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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. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
EDGAR
Loan Shark
Forbearance
Billing Statement
2. Things that incite or spur to action; rewards or reasons for performing a task.
Incentives
Unsecured Loan
Net Worth
Total Debt
3. Having honest intentions
On-Boarding
Stock Symbol
Mutual Funds
Good Faith
4. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time
Tax Liability
Vesting
Bonds
Nonprofit Organization
5. Give back (tax return)
Property Rights
Return
Cash
Financial Goals
6. The shares available to sell/buy
Shares Outstanding
Risk
Interest Rate
Collectibles
7. 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
Liability
Lending Investments
Taxable Income
Exemptions
8. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.
Living Trust
Beneficiary
Coupon Rate
Mortage
9. The extent to which something is covered
Deductions
Coverage
Pay Period
Certificates of Deposit
10. Someone who has insufficient assets to cover their debts
Zero-Coupon Bond
Balance
Stockholders' Equity
Insolvent
11. A bond with zero discounts
Pension
Liability
Asset
Zero-Coupon Bond
12. Compute credits and debits of an account
Balance
Yield
Interest Rate
Collectibles
13. Money paid to a worker
Credit
Consequence
Wage
Net Income
14. The amount of tax owed
Tax Liability
Stocks
401 K
Ownership Investments
15. Financial reports that summarize the financial condition and operations of a business
Zero-Coupon Bond
Financial Statements
On-Boarding
Consequence
16. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Net Worth
Foreclosure
Will
Exemptions
17. Funds that are often times traded through a stock exchange (NYSE)
Exchange-Traded Funds
Bank Statement
Adjusted Gross Income
Shares Outstanding
18. Diagnosis Codes (in CCB Popup if more then 5 codes)
Time value of money
I-9
Lien
Net Worth
19. Is your gross income after certain reductions have been made
Total Debt
Bonds
Wage
Adjusted Gross Income
20. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Float
Adjustable-Rate Loan
Exemption
Interest-Only Loan
21. A general and progressive increase in prices
Total Debt
Financial Statements
Inflation
Insolvent
22. Simplified IRS tax form which some individuals can file instead of the 1040 form.
Deposit
Liability
Present Value
1040 EZ tax form
23. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Financial Institution
Debt Consolidation
401 K
Yield
24. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Exemption
Secured Debt
Direct Car Loan
Bankruptcy
25. Anything that is used to produce goods or services
Resources
Expenses
Line of Credit
Credit
26. The value of a security that is set by the company issuing it
Wage
Annual Report
Par Value
Inflation
27. The period covered by a salary payment
Par Value
Pay Period
Personal Budget
Probate
28. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
APR
On-Boarding
Securities
Consequence
29. Making money for owning something
Savings Account
Annual Report
Money Market Accounts
Ownership Investments
30. Maintain by writing regular records
Unsecured Debt
Maintain
Fixed-Rate Loan
Time value of money
31. A fixed charge for borrowing money
1040 EZ tax form
Pay Period
Bonds
Interest
32. 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.
Financial Needs
Predatory Lending
Identity Theft
Balance
33. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.
Balance
Direct Car Loan
Payday Loan
Exchange-Traded Funds
34. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Property Rights
Premium
Total Assets
Transfer Payments
35. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
Estate Planning
Balance Sheet
Savings Register
Disclosure
36. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Deposit
Pension
Taxable Income
Certificates of Deposit
37. A loan backed by something valuable - such as property
Savings Account
Coverage
Secured Loan
Income Statement
38. Institution that functions much like a business - but does not operate for the purpose of generating profits
Nonprofit Organization
Financial Needs
Total Debt
Risk
39. Business organizations that accommodate the buying and selling of securities.
EDGAR
401 K
Credit
Stock Exchanges
40. Protection against future loss
Savings Register
Insurance
Pay Period
Retirement Planning
41. Can be found in a newspaper and shows information about popular stocks.
Certificates of Deposit
Opportunity Cost
Consequence
Stock Table
42. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received
Good Faith
Liability
Net Income
Trade-off
43. Something that is made open or revealed
Disclosure
Stocks
Insolvent
Living Trust
44. 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
Net Worth
Exchange-Traded Funds
APR
Saving
45. Production of a certain amount
FICA
Yield
Maturity Date
Stockholders' Equity
46. A yearly statement of the financial condition - progress - and expectations of an organization
Mortage
Annual Report
Market Capitalization
Expenses
47. The process of making a decision - usually complex
Salary
Deduction
Maintain
Decison-making
48. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Issuer
Total Assets
APR
Saving
49. The act of reducing the selling price of merchandise
Transfer Payments
Bankruptcy
Deduction
Allocation
50. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.
Stock Symbol
SEC Filings
Ownership Investments
Forbearance