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. Arrangement for deferred payment for goods and services






2. All costs or bills related to the business






3. Total assets minus total liabilities






4. Income before taxes






5. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure






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






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






8. Give back (tax return)






9. Things that incite or spur to action; rewards or reasons for performing a task.






10. 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


11. A long-term loan extended to someone who buys property






12. The commercial activity of transporting and selling goods from a producer to a consumer






13. The interest rate that a bond issuer will pay to a bondholder






14. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount






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






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






17. Maintain by writing regular records






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. Place to create a savings account.






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






21. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group






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






23. The process of managing one's assets and wealth






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






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






26. Place to create a savings account.






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






28. An obligation to pay money to another party






29. A loan backed by something valuable - such as property






30. 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






31. A regular payment to a person that iis intended to allow them to subsist without working






32. A bank account that accumulates interest






33. The process of managing one's assets and wealth






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






35. A specific plan for spending your income






36. The money paid for employee services






37. An evaluation by a rating company of the probability that a particular bond issue will default






38. Certificates that represent money the government has borrowed from private citizens






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






40. A general and progressive increase in prices






41. 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.






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






43. An accounting entry acknowledging sums that are owing






44. The recipient of funds or other benefits






45. Production of a certain amount






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






47. The act of taking out money or other capital






48. Can be found in a newspaper and shows information about popular stocks.






49. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount






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