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 bank account that accumulates interest






2. The process of making a decision - usually complex






3. Something that is made open or revealed






4. Loan deal in which the actual lender may not be known to the borrower.






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






6. 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.






7. Beliefs of a person or social group in which they have an emotional investment (either for or against something)






8. The amount accruing to the corporations owners


9. The financial gain (earned or unearned) accruing over a given period of time






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






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






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






13. An accounting entry acknowledging sums that are owing






14. Anything that is used to produce goods or services






15. The money paid for employee services






16. The time interval between the deposit of a check in a bank and its payment






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






18. 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.






19. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.






20. Immunity from a general burden - tax or charge; in bankruptcy or judgment executions - that portion of the debtor's property that cannot be liquidiated and applied to her debts






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






22. 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






23. An accounting entry acknowledging sums that are owing






24. The amount of money you would need to deposit now in order to attain a desired amount in the future






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






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






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






28. Profits paid to investors






29. A long-term loan extended to someone who buys property






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






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






32. A fixed charge for borrowing money






33. A fixed charge for borrowing money






34. The act of taking out money or other capital






35. A loan that is paid off in a fixed rate over a period of time






36. The recipient of funds or other benefits






37. Financial organization that pools people's money and invests it






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






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






40. 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






41. A penalty for making a payment after the due date






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






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






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






45. A long-term loan extended to someone who buys property






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






47. The period covered by a salary payment






48. The outcome of an event especially as relative to an individual






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






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