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 tax-deferred investment and savings plan that acts as a personal pension fund for employees






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






3. Concern for ones own well being and advantages






4. Electronic Funds Transfer






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






6. Give back (tax return)






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






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






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






10. An accounting entry acknowledging income or capital items






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






12. Protection against future loss






13. Having honest intentions






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






15. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group






16. Compute credits and debits of an account






17. Income before taxes






18. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.






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






20. Someone who lends money at excessive rates of interest






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






22. The process of making a decision - usually complex






23. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements






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






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






26. The standard IRS form for individual tax returns.






27. Stock other than preferred stock






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






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






30. The act of taking out money or other capital






31. 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.






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






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






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






35. A debt; something disadvantageous






36. Income on which tax must be paid; total income minus exemptions and deductions






37. An accounting entry acknowledging sums that are owing






38. Compute credits and debits of an account






39. The maximum credit that a customer is allowed






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






41. The money paid for employee services






42. Receiving money for loaning money






43. Anything that is used to produce goods or services






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






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






46. The amount accruing to the corporations owners

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47. A yearly statement of the financial condition - progress - and expectations of an organization






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






49. A payment given as a guarantee that an obligation will be met






50. Payment for insurance