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Test your basic knowledge |
Wealth Management
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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. Loan deal in which the actual lender may not be known to the borrower.
Liability
Coverage
Indirect Car Loan
Stocks
2. Making money for owning something
Late Fee
Credit
Ownership Investments
Insolvent
3. The apparent worth as opposed to the real worth
Property Rights
Tax Liability
SEC Filings
Face Value
4. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Compound Interest
APR
Profit
Incentives
5. The economical needs of an individual
Annual Fee
Balance Sheet
Asset Allocation
Financial Needs
6. The amount of tax owed
Transaction Fee
Maturity Date
Tax Liability
Predatory Lending
7. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Asset
Securities
Interest Rate
Exemptions
8. Total assets minus total liabilities
FICA
Net Worth
Adjusted Gross Income
Allocation
9. Institution that functions much like a business - but does not operate for the purpose of generating profits
Nonprofit Organization
Unsecured Debt
Net Worth
Transaction Fee
10. The money paid for employee services
EFT
Stock Exchanges
Salary
Issuer
11. A debt not backed by specific property to satisfy the indebtedness in case of default.
1040 tax form
Unsecured Debt
401 K
Bankruptcy
12. A bond with zero discounts
Resources
Billing Statement
Allocation
Zero-Coupon Bond
13. 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.
Savings Account
Adjustable-Rate Loan
Taxable Income
W-4
14. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.
Trade-off
Personal Budget
SEC Filings
Interest Rate
15. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt
Investing
Debt Consolidation
Deductible
Stockholders' Equity
16. Concern for ones own well being and advantages
Stockholders' Equity
Predatory Lending
Personal Allowances
Self-Interest
17. 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
Adjustable-Rate Loan
FICA
Insolvent
EDGAR
18. Income before taxes
Lending Investments
Premium
Interest Rate
Gross Income
19. Financial organization that pools people's money and invests it
Opportunity Cost
Maintain
Mutual Funds
Good Faith
20. A business activity that changes assets - liabilities - or owner's equity
Income
Distribution
Par Value
Transaction
21. Someone who has insufficient assets to cover their debts
Insolvent
Late Fee
Adjustable-Rate Loan
Savings Register
22. Savings account that pays market rate or better interest and allows access to funds without penalty.
Money Market Accounts
Predatory Lending
Stocks
Allocation
23. Electronic Funds Transfer
EFT
Loan Shark
Compound Interest
Scarcity
24. Something that is made open or revealed
Personal Allowances
Values
Predatory Lending
Disclosure
25. Loan with equal number of payments of the same amount over a fixed period of time.
Stockholders' Equity
Coupon Rate
Adjusted Gross Income
Installment Loan
26. The percentage of a sum of money charged for its use
Interest Rate
Time value of money
Bonds
Fixed-Rate Loan
27. Receiving money for loaning money
Rent
Lending Investments
Coverage
Debit
28. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Certificates of Deposit
Bonds
Issuer
Cannibalizing assets
29. Maintain by writing regular records
Debt Consolidation
Direct Car Loan
Maintain
Loan
30. A loan that is paid off in a fixed rate over a period of time
Fixed-Rate Loan
Shares Outstanding
Certificates of Deposit
1040 tax form
31. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt
Debt Consolidation
Adjusted Gross Income
Payday Loan
Bonds
32. 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.
Mutual Funds
Transaction
Credit
Interest Rate
33. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Financial Needs
Interest
Asset Allocation
Financial Institution
34. The amount of money you would need to deposit now in order to attain a desired amount in the future
Present Value
Forbearance
1040 tax form
Loan Shark
35. An obligation to pay money to another party
Statement of Cash Flows
Personal Budget
Liability
Insolvent
36. The maximum credit that a customer is allowed
W-4
Line of Credit
Maintain
Insurance
37. An exchange that occurs as a compromise
Adjusted Gross Income
I-9
Self-Interest
Trade-off
38. A periodic statement prepared by a bank for each client
Bank Statement
Beneficiary
Stock Exchanges
Identity Theft
39. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
Scarcity
Credit
On-Boarding
Vesting
40. Arrangement for deferred payment for goods and services
Deductions
Pay Period
Credit
Money Market Accounts
41. The amount of tax owed
Tax Liability
Stocks
Unsecured Loan
Float
42. Place to create a savings account.
Usury
Savings Register
Predatory Lending
Financial Institution
43. Payment for insurance
Deduction
Consequence
Premium
Profit
44. A penalty for making a payment after the due date
Payday Loan
Late Fee
Checkbook Register
Mutual Funds
45. The financial gain (earned or unearned) accruing over a given period of time
Insolvent
Debit
Income
Vesting
46. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
FICA
Preferred Stock
Insolvent
Estate Planning
47. Loan deal in which the actual lender may not be known to the borrower.
Foreclosure
Credit
Bond Rating
Indirect Car Loan
48. Stock other than preferred stock
Salary
Common Stock
Deductions
Personal Allowances
49. A legal document declaring a person's wishes regarding the disposal of their property when they die
Insurance
Gross Income
Will
Tax Liability
50. Financial reports that summarize the financial condition and operations of a business
Time value of money
Financial Statements
W-4
Securities
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