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. Electronic Funds Transfer






2. Someone who lends money at excessive rates of interest






3. Profits paid to investors






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






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






6. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure






7. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation






8. Things that incite or spur to action; rewards or reasons for performing a task.






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






10. 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.






11. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received






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






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






14. 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.






15. Loan where the lender goes through the borrower






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






17. Receiving money for loaning money






18. The standard IRS form for individual tax returns.






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






20. A fixed charge for borrowing money






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






22. A share set aside for a specific purpose






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






24. The time interval between the deposit of a check in a bank and its payment






25. Preparing a plan for transferring property during one's lifetime and at one's death






26. An accounting entry acknowledging income or capital items






27. The recipient of funds or other benefits






28. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index






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






30. Making money for owning something






31. The shares available to sell/buy






32. Something of value; a resource; an advantage






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






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






35. A specific plan for spending your income






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






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






38. Preparing a plan for transferring property during one's lifetime and at one's death






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






40. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.






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






42. 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.






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






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






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






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






47. A bank account that accumulates interest






48. Funds that are often times traded through a stock exchange (NYSE)






49. Receiving money for loaning money






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