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






2. Programs aimed at helping employees integrate - assimilate - and transition to new jobs






3. Can be found in a newspaper and shows information about popular stocks.






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






5. Limited quantities of resources to meet unlimited wants






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






7. The recipient of funds or other benefits






8. Loan where the lender goes through the borrower






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






10. Compute credits and debits of an account






11. Someone who lends money at excessive rates of interest






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






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






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






15. A bank account that accumulates interest






16. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received






17. Having honest intentions






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






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






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






21. The extent to which something is covered






22. An obligation to pay money to another party






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






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






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






26. A loan that is paid off in a fixed rate over a period of time






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






28. This stands for annual percentage rate - which is a number calculated by taking into account the total cost of the loan - including what the borrower will pay in interest; this makes it easier to compare different loan offers






29. Someone who has insufficient assets to cover their debts






30. 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.






31. A person appointed by a testator to carry out the terms of the will






32. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.






33. Arrangement for deferred payment for goods and services






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






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






36. Receiving money for loaning money






37. An act of economizing






38. An estimation of the value of a business that is obtained by multiplying the number of shares outstanding by the current price of a share






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






40. Give back (tax return)






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






42. A delay in enforcing rights or claims or privileges






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






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






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






46. Something of value; a resource; an advantage






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






48. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index






49. A legal document declaring a person's wishes regarding the disposal of their property when they die






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