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. A loan backed by something valuable - such as property






2. Anything that is used to produce goods or services






3. Anything that is used to produce goods or services






4. The maximum credit that a customer is allowed






5. A financial statement that gives operating results for a specific period






6. Maintain by writing regular records






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






8. 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.






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






10. Production of a certain amount






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






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






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






14. A financial statement that gives operating results for a specific period






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






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






17. 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.






18. Income before taxes






19. 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






20. Concern for ones own well being and advantages






21. A specific plan for spending your income






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






23. An extra charge for various credit activities such as using an ATM or receiving a cash advance






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






25. The act of committing money or capital to an endeavor (a business - project - real estate - etc.) with the expectation of obtaining an additional income or profit.






26. Stock other than preferred stock






27. The extent to which something is covered






28. Whatever must be given up to obtain some item






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






30. The act of taking out money or other capital






31. The outcome of an event especially as relative to an individual






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






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






34. An exchange that occurs as a compromise






35. The amount accruing to the corporations owners

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36. The amount accruing to the corporations owners

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






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






39. Compute credits and debits of an account






40. Compute credits and debits of an account






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






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






43. Funds that pay part of their distributions out of principal cannibalize their assets. This depletes the fund's asset base. Funds cannibalize assets to maintain a dividend and keep shareholders happy. However - like feeding a cow its own milk - this p






44. An obligation to pay money to another party






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






46. A delay in enforcing rights or claims or privileges






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






48. The act of reducing the selling price of merchandise






49. The money paid for employee services






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