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. Programs aimed at helping employees integrate - assimilate - and transition to new jobs






2. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.






3. Simplified IRS tax form which some individuals can file instead of the 1040 form.






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






5. 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.






6. The maximum credit that a customer is allowed






7. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid






8. The maximum credit that a customer is allowed






9. A business activity that changes assets - liabilities - or owner's equity






10. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received






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






12. 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.






13. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid






14. Preparing a plan for transferring property during one's lifetime and at one's death






15. Protection against future loss






16. A debt; something disadvantageous






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






18. The money paid for employee services






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






20. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure






21. A specific plan for spending your income






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






23. Diagnosis Codes (in CCB Popup if more then 5 codes)






24. An exchange that occurs as a compromise






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






26. The money paid for employee services






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






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






29. The standard IRS form for individual tax returns.






30. An amount of money given to the borrower for a set period of time. After the set time has passed - the money must be paid back plus the lending fee - called interest. Payments are normally made over a series of months.






31. The act of taking out money or other capital






32. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail






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






34. Electronic Data Gathering Analysis and Retrieval - the electronic system used by the SEC to enable investors to search electronically for financial reports filed by individual companies






35. Making money for owning something






36. Someone who lends money at excessive rates of interest






37. 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.






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






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






40. This stands for annual percentage rate - which is a number calculated by taking into account the total cost of the loan - including what the borrower will pay in interest; this makes it easier to compare different loan offers






41. Having honest intentions






42. Money paid to a worker






43. Income before taxes






44. The recipient of funds or other benefits






45. Stock other than preferred stock






46. An accounting entry acknowledging sums that are owing






47. Profits paid to investors






48. A loan where the payment is acheived through interest






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






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