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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 accounting entry acknowledging income or capital items






2. Arrangement for deferred payment for goods and services






3. Income on which tax must be paid; total income minus exemptions and deductions






4. Preparing a plan for transferring property during one's lifetime and at one's death






5. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index






6. A long-term loan extended to someone who buys property






7. A bond with zero discounts






8. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received






9. Total assets minus total liabilities






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






11. Receiving money for loaning money






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






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






14. A venture undertaken without regard to possible loss or injury






15. A loan where the payment is acheived through interest






16. Something that is made open or revealed






17. A periodic statement prepared by a bank for each client






18. 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






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






20. Concern for ones own well being and advantages






21. 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






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






23. The period covered by a salary payment






24. A long-term loan extended to someone who buys property






25. The act of taking out money or other capital






26. 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.






27. Funds that are often times traded through a stock exchange (NYSE)






28. Cash payments made by the government to people who do not supply goods - services - or labor in exchange for these payments. They include Social Security benefits - veterans' benefits - and welfare payments.






29. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index






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






31. A loan that is paid off in a fixed rate over a period of time






32. The recipient of funds or other benefits






33. The maximum credit that a customer is allowed






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






35. An exchange that occurs as a compromise






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






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






38. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time






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






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






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






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






43. The period covered by a salary payment






44. The amount accruing to the corporations owners

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






46. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.






47. A debt; something disadvantageous






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






49. 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






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







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