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Test your basic knowledge |
Wealth Management
Start Test
Study First
Subjects
:
personal-finance
,
business-skills
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. The commercial activity of transporting and selling goods from a producer to a consumer
Collectibles
Pay Period
Distribution
Issuer
2. The money(usually a set amount) given to an individual to spend
Collectibles
Personal Allowances
Annual Fee
Foreclosure
3. By planning ahead you can ensure financial stability during your retirement.
Retirement Planning
Money Market Accounts
Predatory Lending
Net Income
4. An amount of money given to the borrower for a set period of time. After the set time has passed - the money must be paid back plus the lending fee - called interest. Payments are normally made over a series of months.
Probate
Financial Needs
Loan
Opportunity Cost
5. A record of checks written and deposits made in a checking account - kept by the depositor
Checkbook Register
Secured Debt
Ownership Investments
Lien
6. The period covered by a salary payment
Coverage
Bonds
Ownership Investments
Pay Period
7. Electronic Data Gathering Analysis and Retrieval - the electronic system used by the SEC to enable investors to search electronically for financial reports filed by individual companies
Payday Loan
Bankruptcy
Resources
EDGAR
8. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
Index Fund
Financial Goals
Exchange-Traded Funds
Billing Statement
9. The process of making a decision - usually complex
Forbearance
Decison-making
Collectibles
Maturity Date
10. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Unsecured Loan
Trade-off
Stock Symbol
Identity Theft
11. Making money for owning something
Compound Interest
Transaction
Ownership Investments
Index Fund
12. An accounting entry acknowledging income or capital items
Credit
1040 tax form
Income Statement
Total Assets
13. Shares of ownership in a company
Stocks
Annual Report
Incentives
Coverage
14. The act of reducing the selling price of merchandise
Deduction
Saving
Payday Loan
Stocks
15. Someone who lends money at excessive rates of interest
Present Value
Loan Shark
Bond Rating
Liability
16. Something of value; a resource; an advantage
Asset
Foreclosure
Credit
Cash
17. The process of making a decision - usually complex
Decison-making
Direct Car Loan
Gross Income
Unsecured Debt
18. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received
Net Income
Securities
Pension
401 K
19. Maintain by writing regular records
Maintain
Bond Rating
Pay Period
Compound Interest
20. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.
On-Boarding
Financial Goals
Pay Period
SEC Filings
21. A long-term loan extended to someone who buys property
Mortage
Beneficiary
Incentives
Billing Statement
22. Payment for insurance
Opportunity Cost
Premium
Wage
Beneficiary
23. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Distribution
Time value of money
Interest-Only Loan
Secured Debt
24. Anything that is used to produce goods or services
FICA
Resources
Annual Fee
Stocks
25. 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.
Predatory Lending
1040 EZ tax form
Total Debt
401 K
26. An institution that issues something (securities or publications or currency etc.)
Issuer
Common Stock
I-9
Mutual Funds
27. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.
Face Value
Credit
Deductible
Deductions
28. The apparent worth as opposed to the real worth
Face Value
Personal Allowances
Consequence
Ownership Investments
29. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Deduction
Stock Symbol
Adjustable-Rate Loan
Deductible
30. A regular payment to a person that iis intended to allow them to subsist without working
401 K
Adjusted Gross Income
Credit
Pension
31. Profits paid to investors
Self-Interest
Billing Statement
dividends
Expenses
32. 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.
Transfer Payments
Total Assets
Billing Statement
Securities
33. A fixed charge for borrowing money
Estate Planning
Checkbook Register
Interest
Shares Outstanding
34. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Deposit
Exemptions
Bankruptcy
Par Value
35. All costs or bills related to the business
EDGAR
Expenses
Collectibles
Bond Rating
36. A yearly statement of the financial condition - progress - and expectations of an organization
Trade-off
Asset
On-Boarding
Annual Report
37. Payment for insurance
Stock Table
Premium
Living Trust
Present Value
38. Preparing a plan for transferring property during one's lifetime and at one's death
SEC Filings
Beneficiary
Salary
Estate Planning
39. A fixed charge for borrowing money
Pension
Interest
Market Capitalization
Total Debt
40. Items of personal interest to collectors that can increase in value in the future
Collectibles
Vesting
Retirement Planning
Nonprofit Organization
41. 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.
EFT
Estate Planning
Loan
Predatory Lending
42. Total assets minus total liabilities
Time value of money
Securities
Net Worth
Overdraft protection
43. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt
Saving
Debt Consolidation
Decison-making
Annual Fee
44. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Money Market Accounts
Total Assets
Ownership Investments
Vesting
45. Whatever must be given up to obtain some item
Financial Goals
Debt Consolidation
Insurance
Opportunity Cost
46. A penalty for making a payment after the due date
Late Fee
Asset
Overdraft protection
Payday Loan
47. An evaluation by a rating company of the probability that a particular bond issue will default
Pay Period
Bond Rating
Installment Loan
Lending Investments
48. Can be found in a newspaper and shows information about popular stocks.
I-9
Deposit
Identity Theft
Stock Table
49. A share set aside for a specific purpose
Debt Consolidation
Allocation
SEC Filings
Balance Sheet
50. A payment given as a guarantee that an obligation will be met
Deposit
Allocation
Stock Symbol
Zero-Coupon Bond