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






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






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






4. A yearly statement of the financial condition - progress - and expectations of an organization






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






6. Business organizations that accommodate the buying and selling of securities.






7. Place to create a savings account.






8. Receiving money for loaning money






9. A loan in which the rate can be altered to adjust to economical need






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






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






12. The shares available to sell/buy






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






14. 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






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






16. Can be found in a newspaper and shows information about popular stocks.






17. Limited quantities of resources to meet unlimited wants






18. 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.






19. 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.






20. 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.






21. Whatever must be given up to obtain some item






22. Anything that is used to produce goods or services






23. Maintain by writing regular records






24. Something of value; a resource; an advantage






25. 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.






26. 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






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






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






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






30. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.






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






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






33. The date on which a financial obligation must be repaid






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






35. The commercial activity of transporting and selling goods from a producer to a consumer






36. Anything that is used to produce goods or services






37. The right to take another's property if an obligation is not discharged






38. The amount of tax owed






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






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






41. All costs or bills related to the business






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






43. Protection against future loss






44. A debt; something disadvantageous






45. A general and progressive increase in prices






46. 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






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






48. The money(usually a set amount) given to an individual to spend






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






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