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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. Receiving money for loaning money
Asset
Loan
Lending Investments
Income
2. Something that is made open or revealed
Issuer
Opportunity Cost
Disclosure
Decison-making
3. Items of personal interest to collectors that can increase in value in the future
Collectibles
Insurance
Predatory Lending
Income Statement
4. A financial statement that gives operating results for a specific period
Income Statement
Mortage
Interest
Bond Rating
5. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail
Mutual Funds
Interest-Only Loan
Forbearance
Phishing
6. Total assets minus total liabilities
Net Income
Income
Par Value
Net Worth
7. The process of managing one's assets and wealth
Zero-Coupon Bond
Wealth Management
Billing Statement
Interest
8. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Total Debt
Annual Report
Debit
Withdrawal
9. 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
Foreclosure
FICA
Bond Rating
Expenses
10. 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
Cannibalizing assets
Retirement Planning
Scarcity
11. An extra charge for various credit activities such as using an ATM or receiving a cash advance
Insolvent
Transaction Fee
Exemptions
Tax Liability
12. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Mortage
Bankruptcy
Deposit
Zero-Coupon Bond
13. The process of managing one's assets and wealth
Wealth Management
Total Debt
Probate
Exemptions
14. 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.
Exchange-Traded Funds
Investing
Interest
Yield
15. An institution that issues something (securities or publications or currency etc.)
EFT
Issuer
Wage
Personal Allowances
16. Shares of ownership in a company
Allocation
W-4
Stocks
Will
17. An exchange that occurs as a compromise
Unsecured Debt
Consequence
Retirement Planning
Trade-off
18. Can be found in a newspaper and shows information about popular stocks.
Statement of Cash Flows
Stock Table
Direct Car Loan
Unsecured Debt
19. A loan where the payment is acheived through interest
Fixed-Rate Loan
Property Rights
Lien
Interest-Only Loan
20. Having honest intentions
Good Faith
Probate
Exemptions
Balance Sheet
21. 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.
Debt Consolidation
Interest Rate
Credit
Total Assets
22. Something of value; a resource; an advantage
Credit
Maturity Date
Asset
Mutual Funds
23. By planning ahead you can ensure financial stability during your retirement.
Mutual Funds
Retirement Planning
Securities
FICA
24. Concern for ones own well being and advantages
Debt Consolidation
Certificates of Deposit
Self-Interest
Bank Statement
25. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.
Exemption
Withdrawal
Preferred Stock
SEC Filings
26. Funds that are often times traded through a stock exchange (NYSE)
Exchange-Traded Funds
Reconcile
On-Boarding
Asset
27. The economical needs of an individual
Savings Register
Wealth Management
Taxable Income
Financial Needs
28. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
Annual Report
Certificates of Deposit
Billing Statement
Cannibalizing assets
29. Things that incite or spur to action; rewards or reasons for performing a task.
Pay Period
Installment Loan
Incentives
Balance
30. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
EDGAR
Certificates of Deposit
Collectibles
Secured Loan
31. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index
Index Fund
Debit
Secured Debt
Expenses
32. Payment for insurance
Wage
Net Worth
Premium
EDGAR
33. The time interval between the deposit of a check in a bank and its payment
Opportunity Cost
Float
EDGAR
Bonds
34. Diagnosis Codes (in CCB Popup if more then 5 codes)
Unsecured Loan
I-9
Probate
Installment Loan
35. The rights of an individual to own - use - rent - invest in - buy - and sell property.
Property Rights
Yield
Personal Budget
Checkbook Register
36. Making money for owning something
Ownership Investments
Insurance
Investing
Interest Rate
37. Business organizations that accommodate the buying and selling of securities.
Stock Exchanges
Wage
Secured Loan
Debt Consolidation
38. A business activity that changes assets - liabilities - or owner's equity
Transaction
Exchange-Traded Funds
Liability
Cash
39. A legal document declaring a person's wishes regarding the disposal of their property when they die
Good Faith
Executor
Nonprofit Organization
Will
40. Loan with equal number of payments of the same amount over a fixed period of time.
Investing
Distribution
Annual Fee
Installment Loan
41. Bring into consonance or accord - to agree on terms
W-4
Net Income
Financial Institution
Reconcile
42. A payment given as a guarantee that an obligation will be met
Liability
W-4
Deposit
Financial Needs
43. The distribution of investment funds among broad classes of assets.
Indirect Car Loan
Maintain
Asset Allocation
Executor
44. Financial organization that pools people's money and invests it
Income
1040 tax form
Mutual Funds
Resources
45. The shares available to sell/buy
Income
Shares Outstanding
Deduction
Bank Statement
46. Grant use or occupation of under a term of contract
Float
Total Debt
Mortage
Rent
47. The money paid for employee services
Estate Planning
Gross Income
Salary
Ownership Investments
48. 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.
Deductions
Interest Rate
Unsecured Debt
Financial Needs
49. Someone who lends money at excessive rates of interest
Mortage
Asset
Loan Shark
Withdrawal
50. Give back (tax return)
Compound Interest
Adjusted Gross Income
Tax Liability
Return