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






2. Grant use or occupation of under a term of contract






3. An accounting entry acknowledging sums that are owing






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






5. Institution that functions much like a business - but does not operate for the purpose of generating profits






6. An accounting entry acknowledging sums that are owing






7. Income before taxes






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






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






10. 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






11. Payment for insurance






12. 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






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






14. A specific plan for spending your income






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






16. A fixed charge for borrowing money






17. 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






18. Give back (tax return)






19. The value of a security that is set by the company issuing it






20. An accounting entry acknowledging income or capital items






21. A share set aside for a specific purpose






22. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)






23. 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






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






25. Total assets minus total liabilities






26. A yearly statement of the financial condition - progress - and expectations of an organization






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






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






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






30. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month






31. By planning ahead you can ensure financial stability during your retirement.






32. An amount that credit card companies can charge for the use of a credit card.






33. 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.






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






35. A bond with zero discounts






36. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time






37. Loan with equal number of payments of the same amount over a fixed period of time.






38. Funds that are often times traded through a stock exchange (NYSE)






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






40. The right to take another's property if an obligation is not discharged






41. A fixed charge for borrowing money






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






43. Place to create a savings account.






44. Stock other than preferred stock






45. A debt; something disadvantageous






46. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.






47. The process of making a decision - usually complex






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






49. Whatever must be given up to obtain some item






50. Anything that is used to produce goods or services