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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. The process of managing one's assets and wealth






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






3. Maintain by writing regular records






4. Someone who lends money at excessive rates of interest






5. Money paid to a worker






6. The shares available to sell/buy






7. An accounting entry acknowledging income or capital items






8. Funds that pay part of their distributions out of principal cannibalize their assets. This depletes the fund's asset base. Funds cannibalize assets to maintain a dividend and keep shareholders happy. However - like feeding a cow its own milk - this p






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






10. Certificates that represent money the government has borrowed from private citizens






11. An accounting entry acknowledging sums that are owing






12. Production of a certain amount






13. A long-term loan extended to someone who buys property






14. 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






15. Loan where the lender goes through the borrower






16. Total assets minus total liabilities






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






18. An act of economizing






19. Anything that is used to produce goods or services






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






21. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy






22. The value of a security that is set by the company issuing it






23. The extent to which something is covered






24. The maximum credit that a customer is allowed






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






26. Certificates that represent money the government has borrowed from private citizens






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






28. Funds that pay part of their distributions out of principal cannibalize their assets. This depletes the fund's asset base. Funds cannibalize assets to maintain a dividend and keep shareholders happy. However - like feeding a cow its own milk - this p






29. A venture undertaken without regard to possible loss or injury






30. Give back (tax return)






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






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






33. The money(usually a set amount) given to an individual to spend






34. Income before taxes






35. Maintain by writing regular records






36. Loan deal in which the actual lender may not be known to the borrower.






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






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






39. The value of a security that is set by the company issuing it






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






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






42. The apparent worth as opposed to the real worth






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






44. By planning ahead you can ensure financial stability during your retirement.






45. A venture undertaken without regard to possible loss or injury






46. Stock other than preferred stock






47. 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






48. 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






49. A general and progressive increase in prices






50. Shares of ownership in a company







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