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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. A loan that is paid off in a fixed rate over a period of time
Overdraft protection
Nonprofit Organization
Distribution
Fixed-Rate Loan
2. An obligation to pay money to another party
Beneficiary
Adjustable-Rate Loan
Liability
Scarcity
3. Diagnosis Codes (in CCB Popup if more then 5 codes)
Vesting
Values
Loan
I-9
4. Something of value; a resource; an advantage
Transfer Payments
Premium
Asset
Compound Interest
5. The act of committing money or capital to an endeavor (a business - project - real estate - etc.) with the expectation of obtaining an additional income or profit.
Liability
Salary
Total Assets
Investing
6. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Transaction
Financial Institution
Beneficiary
Living Trust
7. An extra charge for various credit activities such as using an ATM or receiving a cash advance
Unsecured Loan
Deductible
Mutual Funds
Transaction Fee
8. 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
Rent
Direct Car Loan
Time value of money
9. An amount that credit card companies can charge for the use of a credit card.
Scarcity
Annual Fee
Good Faith
Billing Statement
10. Payment for insurance
Cannibalizing assets
Premium
Common Stock
Rent
11. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Index Fund
Salary
Retirement Planning
Profit
12. A penalty for making a payment after the due date
Good Faith
Taxable Income
Late Fee
Total Debt
13. The shares available to sell/buy
Scarcity
Shares Outstanding
Exemptions
Cannibalizing assets
14. Having honest intentions
Certificates of Deposit
Installment Loan
Present Value
Good Faith
15. Stock other than preferred stock
Common Stock
Face Value
Time value of money
Consequence
16. Whatever must be given up to obtain some item
Living Trust
Opportunity Cost
Market Capitalization
Coverage
17. The act of lending money at an exorbitant rate of interest
Executor
Usury
Cannibalizing assets
Predatory Lending
18. The percentage of a sum of money charged for its use
Resources
Collectibles
Financial Needs
Interest Rate
19. An estimation of the value of a business that is obtained by multiplying the number of shares outstanding by the current price of a share
Saving
Net Income
Interest Rate
Market Capitalization
20. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Reconcile
Bankruptcy
Collectibles
Mutual Funds
21. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.
Profit
Statement of Cash Flows
Lien
Secured Loan
22. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Credit
Stock Symbol
Foreclosure
Asset Allocation
23. The outcome of an event especially as relative to an individual
Consequence
APR
Income
Interest-Only Loan
24. The value of a security that is set by the company issuing it
Transfer Payments
Par Value
Estate Planning
Forbearance
25. Financial reports that summarize the financial condition and operations of a business
Liability
SEC Filings
Financial Statements
Return
26. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Bonds
Stock Symbol
1040 EZ tax form
Will
27. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Float
Reconcile
Profit
Certificates of Deposit
28. A legal document declaring a person's wishes regarding the disposal of their property when they die
Bank Statement
Investing
Adjusted Gross Income
Will
29. Money paid to a worker
Interest Rate
Distribution
On-Boarding
Wage
30. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Asset Allocation
Income Statement
Probate
Investing
31. Protection against future loss
Personal Allowances
Unsecured Loan
Predatory Lending
Insurance
32. 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
Interest-Only Loan
Maturity Date
APR
Balance Sheet
33. Prompt payment for goods or services in currency or by check
Nonprofit Organization
Yield
Cash
Estate Planning
34. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Securities
Probate
Exchange-Traded Funds
Exemptions
35. Is your gross income after certain reductions have been made
EDGAR
Adjusted Gross Income
Financial Statements
Debt Consolidation
36. The co-option of another person's personal information (e.g. - name - social security number - credit card number - passport) without that person's knowledge and the fraudulent use of such knowledge
401 K
Financial Needs
Financial Institution
Identity Theft
37. Loan where the lender goes through the borrower
EFT
Direct Car Loan
Secured Debt
Expenses
38. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Common Stock
Deductions
Preferred Stock
Savings Register
39. A share set aside for a specific purpose
Phishing
Statement of Cash Flows
Insolvent
Allocation
40. The period covered by a salary payment
Pay Period
Distribution
Transaction
Money Market Accounts
41. Place to create a savings account.
Direct Car Loan
Savings Register
Interest
Yield
42. An evaluation by a rating company of the probability that a particular bond issue will default
Opportunity Cost
Bond Rating
Float
APR
43. Short for Federal Insurance Contributions Act - the name given on the paycheck stub for Social Security and Medicare taxes. The employee pays some of the FICA tax - and and the employer pays some of this tax for each employee. Social Security pays be
Direct Car Loan
FICA
Resources
Loan
44. Financial organization that pools people's money and invests it
Stock Table
Consequence
Secured Loan
Mutual Funds
45. An institution that issues something (securities or publications or currency etc.)
1040 tax form
Issuer
Investing
Tax Liability
46. Bring into consonance or accord - to agree on terms
Indirect Car Loan
Reconcile
Annual Fee
Usury
47. A person appointed by a testator to carry out the terms of the will
Line of Credit
Executor
1040 tax form
Values
48. A delay in enforcing rights or claims or privileges
Coverage
Forbearance
I-9
Secured Loan
49. Financial organization that pools people's money and invests it
Risk
APR
Annual Fee
Mutual Funds
50. Loan deal in which the actual lender may not be known to the borrower.
Yield
Loan
Indirect Car Loan
Insurance