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. Something of value; a resource; an advantage






2. The money paid for employee services






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






4. Maintain by writing regular records






5. The act of lending money at an exorbitant rate of interest






6. Preparing a plan for transferring property during one's lifetime and at one's death






7. The process of making a decision - usually complex






8. Beliefs of a person or social group in which they have an emotional investment (either for or against something)






9. A specific plan for spending your income






10. 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.






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






12. The amount of tax owed






13. Profits paid to investors






14. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.






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






16. Business organizations that accommodate the buying and selling of securities.






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






18. Stock other than preferred stock






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






20. A delay in enforcing rights or claims or privileges






21. The maximum credit that a customer is allowed






22. Business organizations that accommodate the buying and selling of securities.






23. Someone who lends money at excessive rates of interest






24. 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






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






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






27. The percentage of a sum of money charged for its use






28. Loan deal in which the actual lender may not be known to the borrower.






29. Maintain by writing regular records






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






31. Grant use or occupation of under a term of contract






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






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






34. Financial reports that summarize the financial condition and operations of a business






35. Income before taxes






36. An exchange that occurs as a compromise






37. Compute credits and debits of an account






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






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






40. Income before taxes






41. Place to create a savings account.






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






43. The recipient of funds or other benefits






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






45. A loan where the payment is acheived through interest






46. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money






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






48. A venture undertaken without regard to possible loss or injury






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






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