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 institution that issues something (securities or publications or currency etc.)






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






3. Limited quantities of resources to meet unlimited wants






4. Stock other than preferred stock






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






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






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






8. A general and progressive increase in prices






9. Concern for ones own well being and advantages






10. The economical needs of an individual






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






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






13. Electronic Funds Transfer






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






15. The extent to which something is covered






16. Maintain by writing regular records






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






18. Receiving money for loaning money






19. Grant use or occupation of under a term of contract






20. 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






21. Cash payments made by the government to people who do not supply goods - services - or labor in exchange for these payments. They include Social Security benefits - veterans' benefits - and welfare payments.






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






23. Money paid to a worker






24. 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






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






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






27. 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






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






29. Concern for ones own well being and advantages






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






31. 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.






32. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time






33. The distribution of investment funds among broad classes of assets.






34. Simplified IRS tax form which some individuals can file instead of the 1040 form.






35. An automatic loan made to you if you write a check for more money than you have in your account






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






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






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






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






40. Income before taxes






41. 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






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






43. Place to create a savings account.






44. Something that is made open or revealed






45. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time






46. Place to create a savings account.






47. A loan backed by something valuable - such as property






48. A penalty for making a payment after the due date






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






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