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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. 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.
Time value of money
Loan
Good Faith
Checkbook Register
2. The process of making a decision - usually complex
Decison-making
Unsecured Debt
Cannibalizing assets
Maintain
3. The value of a security that is set by the company issuing it
Inflation
Disclosure
Par Value
Usury
4. Compute credits and debits of an account
Balance
Interest Rate
Lending Investments
Issuer
5. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
1040 EZ tax form
Transaction Fee
dividends
On-Boarding
6. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Zero-Coupon Bond
Balance Sheet
Total Debt
Secured Loan
7. The act of taking out money or other capital
Withdrawal
Adjusted Gross Income
I-9
Wage
8. Savings account that pays market rate or better interest and allows access to funds without penalty.
Balance Sheet
Personal Allowances
Identity Theft
Money Market Accounts
9. Arrangement for deferred payment for goods and services
Credit
Pension
Beneficiary
Coverage
10. A delay in enforcing rights or claims or privileges
Bank Statement
Forbearance
Estate Planning
Zero-Coupon Bond
11. An amount that credit card companies can charge for the use of a credit card.
FICA
1040 tax form
Annual Fee
Debt Consolidation
12. Maintain by writing regular records
Maintain
Credit
Disclosure
Return
13. Institution that functions much like a business - but does not operate for the purpose of generating profits
Pension
Nonprofit Organization
Total Debt
Vesting
14. The interest rate that a bond issuer will pay to a bondholder
Secured Loan
Transaction
Insolvent
Coupon Rate
15. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Deductible
Salary
Credit
Profit
16. Someone who lends money at excessive rates of interest
Loan Shark
Ownership Investments
Deduction
Mutual Funds
17. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)
Unsecured Loan
Wealth Management
Float
W-4
18. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
Transaction Fee
EDGAR
Self-Interest
Billing Statement
19. An exchange that occurs as a compromise
Trade-off
Savings Register
Present Value
Vesting
20. Income on which tax must be paid; total income minus exemptions and deductions
Tax Liability
Installment Loan
Financial Institution
Taxable Income
21. A tax-deferred investment and savings plan that acts as a personal pension fund for employees
401 K
APR
Unsecured Loan
Exemption
22. A person appointed by a testator to carry out the terms of the will
Yield
Allocation
Executor
Tax Liability
23. An extra charge for various credit activities such as using an ATM or receiving a cash advance
Transaction Fee
Exchange-Traded Funds
Bonds
Beneficiary
24. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Total Assets
Financial Statements
Adjusted Gross Income
Resources
25. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Decison-making
Will
Credit
Bankruptcy
26. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Mutual Funds
Certificates of Deposit
Asset
dividends
27. The act of reducing the selling price of merchandise
Annual Fee
Predatory Lending
Transaction
Deduction
28. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Balance Sheet
APR
Securities
Index Fund
29. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Debt Consolidation
Mortage
Probate
Lending Investments
30. Production of a certain amount
Indirect Car Loan
Yield
Money Market Accounts
Liability
31. Prompt payment for goods or services in currency or by check
Zero-Coupon Bond
Savings Register
Cash
Collectibles
32. The time interval between the deposit of a check in a bank and its payment
Float
W-4
Stockholders' Equity
Good Faith
33. 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
APR
Predatory Lending
Probate
Collectibles
34. A loan that is paid off in a fixed rate over a period of time
Probate
Exchange-Traded Funds
Fixed-Rate Loan
Credit
35. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Will
Return
Financial Statements
Time value of money
36. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Decison-making
Yield
Loan
Total Debt
37. Something that is made open or revealed
Nonprofit Organization
Disclosure
Cash
Stock Table
38. A specific plan for spending your income
Vesting
Property Rights
Vesting
Personal Budget
39. Arrangement for deferred payment for goods and services
Bonds
Inflation
Credit
Property Rights
40. By planning ahead you can ensure financial stability during your retirement.
Balance
Loan Shark
Retirement Planning
Annual Fee
41. Items of personal interest to collectors that can increase in value in the future
Annual Report
Statement of Cash Flows
Collectibles
Annual Fee
42. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Personal Allowances
Bonds
Preferred Stock
Cannibalizing assets
43. A record of checks written and deposits made in a checking account - kept by the depositor
Certificates of Deposit
EDGAR
Checkbook Register
Transaction
44. 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
Interest-Only Loan
Exemptions
Transaction
Loan Shark
45. 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
Identity Theft
Stock Exchanges
Income
Balance
46. An obligation to pay money to another party
Liability
Mutual Funds
EDGAR
EDGAR
47. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
Values
Savings Account
Probate
Credit
48. The money paid for employee services
Transaction
Beneficiary
Salary
Executor
49. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
Pay Period
Balance Sheet
Financial Goals
Phishing
50. A fixed charge for borrowing money
Interest
Installment Loan
Mutual Funds
Nonprofit Organization