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. Institution that functions much like a business - but does not operate for the purpose of generating profits






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






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






4. 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






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






6. The act of taking out money or other capital






7. A bank account that accumulates interest






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






9. Income before taxes






10. Loan deal in which the actual lender may not be known to the borrower.






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






12. Certificates that represent money the government has borrowed from private citizens






13. Profits paid to investors






14. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights






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






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






17. A loan where the payment is acheived through interest






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






19. A debt; something disadvantageous






20. Bring into consonance or accord - to agree on terms






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






22. Whatever must be given up to obtain some item






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






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






25. Receiving money for loaning money






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






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






28. 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.






29. The withholding form each new employee fills out - stating the number of exemptions. the more exemptions listed - the less withholding tax will be taken from the paycheck.






30. Receiving money for loaning money






31. Profits paid to investors






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






33. An act of economizing






34. Limited quantities of resources to meet unlimited wants






35. Concern for ones own well being and advantages






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






37. Arrangement for deferred payment for goods and services






38. The amount accruing to the corporations owners

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39. An extra charge for various credit activities such as using an ATM or receiving a cash advance






40. An institution that issues something (securities or publications or currency etc.)






41. The standard IRS form for individual tax returns.






42. Give back (tax return)






43. Financial reports that summarize the financial condition and operations of a business






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






45. Whatever must be given up to obtain some item






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






47. The interest rate that a bond issuer will pay to a bondholder






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






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






50. Savings account that pays market rate or better interest and allows access to funds without penalty.