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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. Arrangement for deferred payment for goods and services
401 K
Living Trust
Credit
Income
2. All costs or bills related to the business
Salary
Insolvent
Personal Budget
Expenses
3. Total assets minus total liabilities
SEC Filings
Net Worth
Savings Account
Fixed-Rate Loan
4. Income before taxes
Cannibalizing assets
Annual Report
Savings Register
Gross Income
5. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Total Debt
Will
Loan Shark
Foreclosure
6. Bring into consonance or accord - to agree on terms
Reconcile
I-9
Billing Statement
Decison-making
7. Institution that functions much like a business - but does not operate for the purpose of generating profits
Index Fund
Profit
Nonprofit Organization
Pay Period
8. Give back (tax return)
Return
Installment Loan
Transaction
Bonds
9. Things that incite or spur to action; rewards or reasons for performing a task.
Bank Statement
Retirement Planning
Incentives
Exemptions
10. The amount accruing to the corporations owners
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11. A long-term loan extended to someone who buys property
Fixed-Rate Loan
Financial Goals
Mortage
Retirement Planning
12. The commercial activity of transporting and selling goods from a producer to a consumer
Stock Exchanges
Inflation
Distribution
Rent
13. The interest rate that a bond issuer will pay to a bondholder
Financial Needs
Market Capitalization
Coupon Rate
Transfer Payments
14. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Line of Credit
Deductible
Indirect Car Loan
Maintain
15. A record of checks written and deposits made in a checking account - kept by the depositor
Pay Period
Financial Goals
Adjustable-Rate Loan
Checkbook Register
16. A penalty for making a payment after the due date
Late Fee
Living Trust
401 K
Debit
17. Maintain by writing regular records
Maintain
Bankruptcy
Liability
Debit
18. 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.
Par Value
Transfer Payments
Allocation
Foreclosure
19. Place to create a savings account.
Coupon Rate
Debt Consolidation
Savings Register
SEC Filings
20. An automatic loan made to you if you write a check for more money than you have in your account
Premium
Decison-making
Credit
Overdraft protection
21. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Salary
Secured Loan
Stock Symbol
Compound Interest
22. Savings account that pays market rate or better interest and allows access to funds without penalty.
Shares Outstanding
Money Market Accounts
Salary
Interest Rate
23. The process of managing one's assets and wealth
Secured Debt
Wealth Management
Savings Account
Tax Liability
24. The date on which a financial obligation must be repaid
Secured Loan
Maturity Date
Foreclosure
Estate Planning
25. A business activity that changes assets - liabilities - or owner's equity
Resources
Transaction
Foreclosure
Cannibalizing assets
26. Place to create a savings account.
Usury
Savings Register
Interest
Exchange-Traded Funds
27. Funds that are often times traded through a stock exchange (NYSE)
Risk
Zero-Coupon Bond
On-Boarding
Exchange-Traded Funds
28. An obligation to pay money to another party
Unsecured Loan
dividends
Present Value
Liability
29. A loan backed by something valuable - such as property
Maintain
Secured Loan
Total Assets
Stock Symbol
30. 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
EDGAR
I-9
Financial Institution
Maturity Date
31. A regular payment to a person that iis intended to allow them to subsist without working
Pension
Nonprofit Organization
W-4
Financial Needs
32. A bank account that accumulates interest
Stockholders' Equity
Savings Account
Expenses
Identity Theft
33. The process of managing one's assets and wealth
Bonds
Self-Interest
Wealth Management
Debit
34. Items of personal interest to collectors that can increase in value in the future
Good Faith
Bond Rating
Allocation
Collectibles
35. A specific plan for spending your income
Profit
Trade-off
Personal Budget
Deductions
36. The money paid for employee services
401 K
Trade-off
Preferred Stock
Salary
37. An evaluation by a rating company of the probability that a particular bond issue will default
Debit
Bankruptcy
Overdraft protection
Bond Rating
38. Certificates that represent money the government has borrowed from private citizens
Certificates of Deposit
Bonds
Financial Goals
On-Boarding
39. Financial organization that pools people's money and invests it
SEC Filings
Mutual Funds
Net Worth
Lien
40. A general and progressive increase in prices
Income
Interest Rate
Opportunity Cost
Inflation
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.
Predatory Lending
Living Trust
Bankruptcy
Stock Symbol
42. A periodic statement prepared by a bank for each client
Billing Statement
Bank Statement
Pay Period
Yield
43. An accounting entry acknowledging sums that are owing
1040 tax form
401 K
Debit
Total Debt
44. The recipient of funds or other benefits
Maintain
Collectibles
Beneficiary
Asset Allocation
45. Production of a certain amount
Yield
On-Boarding
Bond Rating
Compound Interest
46. The money(usually a set amount) given to an individual to spend
Estate Planning
Liability
Incentives
Personal Allowances
47. The act of taking out money or other capital
Withdrawal
Adjustable-Rate Loan
Collectibles
Tax Liability
48. Can be found in a newspaper and shows information about popular stocks.
Tax Liability
Bond Rating
Stock Table
Interest Rate
49. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Inflation
Pay Period
Collectibles
Deductible
50. The date on which a financial obligation must be repaid
Transaction
Maturity Date
Savings Account
Bond Rating