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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. Funds that are often times traded through a stock exchange (NYSE)
Balance
Balance Sheet
Exchange-Traded Funds
Identity Theft
2. Items of personal interest to collectors that can increase in value in the future
Cannibalizing assets
SEC Filings
Shares Outstanding
Collectibles
3. Income on which tax must be paid; total income minus exemptions and deductions
1040 EZ tax form
Beneficiary
Taxable Income
Securities
4. A payment given as a guarantee that an obligation will be met
Deductible
Deposit
Common Stock
Yield
5. Stock other than preferred stock
Executor
Common Stock
SEC Filings
Issuer
6. 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.
Deposit
Investing
Phishing
EFT
7. The time interval between the deposit of a check in a bank and its payment
Tax Liability
Estate Planning
Float
Investing
8. Electronic Funds Transfer
Financial Statements
EFT
Interest Rate
Premium
9. A debt not backed by specific property to satisfy the indebtedness in case of default.
Expenses
Unsecured Debt
Mutual Funds
Bond Rating
10. A payment given as a guarantee that an obligation will be met
Deposit
Adjustable-Rate Loan
Executor
Salary
11. A loan that is paid off in a fixed rate over a period of time
Values
W-4
Coupon Rate
Fixed-Rate Loan
12. The amount accruing to the corporations owners
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13. 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.
Mortage
Investing
Exchange-Traded Funds
Deduction
14. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.
SEC Filings
Lien
Interest
Insurance
15. Interest calculated on both the principal and the accrued interest
Probate
1040 EZ tax form
Preferred Stock
Compound Interest
16. Someone who lends money at excessive rates of interest
Balance Sheet
Tax Liability
Loan Shark
dividends
17. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Coupon Rate
Deductible
Saving
FICA
18. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received
Exchange-Traded Funds
Return
Statement of Cash Flows
Net Income
19. The extent to which something is covered
Mutual Funds
Index Fund
Coverage
Unsecured Loan
20. A bank account that accumulates interest
Bankruptcy
Money Market Accounts
Liability
Savings Account
21. Simplified IRS tax form which some individuals can file instead of the 1040 form.
1040 EZ tax form
Probate
Issuer
Property Rights
22. Concern for ones own well being and advantages
Trade-off
Mutual Funds
Self-Interest
SEC Filings
23. Profits paid to investors
Return
dividends
W-4
Net Income
24. The act of lending money at an exorbitant rate of interest
Lending Investments
Opportunity Cost
Savings Account
Usury
25. Having honest intentions
Mutual Funds
Good Faith
Tax Liability
Loan
26. Payment for insurance
Zero-Coupon Bond
Premium
Transfer Payments
Annual Report
27. The financial gain (earned or unearned) accruing over a given period of time
Income
Maturity Date
Liability
Reconcile
28. An extra charge for various credit activities such as using an ATM or receiving a cash advance
Transaction Fee
Inflation
Lien
Time value of money
29. By planning ahead you can ensure financial stability during your retirement.
Trade-off
Phishing
Reconcile
Retirement Planning
30. The money paid for employee services
Financial Institution
Salary
Collectibles
Consequence
31. The rights of an individual to own - use - rent - invest in - buy - and sell property.
Disclosure
Balance Sheet
Property Rights
Saving
32. Institution that functions much like a business - but does not operate for the purpose of generating profits
Nonprofit Organization
Financial Goals
Asset Allocation
1040 EZ tax form
33. Shares of ownership in a company
401 K
APR
Balance
Stocks
34. The amount accruing to the corporations owners
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35. An amount that credit card companies can charge for the use of a credit card.
Annual Fee
Collectibles
Wage
Total Assets
36. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Total Debt
EFT
Ownership Investments
Beneficiary
37. Electronic Data Gathering Analysis and Retrieval - the electronic system used by the SEC to enable investors to search electronically for financial reports filed by individual companies
EDGAR
Statement of Cash Flows
Debt Consolidation
Collectibles
38. A legal document declaring a person's wishes regarding the disposal of their property when they die
Transfer Payments
I-9
Fixed-Rate Loan
Will
39. A tax-deferred investment and savings plan that acts as a personal pension fund for employees
Distribution
FICA
401 K
Financial Institution
40. Protection against future loss
Insurance
Financial Needs
Financial Statements
Billing Statement
41. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
Balance
Withdrawal
On-Boarding
Resources
42. The economical needs of an individual
Time value of money
Indirect Car Loan
Financial Needs
Exemptions
43. A delay in enforcing rights or claims or privileges
Saving
Forbearance
Line of Credit
Risk
44. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Usury
Preferred Stock
Insurance
Executor
45. Give back (tax return)
Transaction
Foreclosure
I-9
Return
46. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt
Ownership Investments
Debt Consolidation
I-9
Property Rights
47. The commercial activity of transporting and selling goods from a producer to a consumer
Stocks
Total Debt
Distribution
Property Rights
48. Loan deal in which the actual lender may not be known to the borrower.
Indirect Car Loan
Beneficiary
Financial Statements
Cannibalizing assets
49. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Par Value
Predatory Lending
APR
Exemption
50. The interest rate that a bond issuer will pay to a bondholder
Insurance
Compound Interest
Coupon Rate
Probate