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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 debt; something disadvantageous






2. The extent to which something is covered






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






4. Short-term and Long-term objectives that are driven by values.






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






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






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






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






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






10. Institution that functions much like a business - but does not operate for the purpose of generating profits






11. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)






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






13. A loan in which the rate can be altered to adjust to economical need






14. The period covered by a salary payment






15. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount






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






17. Limited quantities of resources to meet unlimited wants






18. The standard IRS form for individual tax returns.






19. The co-option of another person's personal information (e.g. - name - social security number - credit card number - passport) without that person's knowledge and the fraudulent use of such knowledge






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






21. Profits paid to investors






22. A general and progressive increase in prices






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






24. The recipient of funds or other benefits






25. The amount accruing to the corporations owners

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






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






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






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






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






31. 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.






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






33. A loan in which the rate can be altered to adjust to economical need






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






35. The act of taking out money or other capital






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






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






38. Production of a certain amount






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






40. A tax-deferred investment and savings plan that acts as a personal pension fund for employees






41. Arrangement for deferred payment for goods and services






42. Whatever must be given up to obtain some item






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






44. Electronic Funds Transfer






45. The apparent worth as opposed to the real worth






46. 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.






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






48. The rights of an individual to own - use - rent - invest in - buy - and sell property.






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






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







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