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. The time interval between the deposit of a check in a bank and its payment






2. Give back (tax return)






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






4. The amount accruing to the corporations owners


5. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation






6. Grant use or occupation of under a term of contract






7. The shares available to sell/buy






8. A delay in enforcing rights or claims or privileges






9. Income before taxes






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






11. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)






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






13. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month






14. Compute credits and debits of an account






15. Production of a certain amount






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






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






18. The right to take another's property if an obligation is not discharged






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






20. Income before taxes






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






22. The act of taking out money or other capital






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






24. Maintain by writing regular records






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






26. An obligation to pay money to another party






27. A general and progressive increase in prices






28. Anything that is used to produce goods or services






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






30. The money paid for employee services






31. A bank account that accumulates interest






32. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time






33. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements






34. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time






35. Payment for insurance






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






37. A fixed charge for borrowing money






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






39. Profits paid to investors






40. A bond with zero discounts






41. Business organizations that accommodate the buying and selling of securities.






42. 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.






43. Shares of ownership in a company






44. 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






45. 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.






46. Financial reports that summarize the financial condition and operations of a business






47. Someone who has insufficient assets to cover their debts






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






49. Concern for ones own well being and advantages






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