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. Receiving money for loaning money






2. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid






3. The standard IRS form for individual tax returns.






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






5. An institution that issues something (securities or publications or currency etc.)






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






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






8. A business activity that changes assets - liabilities - or owner's equity






9. Protection against future loss






10. Maintain by writing regular records






11. Making money for owning something






12. Electronic Data Gathering Analysis and Retrieval - the electronic system used by the SEC to enable investors to search electronically for financial reports filed by individual companies






13. Income on which tax must be paid; total income minus exemptions and deductions






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






15. Something of value; a resource; an advantage






16. The money paid for employee services






17. Having honest intentions






18. 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.






19. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received






20. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail






21. Loan where the lender goes through the borrower






22. Someone who lends money at excessive rates of interest






23. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company






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






25. 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.






26. An accounting entry acknowledging sums that are owing






27. 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.






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






29. Savings account that pays market rate or better interest and allows access to funds without penalty.






30. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.






31. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail






32. Shares of ownership in a company






33. Interest calculated on both the principal and the accrued interest






34. The amount accruing to the corporations owners

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


35. The date on which a financial obligation must be repaid






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






37. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy






38. Making money for owning something






39. Someone who has insufficient assets to cover their debts






40. A fixed charge for borrowing money






41. An act of economizing






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






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






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






45. Funds that are often times traded through a stock exchange (NYSE)






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






47. Give back (tax return)






48. Profits paid to investors






49. 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






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