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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. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Loan Shark
Exemption
Market Capitalization
Secured Debt
2. A legal document declaring a person's wishes regarding the disposal of their property when they die
Nonprofit Organization
Interest-Only Loan
Will
Installment Loan
3. An amount that credit card companies can charge for the use of a credit card.
Face Value
Preferred Stock
Annual Fee
Usury
4. A person appointed by a testator to carry out the terms of the will
Predatory Lending
Executor
Securities
Self-Interest
5. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
1040 tax form
Forbearance
Financial Statements
Securities
6. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Interest Rate
Risk
Financial Institution
Consequence
7. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index
Zero-Coupon Bond
Index Fund
Line of Credit
Financial Goals
8. Short-term and Long-term objectives that are driven by values.
Financial Goals
Cannibalizing assets
Secured Debt
Face Value
9. A regular payment to a person that iis intended to allow them to subsist without working
Net Income
Money Market Accounts
Risk
Pension
10. Total assets minus total liabilities
Market Capitalization
Net Worth
1040 tax form
Annual Report
11. An obligation to pay money to another party
Interest
Coverage
Liability
Exemptions
12. An institution that issues something (securities or publications or currency etc.)
Credit
Issuer
Cannibalizing assets
Index Fund
13. The rights of an individual to own - use - rent - invest in - buy - and sell property.
Direct Car Loan
Yield
Asset
Property Rights
14. The commercial activity of transporting and selling goods from a producer to a consumer
Insurance
Distribution
Premium
Time value of money
15. 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
Shares Outstanding
Transfer Payments
Bond Rating
Market Capitalization
16. The date on which a financial obligation must be repaid
Maturity Date
Preferred Stock
Distribution
Line of Credit
17. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
I-9
Billing Statement
Unsecured Debt
Values
18. A periodic statement prepared by a bank for each client
Balance
Billing Statement
Bank Statement
Collectibles
19. Production of a certain amount
Coverage
Yield
Stocks
Mortage
20. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.
SEC Filings
Fixed-Rate Loan
Consequence
I-9
21. The maximum credit that a customer is allowed
Premium
On-Boarding
Personal Allowances
Line of Credit
22. A record of checks written and deposits made in a checking account - kept by the depositor
1040 tax form
Inflation
Checkbook Register
Balance Sheet
23. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Disclosure
Total Debt
Bonds
Executor
24. The distribution of investment funds among broad classes of assets.
Installment Loan
Asset Allocation
Indirect Car Loan
401 K
25. Payment for insurance
Usury
Premium
Shares Outstanding
Financial Statements
26. Income on which tax must be paid; total income minus exemptions and deductions
Beneficiary
Taxable Income
1040 EZ tax form
Foreclosure
27. A general and progressive increase in prices
Certificates of Deposit
Liability
Inflation
Checkbook Register
28. An automatic loan made to you if you write a check for more money than you have in your account
Transaction Fee
Property Rights
Bankruptcy
Overdraft protection
29. The money(usually a set amount) given to an individual to spend
Self-Interest
Cannibalizing assets
Personal Allowances
Opportunity Cost
30. 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
Tax Liability
Adjustable-Rate Loan
Wealth Management
31. 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.
Issuer
Foreclosure
Transfer Payments
Deduction
32. A delay in enforcing rights or claims or privileges
Billing Statement
Checkbook Register
Forbearance
Expenses
33. Money paid to a worker
Self-Interest
Wage
Mutual Funds
401 K
34. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Allocation
Foreclosure
Exemption
Interest Rate
35. Receiving money for loaning money
Lending Investments
Liability
Bankruptcy
Market Capitalization
36. Compute credits and debits of an account
Tax Liability
Balance
Ownership Investments
Line of Credit
37. The amount of tax owed
Decison-making
Estate Planning
Inflation
Tax Liability
38. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
Values
Bond Rating
Asset
EFT
39. Loan with equal number of payments of the same amount over a fixed period of time.
Return
Asset Allocation
Distribution
Installment Loan
40. An accounting entry acknowledging sums that are owing
Financial Statements
Debit
Loan
Unsecured Loan
41. A debt not backed by specific property to satisfy the indebtedness in case of default.
Unsecured Debt
Phishing
Return
Index Fund
42. A loan where the payment is acheived through interest
Bank Statement
Gross Income
FICA
Interest-Only Loan
43. Concern for ones own well being and advantages
Fixed-Rate Loan
Self-Interest
Personal Allowances
Debt Consolidation
44. 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.
Liability
Total Debt
Secured Debt
Overdraft protection
45. An accounting entry acknowledging income or capital items
Credit
Pay Period
EDGAR
Financial Institution
46. The amount accruing to the corporations owners
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47. 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
Stockholders' Equity
Distribution
Reconcile
FICA
48. Someone who lends money at excessive rates of interest
Interest Rate
Loan Shark
Unsecured Loan
Insurance
49. A long-term loan extended to someone who buys property
Investing
Money Market Accounts
Mortage
Transaction Fee
50. An act of economizing
Mutual Funds
Investing
Fixed-Rate Loan
Saving