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






2. Electronic Funds Transfer






3. Can be found in a newspaper and shows information about popular stocks.






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






5. The money(usually a set amount) given to an individual to spend






6. A delay in enforcing rights or claims or privileges






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






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






9. A payment given as a guarantee that an obligation will be met






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






11. A fixed charge for borrowing money






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






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






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






15. The amount of tax owed






16. A fixed charge for borrowing money






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






18. Is your gross income after certain reductions have been made






19. Programs aimed at helping employees integrate - assimilate - and transition to new jobs






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






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






22. The co-option of another person's personal information (e.g. - name - social security number - credit card number - passport) without that person's knowledge and the fraudulent use of such knowledge






23. Something of value; a resource; an advantage






24. A delay in enforcing rights or claims or privileges






25. Income before taxes






26. Can be found in a newspaper and shows information about popular stocks.






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






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






29. Maintain by writing regular records






30. The process of making a decision - usually complex






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






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






33. A bond with zero discounts






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






35. Payment for insurance






36. Concern for ones own well being and advantages






37. 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.






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






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






40. The interest rate that a bond issuer will pay to a bondholder






41. Things that incite or spur to action; rewards or reasons for performing a task.






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






43. The interest rate that a bond issuer will pay to a bondholder






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






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






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






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






48. The fee - expressed as a percentage - a borrower owes for the use of a creditor's money. At an interest rate of 10% - a borrower would pay $110 for $100 borrowed.






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






50. All costs or bills related to the business