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. An institution that issues something (securities or publications or currency etc.)






2. A specific plan for spending your income






3. 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.






4. 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






5. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.






6. Someone who lends money at excessive rates of interest






7. Profits paid to investors






8. 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






9. Profits paid to investors






10. The extent to which something is covered






11. A record of checks written and deposits made in a checking account - kept by the depositor






12. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights






13. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt






14. The amount accruing to the corporations owners

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


15. All costs or bills related to the business






16. The maximum credit that a customer is allowed






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






18. An amount of money given to the borrower for a set period of time. After the set time has passed - the money must be paid back plus the lending fee - called interest. Payments are normally made over a series of months.






19. The economical needs of an individual






20. A legal document declaring a person's wishes regarding the disposal of their property when they die






21. 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






22. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)






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






24. Short for Federal Insurance Contributions Act - the name given on the paycheck stub for Social Security and Medicare taxes. The employee pays some of the FICA tax - and and the employer pays some of this tax for each employee. Social Security pays be






25. A legal document declaring a person's wishes regarding the disposal of their property when they die






26. An amount of money given to the borrower for a set period of time. After the set time has passed - the money must be paid back plus the lending fee - called interest. Payments are normally made over a series of months.






27. The economical needs of an individual






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






29. Total assets minus total liabilities






30. A loan where the payment is acheived through interest






31. Something that is made open or revealed






32. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure






33. A financial statement that gives operating results for a specific period






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






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






36. A fixed charge for borrowing money






37. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.






38. Prompt payment for goods or services in currency or by check






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






40. Diagnosis Codes (in CCB Popup if more then 5 codes)






41. The shares available to sell/buy






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






43. Production of a certain amount






44. A debt; something disadvantageous






45. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation






46. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount






47. A tax-deferred investment and savings plan that acts as a personal pension fund for employees






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






49. An exchange that occurs as a compromise






50. Loan where the lender goes through the borrower