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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. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Transaction
Deductible
Financial Needs
Balance
2. Money paid to a worker
Wage
Time value of money
Foreclosure
Pension
3. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Opportunity Cost
Time value of money
Salary
Unsecured Debt
4. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
Line of Credit
Stock Symbol
401 K
Balance Sheet
5. A general and progressive increase in prices
Adjusted Gross Income
Credit
Inflation
Bonds
6. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Stockholders' Equity
Certificates of Deposit
EDGAR
dividends
7. An institution that issues something (securities or publications or currency etc.)
Issuer
Annual Report
Stockholders' Equity
Adjusted Gross Income
8. Shares of ownership in a company
Exemption
Liability
Money Market Accounts
Stocks
9. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Values
Mortage
Certificates of Deposit
Consequence
10. Is your gross income after certain reductions have been made
Predatory Lending
Credit
Adjusted Gross Income
Coupon Rate
11. An accounting entry acknowledging income or capital items
Checkbook Register
Stock Symbol
Credit
Direct Car Loan
12. All costs or bills related to the business
Expenses
Maturity Date
Net Worth
Good Faith
13. A payment given as a guarantee that an obligation will be met
Premium
Pension
Loan
Deposit
14. Give back (tax return)
Personal Budget
I-9
Return
APR
15. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Foreclosure
Preferred Stock
Maintain
Salary
16. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
Billing Statement
1040 EZ tax form
Statement of Cash Flows
Identity Theft
17. Making money for owning something
Resources
Secured Loan
Debit
Ownership Investments
18. Compute credits and debits of an account
Decison-making
Indirect Car Loan
Balance
Pay Period
19. 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
Risk
Bankruptcy
Exemptions
Coverage
20. Loan with equal number of payments of the same amount over a fixed period of time.
Rent
Investing
Installment Loan
W-4
21. Financial organization that pools people's money and invests it
Debt Consolidation
Preferred Stock
Mutual Funds
Stockholders' Equity
22. Place to create a savings account.
Savings Register
Wage
Tax Liability
Money Market Accounts
23. Business organizations that accommodate the buying and selling of securities.
Stock Exchanges
Unsecured Loan
Vesting
Good Faith
24. Items of personal interest to collectors that can increase in value in the future
Income Statement
Financial Goals
Collectibles
Gross Income
25. The time interval between the deposit of a check in a bank and its payment
Loan
Debt Consolidation
Float
Balance
26. Financial organization that pools people's money and invests it
Adjustable-Rate Loan
Mutual Funds
401 K
Collectibles
27. Preparing a plan for transferring property during one's lifetime and at one's death
Money Market Accounts
Estate Planning
Time value of money
Balance Sheet
28. Loan with equal number of payments of the same amount over a fixed period of time.
Installment Loan
Compound Interest
Cannibalizing assets
Fixed-Rate Loan
29. Bring into consonance or accord - to agree on terms
Reconcile
Values
Transaction Fee
Mutual Funds
30. The standard IRS form for individual tax returns.
Predatory Lending
1040 tax form
Balance
Inflation
31. Debt backed by a mortgage - pledge of collateral - or other lien; debt for which the creditor has the right to pursue specific pledged property upon default. Examples include home mortgages - auto loans and tax liens.
Secured Debt
Annual Report
Disclosure
Premium
32. Savings account that pays market rate or better interest and allows access to funds without penalty.
Withdrawal
Adjustable-Rate Loan
Interest
Money Market Accounts
33. Concern for ones own well being and advantages
Investing
Opportunity Cost
Self-Interest
Unsecured Loan
34. The recipient of funds or other benefits
Loan
Beneficiary
Balance
Lending Investments
35. Compute credits and debits of an account
Shares Outstanding
Deposit
Balance
401 K
36. A debt; something disadvantageous
Withdrawal
Interest-Only Loan
Lending Investments
Liability
37. The amount accruing to the corporations owners
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38. Something that is made open or revealed
Disclosure
Secured Loan
Insurance
Savings Account
39. Making money for owning something
Ownership Investments
Yield
Vesting
Late Fee
40. The extent to which something is covered
Lending Investments
Asset
Coverage
Personal Budget
41. Electronic Funds Transfer
Property Rights
Transaction Fee
EFT
Scarcity
42. Financial reports that summarize the financial condition and operations of a business
Financial Statements
Installment Loan
Deductions
Insurance
43. An accounting entry acknowledging sums that are owing
Financial Needs
Coverage
Debit
Expenses
44. Income on which tax must be paid; total income minus exemptions and deductions
Liability
Taxable Income
Saving
Float
45. Maintain by writing regular records
Maintain
Installment Loan
Statement of Cash Flows
Coupon Rate
46. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Profit
W-4
Values
Probate
47. A delay in enforcing rights or claims or privileges
Insolvent
Stock Exchanges
Collectibles
Forbearance
48. A loan where the payment is acheived through interest
Coupon Rate
Will
Collectibles
Interest-Only Loan
49. The shares available to sell/buy
SEC Filings
Retirement Planning
Shares Outstanding
Total Assets
50. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.
Net Worth
Payday Loan
Exchange-Traded Funds
Indirect Car Loan