late Fee
Overdraft protection
13. Stock other than preferred stock
Preferred Stock
Resources
Common Stock
dividends
14. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.
Bankruptcy
Adjusted Gross Income
Checkbook Register
Living Trust
15. The act of reducing the selling price of merchandise
Deduction
Fixed-Rate Loan
Total Debt
Exemption
16. Loan where the lender goes through the borrower
Reconcile
Resources
Debt Consolidation
Direct Car Loan
17. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)
Pension
Unsecured Loan
Stock Table
Savings Account
18. The fee - expressed as a percentage - a borrower owes for the use of a creditor's money. At an interest rate of 10% - a borrower would pay $110 for $100 borrowed.
Securities
Interest Rate
Bonds
Bonds
19. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.
Credit
Risk
Payday Loan
Loan Shark
20. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Securities
Preferred Stock
Deposit
Foreclosure
21. 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.
Indirect Car Loan
Total Assets
Investing
Premium
22. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
Pay Period
Values
Mortage
Tax Liability
23. Prompt payment for goods or services in currency or by check
Unsecured Debt
Savings Register
Cash
Rent
24. Income before taxes
Estate Planning
Stock Table
Gross Income
Mutual Funds
25. The process of managing one's assets and wealth
Distribution
Bank Statement
Incentives
Wealth Management
26. A bank account that accumulates interest
Vesting
Trade-off
EDGAR
Savings Account
27. 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.
Allocation
Loan
Secured Debt
Loan Shark
28. Business organizations that accommodate the buying and selling of securities.
Total Assets
Savings Register
Stock Exchanges
Deductible
29. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.
Total Assets
Issuer
Overdraft protection
Living Trust
30. Shares of ownership in a company
Stocks
Stock Table
Securities
Withdrawal
31. The interest rate that a bond issuer will pay to a bondholder
Coupon Rate
I-9
Profit
Rent
32. Prompt payment for goods or services in currency or by check
Cash
Asset Allocation
Savings Register
APR
33. Protection against future loss
Tax Liability
Secured Debt
Expenses
Insurance
34. The right to take another's property if an obligation is not discharged
Lien
Reconcile
Par Value
Credit
35. 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.
Statement of Cash Flows
Transfer Payments
Ownership Investments
Mutual Funds
36. An evaluation by a rating company of the probability that a particular bond issue will default
Pension
Asset
Bond Rating
Interest
37. An evaluation by a rating company of the probability that a particular bond issue will default
Bond Rating
Adjustable-Rate Loan
Net Income
Coupon Rate
38. Maintain by writing regular records
Annual Fee
Index Fund
Nonprofit Organization
Maintain
39. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
Index Fund
Probate
Values
Shares Outstanding
40. The shares available to sell/buy
Loan Shark
Savings Account
Shares Outstanding
W-4
41. The maximum credit that a customer is allowed
Unsecured Debt
Bank Statement
Line of Credit
Return
42. A debt not backed by specific property to satisfy the indebtedness in case of default.
Stock Symbol
Unsecured Debt
Opportunity Cost
Index Fund
43. Profits paid to investors
dividends
Index Fund
Annual Fee
Salary
44. Certificates that represent money the government has borrowed from private citizens
Direct Car Loan
Bonds
Tax Liability
Scarcity
45. The outcome of an event especially as relative to an individual
Unsecured Debt
Indirect Car Loan
Debt Consolidation
Consequence
46. Things that incite or spur to action; rewards or reasons for performing a task.
Incentives
Investing
Bank Statement
Shares Outstanding
47. Bring into consonance or accord - to agree on terms
Beneficiary
Line of Credit
Issuer
Reconcile
48. Loan with equal number of payments of the same amount over a fixed period of time.
Present Value
Installment Loan
Collectibles
Float
49. Compute credits and debits of an account
Stockholders' Equity
Withdrawal
Balance
Checkbook Register
50. An extra charge for various credit activities such as using an ATM or receiving a cash advance
Cannibalizing assets
Transaction Fee
Unsecured Loan
Stockholders' Equity