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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. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)






2. Place to create a savings account.






3. The distribution of investment funds among broad classes of assets.






4. Give back (tax return)






5. The commercial activity of transporting and selling goods from a producer to a consumer






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






7. 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.






8. A fixed charge for borrowing money






9. The rights of an individual to own - use - rent - invest in - buy - and sell property.






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






11. An act of economizing






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






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






14. The apparent worth as opposed to the real worth






15. Items of personal interest to collectors that can increase in value in the future






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






17. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets






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






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






20. The act of reducing the selling price of merchandise






21. A delay in enforcing rights or claims or privileges






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






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






24. A general and progressive increase in prices






25. Someone who has insufficient assets to cover their debts






26. An accounting entry acknowledging sums that are owing






27. Compute credits and debits of an account






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






29. Prompt payment for goods or services in currency or by check






30. The amount accruing to the corporations owners

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31. The maximum credit that a customer is allowed






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






33. The maximum credit that a customer is allowed






34. A general and progressive increase in prices






35. All costs or bills related to the business






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






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






38. Something of value; a resource; an advantage






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






40. 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






41. Grant use or occupation of under a term of contract






42. 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






43. The recipient of funds or other benefits






44. Anything that is used to produce goods or services






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






46. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)






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






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






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






50. The process of making a decision - usually complex







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Can you answer 50 questions in 15 minutes?


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