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. Maintain by writing regular records






2. Shares of ownership in a company






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






4. An obligation to pay money to another party






5. The act of taking out money or other capital






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






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






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






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






10. The money paid for employee services






11. Electronic Funds Transfer






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






13. Business organizations that accommodate the buying and selling of securities.






14. 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






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






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






17. The amount accruing to the corporations owners

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18. Loan where the lender goes through the borrower






19. Beliefs of a person or social group in which they have an emotional investment (either for or against something)






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






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






22. The act of taking out money or other capital






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






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






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






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






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






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






29. The shares available to sell/buy






30. The process of making a decision - usually complex






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






33. The apparent worth as opposed to the real worth






34. Money paid to a worker






35. Short-term and Long-term objectives that are driven by values.






36. An exchange that occurs as a compromise






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






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






39. 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.






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






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






42. The period covered by a salary payment






43. An accounting entry acknowledging income or capital items






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






45. Total assets minus total liabilities






46. Anything that is used to produce goods or services






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






48. Arrangement for deferred payment for goods and services






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






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