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 maximum credit that a customer is allowed






2. The amount of tax owed






3. Limited quantities of resources to meet unlimited wants






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






5. The act of reducing the selling price of merchandise






6. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount






7. The money paid for employee services






8. The rights of an individual to own - use - rent - invest in - buy - and sell property.






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






10. A delay in enforcing rights or claims or privileges






11. Things that incite or spur to action; rewards or reasons for performing a task.






12. Electronic Funds Transfer






13. Someone who lends money at excessive rates of interest






14. 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.






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






16. Give back (tax return)






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






18. 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.






19. The rights of an individual to own - use - rent - invest in - buy - and sell property.






20. An accounting entry acknowledging sums that are owing






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






22. An exchange that occurs as a compromise






23. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index






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






25. Beliefs of a person or social group in which they have an emotional investment (either for or against something)






26. The recipient of funds or other benefits






27. 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.






28. Cash payments made by the government to people who do not supply goods - services - or labor in exchange for these payments. They include Social Security benefits - veterans' benefits - and welfare payments.






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






30. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month






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






32. An accounting entry acknowledging sums that are owing






33. Compute credits and debits of an account






34. 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






35. Loan where the lender goes through the borrower






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






37. Stock other than preferred stock






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






39. Anything that is used to produce goods or services






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






41. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index






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






43. Someone who lends money at excessive rates of interest






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






45. Concern for ones own well being and advantages






46. Compute credits and debits of an account






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






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






49. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)






50. 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