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. Stock other than preferred stock






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






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






4. Receiving money for loaning money






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






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






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






8. The money paid for employee services






9. The shares available to sell/buy






10. 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






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






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






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






14. Someone who lends money at excessive rates of interest






15. Production of a certain amount






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






17. The apparent worth as opposed to the real worth






18. 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






19. A share set aside for a specific purpose






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






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






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






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






24. Funds that pay part of their distributions out of principal cannibalize their assets. This depletes the fund's asset base. Funds cannibalize assets to maintain a dividend and keep shareholders happy. However - like feeding a cow its own milk - this p






25. 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






26. A loan where the payment is acheived through interest






27. 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






28. A specific plan for spending your income






29. 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.






30. Making money for owning something






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






32. 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.






33. A tax-deferred investment and savings plan that acts as a personal pension fund for employees






34. A share set aside for a specific purpose






35. Prompt payment for goods or services in currency or by check






36. 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.






37. The commercial activity of transporting and selling goods from a producer to a consumer






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






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






40. Anything that is used to produce goods or services






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






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






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






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






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






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






47. Loan where the lender goes through the borrower






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






49. An amount that credit card companies can charge for the use of a credit card.






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