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






2. A share set aside for a specific purpose






3. The recipient of funds or other benefits






4. Limited quantities of resources to meet unlimited wants






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






6. The commercial activity of transporting and selling goods from a producer to a consumer






7. Beliefs of a person or social group in which they have an emotional investment (either for or against something)






8. Having honest intentions






9. An accounting entry acknowledging income or capital items






10. 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






11. The commercial activity of transporting and selling goods from a producer to a consumer






12. Money paid to a worker






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






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






15. Financial organization that pools people's money and invests it






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






17. 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.






18. Interest calculated on both the principal and the accrued interest






19. A loan backed by something valuable - such as property






20. Profits paid to investors






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






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






23. Whatever must be given up to obtain some item






24. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets






25. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights






26. Funds that are often times traded through a stock exchange (NYSE)






27. Shares of ownership in a company






28. A debt; something disadvantageous






29. All costs or bills related to the business






30. Income on which tax must be paid; total income minus exemptions and deductions






31. Is your gross income after certain reductions have been made






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






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






34. A periodic statement prepared by a bank for each client






35. A fixed charge for borrowing money






36. An accounting entry acknowledging sums that are owing






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






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






39. Maintain by writing regular records






40. Something of value; a resource; an advantage






41. The act of reducing the selling price of merchandise






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






43. Savings account that pays market rate or better interest and allows access to funds without penalty.






44. Income before taxes






45. Income before taxes






46. An extra charge for various credit activities such as using an ATM or receiving a cash advance






47. 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






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






49. Compute credits and debits of an account






50. Diagnosis Codes (in CCB Popup if more then 5 codes)