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 money paid for employee services






2. Money paid to a worker






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






4. A specific plan for spending your income






5. A share set aside for a specific purpose






6. A fixed charge for borrowing money






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






8. A specific plan for spending your income






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






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






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






12. Give back (tax return)






13. Payment for insurance






14. The act of taking out money or other capital






15. The extent to which something is covered






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






17. Limited quantities of resources to meet unlimited wants






18. The act of reducing the selling price of merchandise






19. Something that is made open or revealed






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






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






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






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






24. Place to create a savings account.






25. The recipient of funds or other benefits






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






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






28. An exchange that occurs as a compromise






29. 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.






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






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






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






33. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)






34. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt






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






36. An obligation to pay money to another party






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






38. The process of making a decision - usually complex






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






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






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






42. 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.






43. A record of checks written and deposits made in a checking account - kept by the depositor






44. A bank account that accumulates interest






45. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure






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






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






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






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






50. Give back (tax return)