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






2. Making money for owning something






3. The apparent worth as opposed to the real worth






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






5. The economical needs of an individual






6. The amount of tax owed






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






8. Total assets minus total liabilities






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






10. The money paid for employee services






11. A debt not backed by specific property to satisfy the indebtedness in case of default.






12. A bond with zero discounts






13. 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.






14. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.






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






16. Concern for ones own well being and advantages






17. 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






18. Income before taxes






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






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






21. Someone who has insufficient assets to cover their debts






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






23. Electronic Funds Transfer






24. Something that is made open or revealed






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






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






27. Receiving money for loaning money






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






29. Maintain by writing regular records






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






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






32. The fee - expressed as a percentage - a borrower owes for the use of a creditor's money. At an interest rate of 10% - a borrower would pay $110 for $100 borrowed.






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






34. The amount of money you would need to deposit now in order to attain a desired amount in the future






35. An obligation to pay money to another party






36. The maximum credit that a customer is allowed






37. An exchange that occurs as a compromise






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






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






40. Arrangement for deferred payment for goods and services






41. The amount of tax owed






42. Place to create a savings account.






43. Payment for insurance






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






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






46. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights






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






48. Stock other than preferred stock






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






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






Can you answer 50 questions in 15 minutes?



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