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






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






3. A debt; something disadvantageous






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






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






6. The economical needs of an individual






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






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






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






10. Payment for insurance






11. 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.






12. Someone who lends money at excessive rates of interest






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






14. The act of reducing the selling price of merchandise






15. Place to create a savings account.






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






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






18. The process of managing one's assets and wealth






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






20. A general and progressive increase in prices






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






22. An accounting entry acknowledging income or capital items






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






24. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default






25. A business activity that changes assets - liabilities - or owner's equity






26. A bond with zero discounts






27. The process of managing one's assets and wealth






28. An evaluation by a rating company of the probability that a particular bond issue will default






29. Someone who has insufficient assets to cover their debts






30. A bond with zero discounts






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






32. The recipient of funds or other benefits






33. An obligation to pay money to another party






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






35. Profits paid to investors






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






37. 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






38. An obligation to pay money to another party






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






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






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






42. Something that is made open or revealed






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






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






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






46. A periodic statement prepared by a bank for each client






47. The apparent worth as opposed to the real worth






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






49. The percentage of a sum of money charged for its use






50. The extent to which something is covered