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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. The maximum credit that a customer is allowed






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






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






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






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






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






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






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






9. The financial gain (earned or unearned) accruing over a given period of time






10. An amount that credit card companies can charge for the use of a credit card.






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






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






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






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






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






16. A bond with zero discounts






17. The extent to which something is covered






18. Profits paid to investors






19. A loan in which the rate can be altered to adjust to economical need






20. Production of a certain amount






21. The standard IRS form for individual tax returns.






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






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






24. The shares available to sell/buy






25. An accounting entry acknowledging income or capital items






26. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)






27. An act of economizing






28. The time interval between the deposit of a check in a bank and its payment






29. 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






30. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default






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






32. Something that is made open or revealed






33. 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.






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






35. A loan where the payment is acheived through interest






36. The amount accruing to the corporations owners

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37. Electronic Funds Transfer






38. The recipient of funds or other benefits






39. The amount accruing to the corporations owners

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40. A legal document declaring a person's wishes regarding the disposal of their property when they die






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






42. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default






43. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation






44. The co-option of another person's personal information (e.g. - name - social security number - credit card number - passport) without that person's knowledge and the fraudulent use of such knowledge






45. Anything that is used to produce goods or services






46. The economical needs of an individual






47. Protection against future loss






48. Diagnosis Codes (in CCB Popup if more then 5 codes)






49. A bank account that accumulates interest






50. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.







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