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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. The standard IRS form for individual tax returns.
1040 tax form
Secured Debt
Secured Loan
Financial Statements
2. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.
Fixed-Rate Loan
Deductions
Lien
Total Assets
3. The economical needs of an individual
1040 EZ tax form
Financial Needs
Return
Credit
4. Receiving money for loaning money
Gross Income
Lending Investments
Credit
Certificates of Deposit
5. 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
Loan Shark
Stock Symbol
Reconcile
EDGAR
6. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
I-9
Retirement Planning
Total Debt
Bonds
7. 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
Yield
Stock Table
Market Capitalization
Secured Debt
8. Limited quantities of resources to meet unlimited wants
Direct Car Loan
Fixed-Rate Loan
Scarcity
Collectibles
9. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.
Net Income
Statement of Cash Flows
I-9
Living Trust
10. Items of personal interest to collectors that can increase in value in the future
EFT
Collectibles
Coverage
Foreclosure
11. Certificates that represent money the government has borrowed from private citizens
Personal Budget
FICA
Total Assets
Bonds
12. The shares available to sell/buy
Adjustable-Rate Loan
Shares Outstanding
Transaction Fee
Lien
13. Preparing a plan for transferring property during one's lifetime and at one's death
Tax Liability
Estate Planning
Mutual Funds
Gross Income
14. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Return
Deductible
Reconcile
Self-Interest
15. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Adjustable-Rate Loan
1040 EZ tax form
Executor
Certificates of Deposit
16. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Predatory Lending
Financial Institution
Tax Liability
APR
17. 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.
Rent
Fixed-Rate Loan
Retirement Planning
Investing
18. The period covered by a salary payment
Saving
Disclosure
Collectibles
Pay Period
19. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Unsecured Loan
Adjustable-Rate Loan
401 K
Profit
20. The rights of an individual to own - use - rent - invest in - buy - and sell property.
Investing
Property Rights
Expenses
Consequence
21. A loan backed by something valuable - such as property
Secured Loan
W-4
Deductible
Personal Allowances
22. Business organizations that accommodate the buying and selling of securities.
Stock Exchanges
Vesting
Coupon Rate
Index Fund
23. 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
Stock Exchanges
Annual Fee
Financial Statements
Exemptions
24. A legal document declaring a person's wishes regarding the disposal of their property when they die
Coverage
Will
Interest-Only Loan
Present Value
25. The act of taking out money or other capital
dividends
Withdrawal
Financial Needs
EDGAR
26. 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.
Insurance
Predatory Lending
Vesting
Issuer
27. A regular payment to a person that iis intended to allow them to subsist without working
Par Value
Executor
Pension
Asset
28. An extra charge for various credit activities such as using an ATM or receiving a cash advance
Foreclosure
Balance
Transaction Fee
On-Boarding
29. Profits paid to investors
Annual Report
dividends
Distribution
Unsecured Loan
30. A bank account that accumulates interest
Decison-making
1040 tax form
Savings Account
Pension
31. 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
Statement of Cash Flows
Predatory Lending
Market Capitalization
On-Boarding
32. A fixed charge for borrowing money
Zero-Coupon Bond
401 K
Income Statement
Interest
33. Institution that functions much like a business - but does not operate for the purpose of generating profits
Ownership Investments
Coverage
Nonprofit Organization
Salary
34. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt
Direct Car Loan
Values
Debt Consolidation
Trade-off
35. The standard IRS form for individual tax returns.
Risk
1040 tax form
Market Capitalization
Premium
36. Maintain by writing regular records
Maintain
Exchange-Traded Funds
FICA
1040 EZ tax form
37. The amount of tax owed
Money Market Accounts
Tax Liability
Billing Statement
Billing Statement
38. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received
Net Income
Time value of money
Coupon Rate
Pay Period
39. The rights of an individual to own - use - rent - invest in - buy - and sell property.
Retirement Planning
I-9
Property Rights
Total Debt
40. A delay in enforcing rights or claims or privileges
Forbearance
Unsecured Debt
Fixed-Rate Loan
Rent
41. A loan where the payment is acheived through interest
Time value of money
Interest-Only Loan
Annual Report
Fixed-Rate Loan
42. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.
Overdraft protection
Beneficiary
Payday Loan
Financial Needs
43. The distribution of investment funds among broad classes of assets.
Liability
Maturity Date
Asset Allocation
On-Boarding
44. 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
EDGAR
Bond Rating
Exemption
Mortage
45. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Withdrawal
APR
Phishing
Financial Institution
46. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.
Foreclosure
EFT
Good Faith
SEC Filings
47. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Incentives
Exemption
Unsecured Debt
Executor
48. A debt; something disadvantageous
EDGAR
Bond Rating
Preferred Stock
Liability
49. A general and progressive increase in prices
Resources
Inflation
Net Income
Good Faith
50. Loan where the lender goes through the borrower
Deductible
Direct Car Loan
Insurance
Checkbook Register