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






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






3. 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






4. A bond with zero discounts






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






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






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






8. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets






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






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






11. Any of a number of fraudulent - deceptive - discriminatory - or unfavorable lending practices. Many of these practices are illegal - while others are legal but not in the best interest of the borrowers.






12. Any of a number of fraudulent - deceptive - discriminatory - or unfavorable lending practices. Many of these practices are illegal - while others are legal but not in the best interest of the borrowers.






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






14. Anything that is used to produce goods or services






15. Profits paid to investors






16. Production of a certain amount






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






18. 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.






19. An accounting entry acknowledging income or capital items






20. Compute credits and debits of an account






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






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






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






24. Making money for owning something






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






26. 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.






27. Income before taxes






28. A bank account that accumulates interest






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






30. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid






31. Funds that are often times traded through a stock exchange (NYSE)






32. 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.






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






34. An act of economizing






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






36. The recipient of funds or other benefits






37. A delay in enforcing rights or claims or privileges






38. Someone who has insufficient assets to cover their debts






39. 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






40. The interest rate that a bond issuer will pay to a bondholder






41. The economical needs of an individual






42. A bond with zero discounts






43. The act of taking out money or other capital






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






45. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid






46. The process of making a decision - usually complex






47. The economical needs of an individual






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






49. Protection against future loss






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






Can you answer 50 questions in 15 minutes?



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