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Test your basic knowledge |
Wealth Management
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Study First
Subjects
:
personal-finance
,
business-skills
Instructions:
Answer 50 questions in 15 minutes.
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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. Income on which tax must be paid; total income minus exemptions and deductions
Wealth Management
Debt Consolidation
Taxable Income
Line of Credit
2. Money paid to a worker
Wage
Payday Loan
Investing
On-Boarding
3. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Taxable Income
Payday Loan
401 K
Foreclosure
4. Loan with equal number of payments of the same amount over a fixed period of time.
Wage
Payday Loan
Installment Loan
Values
5. Stock other than preferred stock
Disclosure
Common Stock
Balance Sheet
Shares Outstanding
6. An accounting entry acknowledging income or capital items
Financial Needs
SEC Filings
Credit
Interest Rate
7. Receiving money for loaning money
Lending Investments
Common Stock
Loan
401 K
8. A person appointed by a testator to carry out the terms of the will
Executor
Indirect Car Loan
Maturity Date
Installment Loan
9. An accounting entry acknowledging sums that are owing
SEC Filings
Debit
Transaction
Identity Theft
10. Payment for insurance
Premium
Preferred Stock
W-4
Financial Needs
11. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
Premium
Payday Loan
Insurance
Values
12. A regular payment to a person that iis intended to allow them to subsist without working
Certificates of Deposit
I-9
Pension
Personal Allowances
13. The maximum credit that a customer is allowed
dividends
Issuer
Line of Credit
Balance Sheet
14. Preparing a plan for transferring property during one's lifetime and at one's death
Debit
Decison-making
Liability
Estate Planning
15. 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
Beneficiary
Mutual Funds
Exemptions
Saving
16. An amount that credit card companies can charge for the use of a credit card.
Opportunity Cost
Financial Statements
Annual Fee
Float
17. An evaluation by a rating company of the probability that a particular bond issue will default
Bond Rating
Salary
Income
Coupon Rate
18. 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
Savings Register
I-9
Cannibalizing assets
Balance
19. The money(usually a set amount) given to an individual to spend
Disclosure
Late Fee
Pension
Personal Allowances
20. Loan deal in which the actual lender may not be known to the borrower.
Bonds
1040 tax form
Indirect Car Loan
Balance Sheet
21. The economical needs of an individual
Exemption
Yield
Financial Needs
Balance Sheet
22. Total assets minus total liabilities
Balance
Foreclosure
Billing Statement
Net Worth
23. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Exemption
Net Worth
Profit
Total Assets
24. The standard IRS form for individual tax returns.
Bond Rating
Consequence
Deduction
1040 tax form
25. Place to create a savings account.
dividends
Savings Register
Interest
Taxable Income
26. 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.
W-4
Asset Allocation
Financial Goals
Opportunity Cost
27. The amount of tax owed
APR
Tax Liability
Financial Institution
dividends
28. A delay in enforcing rights or claims or privileges
Forbearance
Premium
Rent
Personal Allowances
29. Simplified IRS tax form which some individuals can file instead of the 1040 form.
Beneficiary
Exchange-Traded Funds
1040 EZ tax form
Total Debt
30. An extra charge for various credit activities such as using an ATM or receiving a cash advance
Premium
Transaction Fee
Bankruptcy
Living Trust
31. Arrangement for deferred payment for goods and services
Line of Credit
Credit
Mutual Funds
Retirement Planning
32. 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
Fixed-Rate Loan
Identity Theft
Probate
Loan
33. The commercial activity of transporting and selling goods from a producer to a consumer
Distribution
Rent
Interest Rate
Asset
34. The process of making a decision - usually complex
Identity Theft
Financial Needs
Incentives
Decison-making
35. A yearly statement of the financial condition - progress - and expectations of an organization
Interest Rate
Annual Report
Interest Rate
Market Capitalization
36. A loan that is paid off in a fixed rate over a period of time
APR
Fixed-Rate Loan
Face Value
1040 tax form
37. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.
Overdraft protection
Profit
Net Income
Payday Loan
38. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
On-Boarding
Adjustable-Rate Loan
Secured Debt
Annual Fee
39. Interest calculated on both the principal and the accrued interest
Certificates of Deposit
Coverage
Compound Interest
Balance Sheet
40. A payment given as a guarantee that an obligation will be met
Deposit
Consequence
Profit
Deduction
41. Can be found in a newspaper and shows information about popular stocks.
Financial Statements
Interest Rate
Stock Table
Coupon Rate
42. Grant use or occupation of under a term of contract
On-Boarding
Rent
Adjustable-Rate Loan
Coverage
43. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Financial Needs
Decison-making
Coupon Rate
Total Assets
44. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.
Retirement Planning
Forbearance
Payday Loan
Shares Outstanding
45. Total assets minus total liabilities
Maintain
Financial Goals
Net Worth
Issuer
46. 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
Interest Rate
Income
Transfer Payments
APR
47. 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.
Stockholders' Equity
Liability
Transfer Payments
Savings Account
48. 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.
Mortage
Predatory Lending
Retirement Planning
Stockholders' Equity
49. The money paid for employee services
Lending Investments
Exemption
Salary
Investing
50. Profits paid to investors
dividends
Stock Exchanges
APR
Withdrawal
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