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Test your basic knowledge |
Wealth Management
Start Test
Study First
Subjects
:
personal-finance
,
business-skills
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. Financial reports that summarize the financial condition and operations of a business
Opportunity Cost
Lien
Loan Shark
Financial Statements
2. Diagnosis Codes (in CCB Popup if more then 5 codes)
I-9
Interest Rate
FICA
Living Trust
3. The distribution of investment funds among broad classes of assets.
Maintain
Net Income
Asset Allocation
Payday Loan
4. The act of taking out money or other capital
Estate Planning
Withdrawal
Secured Loan
Saving
5. 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
Market Capitalization
Return
Debit
Vesting
6. An amount of money given to the borrower for a set period of time. After the set time has passed - the money must be paid back plus the lending fee - called interest. Payments are normally made over a series of months.
APR
Loan
Allocation
Bonds
7. The percentage of a sum of money charged for its use
Issuer
Interest Rate
Loan
Coverage
8. The right to take another's property if an obligation is not discharged
Preferred Stock
SEC Filings
Pension
Lien
9. The financial gain (earned or unearned) accruing over a given period of time
Secured Debt
Income
Property Rights
Issuer
10. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
Will
On-Boarding
Transfer Payments
Stocks
11. A loan in which the rate can be altered to adjust to economical need
Tax Liability
Adjustable-Rate Loan
Bond Rating
Shares Outstanding
12. Financial organization that pools people's money and invests it
Checkbook Register
Mutual Funds
Credit
Lien
13. An evaluation by a rating company of the probability that a particular bond issue will default
Nonprofit Organization
Bond Rating
Indirect Car Loan
Insolvent
14. A delay in enforcing rights or claims or privileges
Savings Account
Forbearance
Bank Statement
Interest Rate
15. 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
Deductible
Wage
Opportunity Cost
APR
16. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index
Exemption
Bonds
Index Fund
Secured Debt
17. The apparent worth as opposed to the real worth
Consequence
Face Value
Stocks
Deposit
18. The act of committing money or capital to an endeavor (a business - project - real estate - etc.) with the expectation of obtaining an additional income or profit.
Interest Rate
Investing
Mutual Funds
Par Value
19. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Total Debt
Foreclosure
Unsecured Debt
Certificates of Deposit
20. A legal document declaring a person's wishes regarding the disposal of their property when they die
Will
Premium
Ownership Investments
Asset Allocation
21. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
Gross Income
Billing Statement
Stock Symbol
Interest Rate
22. 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
Identity Theft
Secured Loan
Lien
Financial Needs
23. Someone who has insufficient assets to cover their debts
Exemption
Profit
Insolvent
Loan
24. Arrangement for deferred payment for goods and services
Executor
Trade-off
Credit
1040 tax form
25. A long-term loan extended to someone who buys property
Maturity Date
Mutual Funds
Lien
Mortage
26. Payment for insurance
Self-Interest
Salary
Foreclosure
Premium
27. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.
Phishing
Financial Goals
Asset
Living Trust
28. The amount accruing to the corporations owners
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29. The commercial activity of transporting and selling goods from a producer to a consumer
Annual Report
Distribution
Withdrawal
Reconcile
30. The standard IRS form for individual tax returns.
1040 tax form
Asset
Float
Interest Rate
31. The process of managing one's assets and wealth
Adjustable-Rate Loan
Overdraft protection
Wealth Management
Par Value
32. 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
FICA
dividends
Annual Fee
Probate
33. The time interval between the deposit of a check in a bank and its payment
Float
Maturity Date
Maintain
Credit
34. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
EDGAR
Exemption
Estate Planning
1040 EZ tax form
35. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Deductions
Adjusted Gross Income
Foreclosure
Withdrawal
36. Business organizations that accommodate the buying and selling of securities.
Stock Exchanges
Index Fund
Net Worth
Income
37. Is your gross income after certain reductions have been made
Interest-Only Loan
Stockholders' Equity
Adjusted Gross Income
Personal Budget
38. The period covered by a salary payment
Interest
Exemption
Pay Period
Retirement Planning
39. A regular payment to a person that iis intended to allow them to subsist without working
Compound Interest
Common Stock
Phishing
Pension
40. Grant use or occupation of under a term of contract
Money Market Accounts
Rent
Values
1040 EZ tax form
41. Bring into consonance or accord - to agree on terms
Vesting
Stockholders' Equity
Money Market Accounts
Reconcile
42. Maintain by writing regular records
Financial Institution
Payday Loan
Maintain
W-4
43. Having honest intentions
Good Faith
Savings Account
Executor
Disclosure
44. Someone who has insufficient assets to cover their debts
Saving
Bond Rating
Liability
Insolvent
45. Having honest intentions
Wealth Management
Good Faith
Balance
Secured Loan
46. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.
Liability
Statement of Cash Flows
Saving
Insurance
47. A loan that is paid off in a fixed rate over a period of time
Unsecured Debt
Forbearance
Expenses
Fixed-Rate Loan
48. 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.
Transaction
Annual Report
Secured Debt
Late Fee
49. An act of economizing
Securities
Saving
Transaction
Securities
50. Any of a number of fraudulent - deceptive - discriminatory - or unfavorable lending practices. Many of these practices are illegal - while others are legal but not in the best interest of the borrowers.
Resources
Insurance
Secured Loan
Predatory Lending