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. Electronic Funds Transfer






2. Limited quantities of resources to meet unlimited wants






3. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money






4. 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.






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






6. The distribution of investment funds among broad classes of assets.






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






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






9. An extra charge for various credit activities such as using an ATM or receiving a cash advance






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






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






12. Electronic Data Gathering Analysis and Retrieval - the electronic system used by the SEC to enable investors to search electronically for financial reports filed by individual companies






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






14. An accounting entry acknowledging sums that are owing






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






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






17. Someone who has insufficient assets to cover their debts






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






19. Electronic Funds Transfer






20. 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






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






22. All costs or bills related to the business






23. Concern for ones own well being and advantages






24. Income before taxes






25. An act of economizing






26. Receiving money for loaning money






27. Someone who has insufficient assets to cover their debts






28. Items of personal interest to collectors that can increase in value in the future






29. A business activity that changes assets - liabilities - or owner's equity






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






31. An accounting entry acknowledging income or capital items






32. Arrangement for deferred payment for goods and services






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






34. Institution that functions much like a business - but does not operate for the purpose of generating profits






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






36. An act of economizing






37. The process of managing one's assets and wealth






38. The amount of tax owed






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






40. Interest calculated on both the principal and the accrued interest






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






42. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid






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






44. Items of personal interest to collectors that can increase in value in the future






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






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






47. The outcome of an event especially as relative to an individual






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






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






50. A delay in enforcing rights or claims or privileges