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 tax-deferred investment and savings plan that acts as a personal pension fund for employees






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






3. Anything that is used to produce goods or services






4. A regular payment to a person that iis intended to allow them to subsist without working






5. Protection against future loss






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






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






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






9. 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






10. Give back (tax return)






11. A bond with zero discounts






12. The time interval between the deposit of a check in a bank and its payment






13. The process of making a decision - usually complex






14. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month






15. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure






16. Electronic Funds Transfer






17. The rights of an individual to own - use - rent - invest in - buy - and sell property.






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






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






20. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail






21. Any of a number of fraudulent - deceptive - discriminatory - or unfavorable lending practices. Many of these practices are illegal - while others are legal but not in the best interest of the borrowers.






22. The money paid for employee services






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






24. A delay in enforcing rights or claims or privileges






25. The withholding form each new employee fills out - stating the number of exemptions. the more exemptions listed - the less withholding tax will be taken from the paycheck.






26. Beliefs of a person or social group in which they have an emotional investment (either for or against something)






27. Concern for ones own well being and advantages






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






29. 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






30. The shares available to sell/buy






31. A bank account that accumulates interest






32. Production of a certain amount






33. 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.






34. A fixed charge for borrowing money






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






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






37. The act of taking out money or other capital






38. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets






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






40. An act of economizing






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






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






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






44. An obligation to pay money to another party






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






46. The amount accruing to the corporations owners

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47. Arrangement for deferred payment for goods and services






48. The amount of tax owed






49. Certificates that represent money the government has borrowed from private citizens






50. The maximum credit that a customer is allowed