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. An estimation of the value of a business that is obtained by multiplying the number of shares outstanding by the current price of a share






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






3. Loan with equal number of payments of the same amount over a fixed period of time.






4. A bond with zero discounts






5. An estimation of the value of a business that is obtained by multiplying the number of shares outstanding by the current price of a share






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






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






8. The right to take another's property if an obligation is not discharged






9. The distribution of investment funds among broad classes of assets.






10. The maximum credit that a customer is allowed






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






12. The shares available to sell/buy






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






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






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






16. An exchange that occurs as a compromise






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






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






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






20. The extent to which something is covered






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






22. An accounting entry acknowledging income or capital items






23. Stock other than preferred stock






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






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






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






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






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






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






30. Maintain by writing regular records






31. Arrangement for deferred payment for goods and services






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






33. A debt; something disadvantageous






34. 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






35. An obligation to pay money to another party






36. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt






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






38. Receiving money for loaning money






39. 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.






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






41. The process of making a decision - usually complex






42. A fixed charge for borrowing money






43. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt






44. Profits paid to investors






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






46. The right to take another's property if an obligation is not discharged






47. 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






48. Concern for ones own well being and advantages






49. The amount accruing to the corporations owners

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