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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. The money paid for employee services
Salary
Nonprofit Organization
Consequence
SEC Filings
2. 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.
On-Boarding
Adjustable-Rate Loan
Wage
Predatory Lending
3. The amount of money you would need to deposit now in order to attain a desired amount in the future
Identity Theft
Interest
Debit
Present Value
4. The act of reducing the selling price of merchandise
Collectibles
Insurance
Deduction
Compound Interest
5. Anything that is used to produce goods or services
Liability
Forbearance
Resources
FICA
6. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.
Rent
Insolvent
Ownership Investments
Statement of Cash Flows
7. A loan backed by something valuable - such as property
Secured Loan
Resources
Stock Table
Maintain
8. The amount accruing to the corporations owners
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9. Money paid to a worker
Mortage
Insolvent
Wage
1040 EZ tax form
10. A tax-deferred investment and savings plan that acts as a personal pension fund for employees
401 K
Savings Account
Late Fee
Adjusted Gross Income
11. Preparing a plan for transferring property during one's lifetime and at one's death
Estate Planning
Deductible
Ownership Investments
Adjustable-Rate Loan
12. Something that is made open or revealed
Income Statement
Disclosure
Indirect Car Loan
Mutual Funds
13. 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.
Saving
Yield
Predatory Lending
Deductions
14. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.
Market Capitalization
Self-Interest
Pay Period
Living Trust
15. Give back (tax return)
Interest
Balance Sheet
Retirement Planning
Return
16. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.
SEC Filings
Personal Allowances
Stock Exchanges
Personal Budget
17. Interest calculated on both the principal and the accrued interest
Collectibles
Money Market Accounts
Salary
Compound Interest
18. An accounting entry acknowledging income or capital items
Exemption
Credit
Interest-Only Loan
Debt Consolidation
19. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Deposit
Allocation
Total Debt
Adjustable-Rate Loan
20. All costs or bills related to the business
Asset
Expenses
Cannibalizing assets
Coverage
21. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Securities
Total Debt
Scarcity
Probate
22. A bank account that accumulates interest
Market Capitalization
Line of Credit
Ownership Investments
Savings Account
23. Having honest intentions
Self-Interest
Preferred Stock
Stock Symbol
Good Faith
24. Interest calculated on both the principal and the accrued interest
Mortage
Compound Interest
Interest Rate
Balance
25. Is your gross income after certain reductions have been made
Adjusted Gross Income
Probate
Loan Shark
Transaction
26. Financial organization that pools people's money and invests it
Indirect Car Loan
Predatory Lending
Mutual Funds
Adjusted Gross Income
27. Financial reports that summarize the financial condition and operations of a business
Bond Rating
Financial Statements
Probate
Withdrawal
28. The percentage of a sum of money charged for its use
Saving
Interest Rate
Withdrawal
Withdrawal
29. The amount of money you would need to deposit now in order to attain a desired amount in the future
Mutual Funds
Yield
Present Value
Deductions
30. The process of managing one's assets and wealth
Wealth Management
Checkbook Register
Market Capitalization
Maintain
31. The percentage of a sum of money charged for its use
Total Debt
Interest Rate
Allocation
Bond Rating
32. A penalty for making a payment after the due date
Mutual Funds
Insurance
Late Fee
Wealth Management
33. Can be found in a newspaper and shows information about popular stocks.
Lien
Identity Theft
Stock Table
Rent
34. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Securities
Yield
Shares Outstanding
Annual Report
35. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt
Billing Statement
SEC Filings
Distribution
Debt Consolidation
36. 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.
Float
Exemption
Secured Debt
Tax Liability
37. Things that incite or spur to action; rewards or reasons for performing a task.
Time value of money
Annual Fee
Incentives
Issuer
38. The time interval between the deposit of a check in a bank and its payment
Yield
Collectibles
Living Trust
Float
39. The interest rate that a bond issuer will pay to a bondholder
Certificates of Deposit
Statement of Cash Flows
Coupon Rate
Total Debt
40. Financial organization that pools people's money and invests it
Direct Car Loan
1040 tax form
Mutual Funds
Profit
41. 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
Savings Register
Exchange-Traded Funds
Executor
Identity Theft
42. Savings account that pays market rate or better interest and allows access to funds without penalty.
401 K
Pension
Money Market Accounts
Bank Statement
43. 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
Preferred Stock
Unsecured Debt
Transfer Payments
44. A bond with zero discounts
Zero-Coupon Bond
Phishing
Insolvent
Par Value
45. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Gross Income
Certificates of Deposit
Asset
Bankruptcy
46. Making money for owning something
Ownership Investments
Collectibles
Payday Loan
Personal Allowances
47. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
Zero-Coupon Bond
Balance Sheet
Cash
Interest-Only Loan
48. Limited quantities of resources to meet unlimited wants
Scarcity
401 K
Direct Car Loan
Coverage
49. The economical needs of an individual
Financial Needs
Installment Loan
Stock Exchanges
Personal Allowances
50. Someone who has insufficient assets to cover their debts
Distribution
Phishing
Inflation
Insolvent