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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. The process of making a decision - usually complex
Executor
Asset
EDGAR
Decison-making
2. Financial organization that pools people's money and invests it
Maturity Date
Mutual Funds
Overdraft protection
Stockholders' Equity
3. Short-term and Long-term objectives that are driven by values.
Exemptions
Investing
Interest
Financial Goals
4. Production of a certain amount
Reconcile
Savings Account
Yield
Premium
5. The money paid for employee services
Salary
Net Income
Mutual Funds
Vesting
6. The fee - expressed as a percentage - a borrower owes for the use of a creditor's money. At an interest rate of 10% - a borrower would pay $110 for $100 borrowed.
Personal Allowances
Collectibles
dividends
Interest Rate
7. The withholding form each new employee fills out - stating the number of exemptions. the more exemptions listed - the less withholding tax will be taken from the paycheck.
W-4
Executor
Compound Interest
Pay Period
8. An accounting entry acknowledging sums that are owing
Exchange-Traded Funds
Unsecured Debt
Debit
Income Statement
9. A regular payment to a person that iis intended to allow them to subsist without working
Transfer Payments
Annual Fee
Pension
SEC Filings
10. 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.
Annual Fee
Investing
Allocation
Bank Statement
11. The date on which a financial obligation must be repaid
Trade-off
Annual Fee
Maturity Date
Cash
12. An amount that credit card companies can charge for the use of a credit card.
Certificates of Deposit
Annual Fee
Transaction
Consequence
13. All costs or bills related to the business
Payday Loan
Stock Exchanges
Loan Shark
Expenses
14. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time
Exchange-Traded Funds
Incentives
Vesting
Foreclosure
15. The outcome of an event especially as relative to an individual
Deductions
Savings Account
Installment Loan
Consequence
16. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.
Deductions
Stock Symbol
Opportunity Cost
Financial Institution
17. An amount that credit card companies can charge for the use of a credit card.
Exemptions
Annual Fee
Secured Debt
Compound Interest
18. Things that incite or spur to action; rewards or reasons for performing a task.
Financial Needs
Exchange-Traded Funds
Incentives
Mutual Funds
19. A loan in which the rate can be altered to adjust to economical need
Decison-making
Reconcile
Adjustable-Rate Loan
Salary
20. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
Balance Sheet
Annual Report
Billing Statement
Loan
21. A business activity that changes assets - liabilities - or owner's equity
Transaction
Cash
Forbearance
Net Worth
22. Loan with equal number of payments of the same amount over a fixed period of time.
Installment Loan
Transaction
Tax Liability
Savings Register
23. An institution that issues something (securities or publications or currency etc.)
Issuer
Disclosure
Unsecured Loan
I-9
24. 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
Stock Table
Zero-Coupon Bond
Exemptions
Transfer Payments
25. Something that is made open or revealed
Credit
Beneficiary
Rent
Disclosure
26. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
Balance Sheet
Secured Loan
Vesting
Beneficiary
27. Compute credits and debits of an account
Personal Allowances
Balance
Direct Car Loan
Beneficiary
28. A regular payment to a person that iis intended to allow them to subsist without working
Present Value
Yield
Pension
Securities
29. Grant use or occupation of under a term of contract
Bankruptcy
Rent
Vesting
Zero-Coupon Bond
30. The period covered by a salary payment
Rent
APR
Pay Period
Indirect Car Loan
31. A bank account that accumulates interest
Face Value
Shares Outstanding
Line of Credit
Savings Account
32. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.
Deductions
Adjustable-Rate Loan
Transaction Fee
Exemptions
33. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Expenses
Consequence
Pay Period
Financial Institution
34. The co-option of another person's personal information (e.g. - name - social security number - credit card number - passport) without that person's knowledge and the fraudulent use of such knowledge
Bond Rating
Allocation
Financial Needs
Identity Theft
35. Making money for owning something
Interest Rate
Exemptions
Ownership Investments
Nonprofit Organization
36. The time interval between the deposit of a check in a bank and its payment
Financial Goals
Billing Statement
Asset Allocation
Float
37. Income on which tax must be paid; total income minus exemptions and deductions
Disclosure
Property Rights
Taxable Income
Living Trust
38. The commercial activity of transporting and selling goods from a producer to a consumer
Distribution
dividends
Maintain
Living Trust
39. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt
Credit
Financial Statements
Investing
Debt Consolidation
40. A loan backed by something valuable - such as property
Certificates of Deposit
FICA
Secured Loan
Exchange-Traded Funds
41. Whatever must be given up to obtain some item
Opportunity Cost
Payday Loan
Beneficiary
Resources
42. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Deductible
Nonprofit Organization
Distribution
Liability
43. The right to take another's property if an obligation is not discharged
Adjustable-Rate Loan
Transfer Payments
Adjusted Gross Income
Lien
44. A payment given as a guarantee that an obligation will be met
Bank Statement
Financial Needs
Deposit
Transfer Payments
45. The standard IRS form for individual tax returns.
Total Assets
1040 tax form
Pay Period
Reconcile
46. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.
Living Trust
W-4
Property Rights
SEC Filings
47. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Probate
1040 EZ tax form
Time value of money
I-9
48. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Mortage
1040 EZ tax form
Opportunity Cost
Securities
49. Business organizations that accommodate the buying and selling of securities.
Billing Statement
Risk
Collectibles
Stock Exchanges
50. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.
Mutual Funds
Allocation
Property Rights
Living Trust