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. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation






2. Things that incite or spur to action; rewards or reasons for performing a task.






3. Anything that is used to produce goods or services






4. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)






5. Cash payments made by the government to people who do not supply goods - services - or labor in exchange for these payments. They include Social Security benefits - veterans' benefits - and welfare payments.






6. A fixed charge for borrowing money






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






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






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






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






11. 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






12. A general and progressive increase in prices






13. A loan in which the rate can be altered to adjust to economical need






14. A specific plan for spending your income






15. A person appointed by a testator to carry out the terms of the will






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






17. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.






18. A loan where the payment is acheived through interest






19. The financial gain (earned or unearned) accruing over a given period of time






20. 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






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






22. Concern for ones own well being and advantages






23. An automatic loan made to you if you write a check for more money than you have in your account






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






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






26. Immunity from a general burden - tax or charge; in bankruptcy or judgment executions - that portion of the debtor's property that cannot be liquidiated and applied to her debts






27. An evaluation by a rating company of the probability that a particular bond issue will default






28. An exchange that occurs as a compromise






29. The act of taking out money or other capital






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






31. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company






32. All costs or bills related to the business






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






34. Loan where the lender goes through the borrower






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






36. An automatic loan made to you if you write a check for more money than you have in your account






37. The value of a security that is set by the company issuing it






38. A debt; something disadvantageous






39. Whatever must be given up to obtain some item






40. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money






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






42. Arrangement for deferred payment for goods and services






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






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






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






46. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.






47. A bond with zero discounts






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






49. A periodic statement prepared by a bank for each client






50. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group