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






2. Income before taxes






3. Someone who lends money at excessive rates of interest






4. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy






5. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default






6. A yearly statement of the financial condition - progress - and expectations of an organization






7. The standard IRS form for individual tax returns.






8. Items of personal interest to collectors that can increase in value in the future






9. Income before taxes






10. All costs or bills related to the business






11. The money paid for employee services






12. Grant use or occupation of under a term of contract






13. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets






14. Loan where the lender goes through the borrower






15. Compute credits and debits of an account






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






17. The time interval between the deposit of a check in a bank and its payment






18. Money paid to a worker






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






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






21. 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






22. Shares of ownership in a company






23. Having honest intentions






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






25. Interest calculated on both the principal and the accrued interest






26. Income on which tax must be paid; total income minus exemptions and deductions






27. Profits paid to investors






28. Business organizations that accommodate the buying and selling of securities.






29. Production of a certain amount






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






31. Something of value; a resource; an advantage






32. Total assets minus total liabilities






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






34. Grant use or occupation of under a term of contract






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






36. An act of economizing






37. Concern for ones own well being and advantages






38. The shares available to sell/buy






39. The amount of money you would need to deposit now in order to attain a desired amount in the future






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






41. A specific plan for spending your income






42. Someone who has insufficient assets to cover their debts






43. Interest calculated on both the principal and the accrued interest






44. A long-term loan extended to someone who buys property






45. Maintain by writing regular records






46. The period covered by a salary payment






47. 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.






48. Making money for owning something






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






50. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.