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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. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Loan
Preferred Stock
Return
Par Value
2. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.
Asset Allocation
Insolvent
SEC Filings
Return
3. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Will
Bankruptcy
Exemption
Indirect Car Loan
4. A debt not backed by specific property to satisfy the indebtedness in case of default.
Foreclosure
Issuer
Unsecured Debt
Savings Register
5. Money paid to a worker
Unsecured Loan
Pension
Financial Institution
Wage
6. 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.
Annual Fee
Predatory Lending
Probate
Debt Consolidation
7. Is your gross income after certain reductions have been made
Loan Shark
Decison-making
Self-Interest
Adjusted Gross Income
8. The rights of an individual to own - use - rent - invest in - buy - and sell property.
Pay Period
Property Rights
Estate Planning
Financial Statements
9. Items of personal interest to collectors that can increase in value in the future
Collectibles
Usury
Secured Loan
Stockholders' Equity
10. A specific plan for spending your income
Mutual Funds
Property Rights
Personal Budget
Interest Rate
11. The act of taking out money or other capital
Asset Allocation
Wealth Management
Pension
Withdrawal
12. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Compound Interest
Usury
Unsecured Debt
Bankruptcy
13. 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.
Savings Register
Foreclosure
Secured Debt
Financial Goals
14. A loan that is paid off in a fixed rate over a period of time
Interest
Loan
Fixed-Rate Loan
Collectibles
15. The maximum credit that a customer is allowed
Checkbook Register
Line of Credit
Time value of money
Deductions
16. The commercial activity of transporting and selling goods from a producer to a consumer
Secured Debt
Distribution
Asset
Time value of money
17. The period covered by a salary payment
Resources
Exemptions
Pay Period
Exemption
18. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail
Usury
401 K
Phishing
Profit
19. The money paid for employee services
Billing Statement
Salary
Market Capitalization
Predatory Lending
20. Stock other than preferred stock
Checkbook Register
Mutual Funds
Common Stock
EDGAR
21. A financial statement that gives operating results for a specific period
Income Statement
Annual Fee
Index Fund
Checkbook Register
22. Grant use or occupation of under a term of contract
Index Fund
Rent
Fixed-Rate Loan
Net Worth
23. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)
Net Worth
Bankruptcy
Unsecured Loan
Billing Statement
24. A loan backed by something valuable - such as property
Annual Fee
1040 EZ tax form
Unsecured Debt
Secured Loan
25. A long-term loan extended to someone who buys property
Net Worth
Present Value
Mortage
Stock Symbol
26. Total assets minus total liabilities
Beneficiary
Net Worth
Exemption
Opportunity Cost
27. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Asset
Balance Sheet
Exemption
Credit
28. 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
Debit
EDGAR
Debt Consolidation
Exemption
29. Maintain by writing regular records
Bankruptcy
Cash
Maintain
Adjustable-Rate Loan
30. Give back (tax return)
Return
Values
APR
Savings Account
31. The amount accruing to the corporations owners
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32. The recipient of funds or other benefits
Liability
Zero-Coupon Bond
Beneficiary
Bond Rating
33. Loan where the lender goes through the borrower
Certificates of Deposit
Identity Theft
Direct Car Loan
Bankruptcy
34. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.
Lending Investments
Payday Loan
Payday Loan
Deductions
35. A general and progressive increase in prices
Exemptions
Bonds
Inflation
Unsecured Loan
36. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Financial Needs
Deductible
Interest
Loan
37. The act of reducing the selling price of merchandise
Deduction
Preferred Stock
Exemptions
Disclosure
38. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Allocation
Usury
Nonprofit Organization
Deductible
39. Compute credits and debits of an account
Exemptions
Billing Statement
Balance
Mutual Funds
40. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Financial Institution
Values
Withdrawal
Time value of money
41. Certificates that represent money the government has borrowed from private citizens
Pay Period
Vesting
Liability
Bonds
42. The outcome of an event especially as relative to an individual
Executor
Money Market Accounts
Consequence
Balance
43. A long-term loan extended to someone who buys property
Interest
Mortage
Values
Expenses
44. Having honest intentions
Withdrawal
Installment Loan
Beneficiary
Good Faith
45. Someone who lends money at excessive rates of interest
Payday Loan
1040 EZ tax form
Loan Shark
FICA
46. A periodic statement prepared by a bank for each client
Installment Loan
Unsecured Loan
Bank Statement
Unsecured Debt
47. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.
Foreclosure
Living Trust
Deductions
Late Fee
48. 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.
Investing
Issuer
Distribution
Late Fee
49. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received
Decison-making
Net Income
Asset
Self-Interest
50. Arrangement for deferred payment for goods and services
Float
Premium
Disclosure
Credit