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. Is your gross income after certain reductions have been made






2. Loan with equal number of payments of the same amount over a fixed period of time.






3. The extent to which something is covered






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






5. The amount accruing to the corporations owners

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6. A person appointed by a testator to carry out the terms of the will






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






8. 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.






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






10. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)






11. Electronic Data Gathering Analysis and Retrieval - the electronic system used by the SEC to enable investors to search electronically for financial reports filed by individual companies






12. Someone who lends money at excessive rates of interest






13. A delay in enforcing rights or claims or privileges






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






15. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)






16. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received






17. The money paid for employee services






18. The financial gain (earned or unearned) accruing over a given period of time






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






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






21. Place to create a savings account.






22. 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






23. Limited quantities of resources to meet unlimited wants






24. The standard IRS form for individual tax returns.






25. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements






26. Someone who has insufficient assets to cover their debts






27. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)






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






29. Something that is made open or revealed






30. A share set aside for a specific purpose






31. Loan where the lender goes through the borrower






32. The economical needs of an individual






33. 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.






34. An institution that issues something (securities or publications or currency etc.)






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






36. The date on which a financial obligation must be repaid






37. 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






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






39. A specific plan for spending your income






40. The standard IRS form for individual tax returns.






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






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






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






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






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






46. Whatever must be given up to obtain some item






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






48. Income on which tax must be paid; total income minus exemptions and deductions






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






50. A bank account that accumulates interest