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Wealth Management
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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 extent to which something is covered
Taxable Income
Exemptions
Coverage
Balance Sheet
2. 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
Cannibalizing assets
Expenses
Total Assets
Pay Period
3. Income before taxes
Income Statement
Savings Register
Index Fund
Gross Income
4. A delay in enforcing rights or claims or privileges
Financial Needs
Saving
Bankruptcy
Forbearance
5. A tax-deferred investment and savings plan that acts as a personal pension fund for employees
401 K
Installment Loan
Foreclosure
Financial Institution
6. Compute credits and debits of an account
Mortage
Cash
Balance
Exchange-Traded Funds
7. A general and progressive increase in prices
Inflation
1040 tax form
Common Stock
Face Value
8. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Balance Sheet
Certificates of Deposit
Stock Exchanges
Exemption
9. A penalty for making a payment after the due date
Late Fee
Asset Allocation
Bond Rating
Ownership Investments
10. Income on which tax must be paid; total income minus exemptions and deductions
Interest
Financial Goals
Taxable Income
Saving
11. 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.
Interest Rate
W-4
Foreclosure
1040 EZ tax form
12. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Inflation
Issuer
Financial Needs
Stock Symbol
13. The rights of an individual to own - use - rent - invest in - buy - and sell property.
1040 EZ tax form
Exemption
Property Rights
Decison-making
14. A bond with zero discounts
Expenses
Zero-Coupon Bond
Premium
Transaction
15. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.
Living Trust
Disclosure
Savings Account
Net Income
16. A loan that is paid off in a fixed rate over a period of time
Transaction Fee
On-Boarding
Fixed-Rate Loan
Asset
17. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Trade-off
Good Faith
Market Capitalization
Securities
18. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
Probate
Risk
Values
Line of Credit
19. Maintain by writing regular records
Retirement Planning
Maintain
Scarcity
Risk
20. An act of economizing
Cash
Debt Consolidation
Saving
1040 EZ tax form
21. 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.
Deposit
Predatory Lending
Statement of Cash Flows
Property Rights
22. 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
FICA
Decison-making
Ownership Investments
Investing
23. The process of managing one's assets and wealth
Values
Wealth Management
Retirement Planning
Probate
24. Give back (tax return)
Issuer
Return
Personal Allowances
Phishing
25. Prompt payment for goods or services in currency or by check
Cash
Inflation
Deductible
Interest
26. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index
Premium
Deposit
Index Fund
Balance
27. A debt; something disadvantageous
Liability
Transaction Fee
Predatory Lending
Maintain
28. A debt not backed by specific property to satisfy the indebtedness in case of default.
Mortage
Secured Loan
Overdraft protection
Unsecured Debt
29. Certificates that represent money the government has borrowed from private citizens
Billing Statement
Bonds
Certificates of Deposit
Statement of Cash Flows
30. Debt backed by a mortgage - pledge of collateral - or other lien; debt for which the creditor has the right to pursue specific pledged property upon default. Examples include home mortgages - auto loans and tax liens.
Living Trust
Transaction
Secured Debt
Asset
31. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
Loan Shark
Ownership Investments
Balance Sheet
Unsecured Debt
32. Loan deal in which the actual lender may not be known to the borrower.
Indirect Car Loan
Adjustable-Rate Loan
Deductible
Loan
33. Institution that functions much like a business - but does not operate for the purpose of generating profits
Nonprofit Organization
Income
Zero-Coupon Bond
Transaction
34. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)
Unsecured Loan
Predatory Lending
Bankruptcy
Adjusted Gross Income
35. The amount of money you would need to deposit now in order to attain a desired amount in the future
Direct Car Loan
Lien
Yield
Present Value
36. Production of a certain amount
Yield
Exemptions
1040 tax form
Transaction Fee
37. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Coverage
Insolvent
Certificates of Deposit
Total Assets
38. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Stock Symbol
Mortage
Living Trust
SEC Filings
39. A person appointed by a testator to carry out the terms of the will
Executor
dividends
Interest Rate
Interest Rate
40. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Self-Interest
Bankruptcy
Foreclosure
Exemptions
41. A debt; something disadvantageous
Liability
Premium
Nonprofit Organization
SEC Filings
42. Institution that functions much like a business - but does not operate for the purpose of generating profits
Mutual Funds
Nonprofit Organization
Financial Statements
Saving
43. The apparent worth as opposed to the real worth
Total Debt
Securities
Annual Fee
Face Value
44. The interest rate that a bond issuer will pay to a bondholder
Exchange-Traded Funds
Deductions
Coupon Rate
Savings Register
45. All costs or bills related to the business
Expenses
Executor
Investing
Foreclosure
46. The period covered by a salary payment
Coupon Rate
Transfer Payments
Financial Needs
Pay Period
47. An extra charge for various credit activities such as using an ATM or receiving a cash advance
Consequence
Mutual Funds
Transaction Fee
Deductions
48. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail
Mortage
Phishing
Transaction
Balance
49. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)
Indirect Car Loan
Stock Exchanges
Unsecured Loan
Scarcity
50. A business activity that changes assets - liabilities - or owner's equity
Rent
Certificates of Deposit
FICA
Transaction
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