SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
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. The rights of an individual to own - use - rent - invest in - buy - and sell property.
Property Rights
Stocks
FICA
Insolvent
2. Electronic Funds Transfer
Stock Exchanges
EFT
Lending Investments
Cannibalizing assets
3. A bank account that accumulates interest
Savings Account
Saving
Line of Credit
Consequence
4. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.
Statement of Cash Flows
Secured Loan
Payday Loan
Stock Table
5. The extent to which something is covered
Interest-Only Loan
Coverage
Probate
Lien
6. A loan that is paid off in a fixed rate over a period of time
Market Capitalization
Interest Rate
Fixed-Rate Loan
APR
7. The money paid for employee services
Salary
Money Market Accounts
Interest Rate
Zero-Coupon Bond
8. 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
Zero-Coupon Bond
Risk
Mortage
Exemptions
9. Loan with equal number of payments of the same amount over a fixed period of time.
Lending Investments
Expenses
Investing
Installment Loan
10. Loan deal in which the actual lender may not be known to the borrower.
Statement of Cash Flows
Installment Loan
Credit
Indirect Car Loan
11. Loan where the lender goes through the borrower
Debt Consolidation
Direct Car Loan
Incentives
Interest Rate
12. 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.
Lending Investments
Good Faith
I-9
Investing
13. The act of taking out money or other capital
Pay Period
Index Fund
Withdrawal
Ownership Investments
14. Certificates that represent money the government has borrowed from private citizens
Total Assets
Phishing
Bonds
Shares Outstanding
15. Institution that functions much like a business - but does not operate for the purpose of generating profits
Certificates of Deposit
Identity Theft
Stock Table
Nonprofit Organization
16. A venture undertaken without regard to possible loss or injury
Risk
Values
Predatory Lending
Resources
17. Is your gross income after certain reductions have been made
Insolvent
Adjusted Gross Income
Ownership Investments
Interest-Only Loan
18. A loan where the payment is acheived through interest
Opportunity Cost
Insolvent
Liability
Interest-Only Loan
19. 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.
Identity Theft
Shares Outstanding
Mortage
Secured Debt
20. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.
Allocation
Living Trust
W-4
Mortage
21. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
Inflation
Balance Sheet
Mutual Funds
Certificates of Deposit
22. A business activity that changes assets - liabilities - or owner's equity
SEC Filings
Transaction
1040 tax form
Return
23. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
Statement of Cash Flows
Estate Planning
Balance Sheet
Withdrawal
24. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Savings Account
Wealth Management
Securities
Transaction Fee
25. 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
Rent
Payday Loan
Reconcile
26. Compute credits and debits of an account
Deposit
Time value of money
Tax Liability
Balance
27. Someone who lends money at excessive rates of interest
Loan Shark
Deposit
Deductible
Net Income
28. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Payday Loan
Certificates of Deposit
Preferred Stock
Financial Goals
29. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Profit
Total Debt
Exchange-Traded Funds
Savings Account
30. Protection against future loss
Float
Market Capitalization
Adjustable-Rate Loan
Insurance
31. A person appointed by a testator to carry out the terms of the will
Premium
Deduction
Bonds
Executor
32. The act of lending money at an exorbitant rate of interest
Usury
Stock Table
Retirement Planning
Compound Interest
33. A legal document declaring a person's wishes regarding the disposal of their property when they die
Will
Interest Rate
Yield
Index Fund
34. The distribution of investment funds among broad classes of assets.
Risk
Total Assets
Asset Allocation
Overdraft protection
35. Concern for ones own well being and advantages
Self-Interest
Investing
Annual Report
Fixed-Rate Loan
36. A legal document declaring a person's wishes regarding the disposal of their property when they die
Will
Insurance
Money Market Accounts
Annual Fee
37. Items of personal interest to collectors that can increase in value in the future
I-9
Investing
Wealth Management
Collectibles
38. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail
Total Debt
Secured Loan
Liability
Phishing
39. Profits paid to investors
Deposit
dividends
Disclosure
Exemption
40. Place to create a savings account.
Resources
Profit
Savings Register
Insolvent
41. A loan where the payment is acheived through interest
Interest-Only Loan
Bankruptcy
Yield
Investing
42. Limited quantities of resources to meet unlimited wants
Financial Goals
Scarcity
Premium
Issuer
43. A loan that is paid off in a fixed rate over a period of time
Market Capitalization
Fixed-Rate Loan
Interest-Only Loan
Nonprofit Organization
44. A debt not backed by specific property to satisfy the indebtedness in case of default.
Deductible
Interest-Only Loan
Salary
Unsecured Debt
45. A bank account that accumulates interest
Balance
dividends
Unsecured Loan
Savings Account
46. Stock other than preferred stock
Common Stock
Statement of Cash Flows
Fixed-Rate Loan
Securities
47. Savings account that pays market rate or better interest and allows access to funds without penalty.
Incentives
Money Market Accounts
On-Boarding
Phishing
48. Limited quantities of resources to meet unlimited wants
Mutual Funds
Scarcity
Net Income
Stock Exchanges
49. An automatic loan made to you if you write a check for more money than you have in your account
Overdraft protection
Exemptions
Foreclosure
Living Trust
50. The interest rate that a bond issuer will pay to a bondholder
Vesting
Insurance
Coupon Rate
Withdrawal