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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 money paid for employee services
Salary
Usury
Shares Outstanding
Debit
2. A legal document declaring a person's wishes regarding the disposal of their property when they die
Fixed-Rate Loan
Index Fund
Estate Planning
Will
3. Anything that is used to produce goods or services
Bankruptcy
Balance Sheet
Insolvent
Resources
4. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
Financial Statements
Values
Distribution
Deposit
5. Income before taxes
Asset Allocation
Present Value
Gross Income
Certificates of Deposit
6. Diagnosis Codes (in CCB Popup if more then 5 codes)
Zero-Coupon Bond
I-9
Stock Table
Coupon Rate
7. An amount that credit card companies can charge for the use of a credit card.
Unsecured Debt
Annual Fee
Mutual Funds
Disclosure
8. Total assets minus total liabilities
Beneficiary
Net Worth
Inflation
Statement of Cash Flows
9. A periodic statement prepared by a bank for each client
Bank Statement
Stock Table
Bond Rating
Net Worth
10. A debt not backed by specific property to satisfy the indebtedness in case of default.
Unsecured Debt
Opportunity Cost
Unsecured Loan
Executor
11. 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.
Transfer Payments
Coverage
Transaction
Preferred Stock
12. Arrangement for deferred payment for goods and services
Credit
Direct Car Loan
Annual Report
Face Value
13. Bring into consonance or accord - to agree on terms
Reconcile
Cannibalizing assets
FICA
Property Rights
14. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
401 K
401 K
On-Boarding
Allocation
15. 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.
Foreclosure
Forbearance
Deduction
Predatory Lending
16. Something of value; a resource; an advantage
Stock Symbol
Estate Planning
Taxable Income
Asset
17. The economical needs of an individual
Financial Needs
Values
Financial Institution
Will
18. Things that incite or spur to action; rewards or reasons for performing a task.
Risk
Cannibalizing assets
Incentives
Salary
19. Financial reports that summarize the financial condition and operations of a business
Overdraft protection
Financial Statements
Living Trust
Executor
20. 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
Cannibalizing assets
Trade-off
Exemptions
Money Market Accounts
21. Can be found in a newspaper and shows information about popular stocks.
Vesting
Foreclosure
Stock Table
Compound Interest
22. A general and progressive increase in prices
Net Income
Risk
Statement of Cash Flows
Inflation
23. The recipient of funds or other benefits
Insolvent
Beneficiary
Trade-off
Present Value
24. Whatever must be given up to obtain some item
Investing
Opportunity Cost
Exemptions
Exchange-Traded Funds
25. Someone who has insufficient assets to cover their debts
Interest Rate
Net Income
Insolvent
Stockholders' Equity
26. A share set aside for a specific purpose
Disclosure
Allocation
Credit
Deposit
27. 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
Market Capitalization
Debit
Issuer
Lending Investments
28. An accounting entry acknowledging sums that are owing
Debit
Financial Needs
Income Statement
Annual Report
29. An obligation to pay money to another party
Pension
Stock Symbol
Liability
EFT
30. Loan where the lender goes through the borrower
Direct Car Loan
Probate
Expenses
1040 tax form
31. An evaluation by a rating company of the probability that a particular bond issue will default
Probate
Income
Bond Rating
Deductible
32. A person appointed by a testator to carry out the terms of the will
Decison-making
Return
Executor
Stockholders' Equity
33. A loan backed by something valuable - such as property
Disclosure
Saving
Float
Secured Loan
34. Simplified IRS tax form which some individuals can file instead of the 1040 form.
Forbearance
Deductible
Liability
1040 EZ tax form
35. Grant use or occupation of under a term of contract
Overdraft protection
Personal Allowances
Rent
Mutual Funds
36. A record of checks written and deposits made in a checking account - kept by the depositor
Checkbook Register
Asset Allocation
Withdrawal
Installment Loan
37. Anything that is used to produce goods or services
Certificates of Deposit
Resources
Late Fee
Transfer Payments
38. 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
Index Fund
Lending Investments
EDGAR
401 K
39. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Bankruptcy
Annual Report
Allocation
Market Capitalization
40. 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
Stocks
FICA
Par Value
Balance
41. A business activity that changes assets - liabilities - or owner's equity
Vesting
Transaction
Expenses
Tax Liability
42. The amount of tax owed
Payday Loan
Tax Liability
401 K
Debt Consolidation
43. Financial organization that pools people's money and invests it
Stock Symbol
Mutual Funds
Money Market Accounts
Profit
44. A venture undertaken without regard to possible loss or injury
Premium
Will
Risk
Preferred Stock
45. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt
Debt Consolidation
Inflation
Direct Car Loan
Pension
46. 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
Identity Theft
Predatory Lending
Stock Table
On-Boarding
47. A financial statement that gives operating results for a specific period
Trade-off
Income Statement
Debit
Time value of money
48. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Payday Loan
Exemption
Loan
Expenses
49. Protection against future loss
Direct Car Loan
Insurance
Unsecured Loan
Stockholders' Equity
50. The outcome of an event especially as relative to an individual
Bonds
Index Fund
Consequence
Annual Report