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. Someone who lends money at excessive rates of interest






2. Receiving money for loaning money






3. Items of personal interest to collectors that can increase in value in the future






4. Can be found in a newspaper and shows information about popular stocks.






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






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






7. Someone who has insufficient assets to cover their debts






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






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






10. 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






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






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






13. 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






14. Electronic Funds Transfer






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






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






17. Arrangement for deferred payment for goods and services






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






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






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






21. The amount accruing to the corporations owners


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






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






24. Is your gross income after certain reductions have been made






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






26. A general and progressive increase in prices






27. A share set aside for a specific purpose






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






29. Concern for ones own well being and advantages






30. Money paid to a worker






31. Production of a certain amount






32. Stock other than preferred stock






33. Is your gross income after certain reductions have been made






34. Maintain by writing regular records






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






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






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






38. Interest calculated on both the principal and the accrued interest






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






40. The process of making a decision - usually complex






41. The standard IRS form for individual tax returns.






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






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






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






45. The money paid for employee services






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






47. The money(usually a set amount) given to an individual to spend






48. Protection against future loss






49. The distribution of investment funds among broad classes of assets.






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