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. 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






2. An accounting entry acknowledging sums that are owing






3. Concern for ones own well being and advantages






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






5. An extra charge for various credit activities such as using an ATM or receiving a cash advance






6. 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.






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






8. Arrangement for deferred payment for goods and services






9. The shares available to sell/buy






10. Short-term and Long-term objectives that are driven by values.






11. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group






12. Production of a certain amount






13. A record of checks written and deposits made in a checking account - kept by the depositor






14. An obligation to pay money to another party






15. The money paid for employee services






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






17. Electronic Funds Transfer






18. Having honest intentions






19. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights






20. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation






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






22. Savings account that pays market rate or better interest and allows access to funds without penalty.






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






24. A general and progressive increase in prices






25. The recipient of funds or other benefits






26. Simplified IRS tax form which some individuals can file instead of the 1040 form.






27. An accounting entry acknowledging sums that are owing






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






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






30. The apparent worth as opposed to the real worth






31. Certificates that represent money the government has borrowed from private citizens






32. Profits paid to investors






33. A record of checks written and deposits made in a checking account - kept by the depositor






34. A share set aside for a specific purpose






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






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






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






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






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






40. Something that is made open or revealed






41. 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.






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






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






44. A loan where the payment is acheived through interest






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






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






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






48. A loan backed by something valuable - such as property






49. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy






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