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. A loan where the payment is acheived through interest






2. An accounting entry acknowledging income or capital items






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






4. A share set aside for a specific purpose






5. A delay in enforcing rights or claims or privileges






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






7. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company






8. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements






9. Money paid to a worker






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






11. Loan with equal number of payments of the same amount over a fixed period of time.






12. Compute credits and debits of an account






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






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






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






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






17. Receiving money for loaning money






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






19. Concern for ones own well being and advantages






20. 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.






21. Loan where the lender goes through the borrower






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






23. An evaluation by a rating company of the probability that a particular bond issue will default






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






25. 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






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






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






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






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






30. Someone who lends money at excessive rates of interest






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






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






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






35. Immunity from a general burden - tax or charge; in bankruptcy or judgment executions - that portion of the debtor's property that cannot be liquidiated and applied to her debts






36. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.






37. 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.






38. The apparent worth as opposed to the real worth






39. Whatever must be given up to obtain some item






40. An evaluation by a rating company of the probability that a particular bond issue will default






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






42. 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






43. Income before taxes






44. The date on which a financial obligation must be repaid






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






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. Profits paid to investors






48. All costs or bills related to the business






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






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