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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. Loan with equal number of payments of the same amount over a fixed period of time.
Retirement Planning
Index Fund
Installment Loan
Net Worth
2. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received
Adjusted Gross Income
Vesting
Net Income
Identity Theft
3. Simplified IRS tax form which some individuals can file instead of the 1040 form.
1040 EZ tax form
Forbearance
Pay Period
Asset Allocation
4. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Total Assets
Preferred Stock
Profit
Mutual Funds
5. By planning ahead you can ensure financial stability during your retirement.
Retirement Planning
Deduction
Indirect Car Loan
Stock Symbol
6. Bring into consonance or accord - to agree on terms
Reconcile
Will
Pension
Financial Statements
7. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt
Checkbook Register
Opportunity Cost
Debt Consolidation
Risk
8. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Balance
Foreclosure
dividends
Financial Statements
9. The date on which a financial obligation must be repaid
SEC Filings
Lien
Time value of money
Maturity Date
10. The period covered by a salary payment
Distribution
Transfer Payments
Pay Period
Income Statement
11. A penalty for making a payment after the due date
Late Fee
Net Income
Distribution
Stock Exchanges
12. The time interval between the deposit of a check in a bank and its payment
Float
Lending Investments
Financial Institution
Personal Allowances
13. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Interest
Transfer Payments
Index Fund
Deductible
14. A fixed charge for borrowing money
Interest
Allocation
Shares Outstanding
Phishing
15. The interest rate that a bond issuer will pay to a bondholder
Debit
Interest-Only Loan
Coupon Rate
Stock Table
16. The money(usually a set amount) given to an individual to spend
Profit
Liability
Self-Interest
Personal Allowances
17. A share set aside for a specific purpose
Return
Phishing
Market Capitalization
Allocation
18. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
On-Boarding
Late Fee
Incentives
Allocation
19. Limited quantities of resources to meet unlimited wants
Insolvent
Index Fund
Scarcity
Deductions
20. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Float
Profit
Deductible
Float
21. Loan with equal number of payments of the same amount over a fixed period of time.
Installment Loan
Fixed-Rate Loan
Securities
Financial Institution
22. Someone who has insufficient assets to cover their debts
Payday Loan
Line of Credit
Usury
Insolvent
23. 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.
Nonprofit Organization
Lending Investments
Loan
Total Assets
24. 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.
Time value of money
Interest Rate
Taxable Income
Debt Consolidation
25. The money paid for employee services
Money Market Accounts
Salary
Allocation
401 K
26. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index
Financial Statements
Index Fund
Stockholders' Equity
Stocks
27. An automatic loan made to you if you write a check for more money than you have in your account
Pension
Overdraft protection
Bonds
Total Debt
28. Place to create a savings account.
Indirect Car Loan
Income Statement
Retirement Planning
Savings Register
29. An evaluation by a rating company of the probability that a particular bond issue will default
Bond Rating
Coupon Rate
SEC Filings
Secured Loan
30. The period covered by a salary payment
Pay Period
Insolvent
Zero-Coupon Bond
Deductions
31. Funds that are often times traded through a stock exchange (NYSE)
Coverage
Index Fund
Par Value
Exchange-Traded Funds
32. Having honest intentions
Money Market Accounts
Investing
Good Faith
Interest
33. The value of a security that is set by the company issuing it
Bank Statement
Line of Credit
Net Income
Par Value
34. Debt backed by a mortgage - pledge of collateral - or other lien; debt for which the creditor has the right to pursue specific pledged property upon default. Examples include home mortgages - auto loans and tax liens.
Net Worth
Interest Rate
Secured Debt
Asset Allocation
35. An institution that issues something (securities or publications or currency etc.)
Withdrawal
Balance Sheet
Issuer
Deductions
36. A yearly statement of the financial condition - progress - and expectations of an organization
Compound Interest
Indirect Car Loan
Annual Report
Zero-Coupon Bond
37. A loan backed by something valuable - such as property
Secured Loan
Values
Overdraft protection
Present Value
38. Savings account that pays market rate or better interest and allows access to funds without penalty.
Money Market Accounts
Disclosure
I-9
Stockholders' Equity
39. Receiving money for loaning money
Lending Investments
Taxable Income
401 K
Coupon Rate
40. Things that incite or spur to action; rewards or reasons for performing a task.
Deductible
Incentives
Savings Register
Will
41. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Opportunity Cost
Time value of money
Allocation
Adjusted Gross Income
42. Protection against future loss
Personal Allowances
Direct Car Loan
Insurance
Checkbook Register
43. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Zero-Coupon Bond
Unsecured Debt
Indirect Car Loan
Financial Institution
44. A debt not backed by specific property to satisfy the indebtedness in case of default.
Unsecured Debt
Predatory Lending
dividends
Mutual Funds
45. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.
Liability
Checkbook Register
Money Market Accounts
Payday Loan
46. Can be found in a newspaper and shows information about popular stocks.
Beneficiary
Stock Table
Loan
Bond Rating
47. A loan that is paid off in a fixed rate over a period of time
Loan
Credit
Fixed-Rate Loan
Nonprofit Organization
48. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
Billing Statement
Money Market Accounts
EFT
Cash
49. A loan in which the rate can be altered to adjust to economical need
Stocks
Mutual Funds
Adjustable-Rate Loan
Insolvent
50. A penalty for making a payment after the due date
APR
Estate Planning
Late Fee
Opportunity Cost