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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. An automatic loan made to you if you write a check for more money than you have in your account






2. A bank account that accumulates interest






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






4. 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.






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






6. Immunity from a general burden - tax or charge; in bankruptcy or judgment executions - that portion of the debtor's property that cannot be liquidiated and applied to her debts






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






8. 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.






9. An act of economizing






10. Place to create a savings account.






11. Making money for owning something






12. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default






13. The amount accruing to the corporations owners

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14. The maximum credit that a customer is allowed






15. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.






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






17. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)






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






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






20. A person appointed by a testator to carry out the terms of the will






21. Anything that is used to produce goods or services






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






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






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






25. A regular payment to a person that iis intended to allow them to subsist without working






26. Limited quantities of resources to meet unlimited wants






27. The apparent worth as opposed to the real worth






28. Can be found in a newspaper and shows information about popular stocks.






29. The interest rate that a bond issuer will pay to a bondholder






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






31. A share set aside for a specific purpose






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






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






34. The money paid for employee services






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






36. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.






37. Production of a certain amount






38. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid






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






40. The percentage of a sum of money charged for its use






41. Shares of ownership in a company






42. The money(usually a set amount) given to an individual to spend






43. The value of a security that is set by the company issuing it






44. A general and progressive increase in prices






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






46. An accounting entry acknowledging income or capital items






47. The apparent worth as opposed to the real worth






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






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






50. The shares available to sell/buy