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 that is paid off in a fixed rate over a period of time






2. An obligation to pay money to another party






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






4. Something of value; a resource; an advantage






5. 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.






6. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money






7. An extra charge for various credit activities such as using an ATM or receiving a cash advance






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






9. An amount that credit card companies can charge for the use of a credit card.






10. Payment for insurance






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






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






13. The shares available to sell/buy






14. Having honest intentions






15. Stock other than preferred stock






16. Whatever must be given up to obtain some item






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






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






19. 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






20. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy






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






22. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group






23. The outcome of an event especially as relative to an individual






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






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






26. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group






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






28. A legal document declaring a person's wishes regarding the disposal of their property when they die






29. Money paid to a worker






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






31. Protection against future loss






32. 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






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






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






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






36. 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






37. Loan where the lender goes through the borrower






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






39. A share set aside for a specific purpose






40. The period covered by a salary payment






41. Place to create a savings account.






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






43. 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






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






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






46. Bring into consonance or accord - to agree on terms






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






48. A delay in enforcing rights or claims or privileges






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






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