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






2. 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.






3. A yearly statement of the financial condition - progress - and expectations of an organization






4. The act of lending money at an exorbitant rate of interest






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






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






7. Loan with equal number of payments of the same amount over a fixed period of time.






8. Stock other than preferred stock






9. Bring into consonance or accord - to agree on terms






10. The process of managing one's assets and wealth






11. Payment for insurance






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






13. Compute credits and debits of an account






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






15. The financial gain (earned or unearned) accruing over a given period of time






16. All costs or bills related to the business






17. A general and progressive increase in prices






18. The period covered by a salary payment






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






20. Someone who lends money at excessive rates of interest






21. An obligation to pay money to another party






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






23. Something that is made open or revealed






24. Profits paid to investors






25. The standard IRS form for individual tax returns.






26. A specific plan for spending your income






27. Something that is made open or revealed






28. A share set aside for a specific purpose






29. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy






30. Funds that pay part of their distributions out of principal cannibalize their assets. This depletes the fund's asset base. Funds cannibalize assets to maintain a dividend and keep shareholders happy. However - like feeding a cow its own milk - this p






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






32. Stock other than preferred stock






33. Total assets minus total liabilities






34. Place to create a savings account.






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






36. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail






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






38. Maintain by writing regular records






39. Simplified IRS tax form which some individuals can file instead of the 1040 form.






40. The maximum credit that a customer is allowed






41. Items of personal interest to collectors that can increase in value in the future






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






43. A business activity that changes assets - liabilities - or owner's equity






44. The process of managing one's assets and wealth






45. The distribution of investment funds among broad classes of assets.






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






47. Someone who lends money at excessive rates of interest






48. Whatever must be given up to obtain some item






49. A business activity that changes assets - liabilities - or owner's equity






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