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






2. 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.






3. The period covered by a salary payment






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






5. Short for Federal Insurance Contributions Act - the name given on the paycheck stub for Social Security and Medicare taxes. The employee pays some of the FICA tax - and and the employer pays some of this tax for each employee. Social Security pays be






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






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






8. The apparent worth as opposed to the real worth






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






10. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.






11. Something of value; a resource; an advantage






12. 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






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






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






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






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






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






18. A fixed charge for borrowing money






19. A delay in enforcing rights or claims or privileges






20. The act of committing money or capital to an endeavor (a business - project - real estate - etc.) with the expectation of obtaining an additional income or profit.






21. Funds that are often times traded through a stock exchange (NYSE)






22. 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






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






24. Income before taxes






25. 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






26. Arrangement for deferred payment for goods and services






27. A payment given as a guarantee that an obligation will be met






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






29. The distribution of investment funds among broad classes of assets.






30. The shares available to sell/buy






31. Place to create a savings account.






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






33. A record of checks written and deposits made in a checking account - kept by the depositor






34. The act of committing money or capital to an endeavor (a business - project - real estate - etc.) with the expectation of obtaining an additional income or profit.






35. A bank account that accumulates interest






36. All costs or bills related to the business






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






38. Someone who lends money at excessive rates of interest






39. Shares of ownership in a company






40. A regular payment to a person that iis intended to allow them to subsist without working






41. The extent to which something is covered






42. The money(usually a set amount) given to an individual to spend






43. 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.






44. The amount of tax owed






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






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






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






48. A payment given as a guarantee that an obligation will be met






49. 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






50. A record of checks written and deposits made in a checking account - kept by the depositor






Can you answer 50 questions in 15 minutes?



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