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






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






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






4. The process of managing one's assets and wealth






5. 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






6. Maintain by writing regular records






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






8. Protection against future loss






9. An exchange that occurs as a compromise






10. The money paid for employee services






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






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






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






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






15. The process of making a decision - usually complex






16. An obligation to pay money to another party






17. A venture undertaken without regard to possible loss or injury






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






19. Whatever must be given up to obtain some item






20. Payment for insurance






21. A bond with zero discounts






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






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






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






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






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






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






28. The act of taking out money or other capital






29. Can be found in a newspaper and shows information about popular stocks.






30. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt






31. A loan where the payment is acheived through interest






32. The amount accruing to the corporations owners

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33. Anything that is used to produce goods or services






34. 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.






35. Limited quantities of resources to meet unlimited wants






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






37. The period covered by a salary payment






38. A fixed charge for borrowing money






39. Short-term and Long-term objectives that are driven by values.






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






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






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






43. A bond with zero discounts






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






45. Place to create a savings account.






46. The shares available to sell/buy






47. Money paid to a worker






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






49. A debt; something disadvantageous






50. 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






Can you answer 50 questions in 15 minutes?



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