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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. Grant use or occupation of under a term of contract
Savings Register
Rent
Asset Allocation
Par Value
2. Prompt payment for goods or services in currency or by check
Cash
Distribution
Values
Personal Budget
3. A legal document declaring a person's wishes regarding the disposal of their property when they die
FICA
Probate
Will
Money Market Accounts
4. Electronic Funds Transfer
EFT
Income Statement
Wage
Stock Table
5. The distribution of investment funds among broad classes of assets.
Balance
Total Assets
Asset Allocation
Consequence
6. A venture undertaken without regard to possible loss or injury
Risk
Lien
Vesting
Mutual Funds
7. The amount of money you would need to deposit now in order to attain a desired amount in the future
Secured Debt
Present Value
Credit
Transaction
8. The recipient of funds or other benefits
Beneficiary
Stockholders' Equity
Adjustable-Rate Loan
Zero-Coupon Bond
9. The process of managing one's assets and wealth
Wealth Management
Preferred Stock
Statement of Cash Flows
Financial Statements
10. The maximum credit that a customer is allowed
Distribution
Will
Line of Credit
Personal Budget
11. Maintain by writing regular records
Investing
Deduction
Vesting
Maintain
12. 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
Disclosure
Lien
Secured Loan
13. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Face Value
Total Assets
Coupon Rate
Probate
14. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Certificates of Deposit
Personal Budget
Lending Investments
Time value of money
15. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Estate Planning
Net Worth
Preferred Stock
Foreclosure
16. The rights of an individual to own - use - rent - invest in - buy - and sell property.
EDGAR
Balance Sheet
Property Rights
Securities
17. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Unsecured Debt
Probate
Transfer Payments
On-Boarding
18. An obligation to pay money to another party
Annual Fee
Checkbook Register
Liability
Consequence
19. Something that is made open or revealed
Disclosure
Deduction
Payday Loan
1040 EZ tax form
20. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.
SEC Filings
Certificates of Deposit
Expenses
Face Value
21. A bond with zero discounts
Coupon Rate
Deductible
Zero-Coupon Bond
Payday Loan
22. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
Balance Sheet
Property Rights
Incentives
On-Boarding
23. Stock other than preferred stock
Financial Needs
Common Stock
Present Value
Securities
24. A loan where the payment is acheived through interest
Financial Needs
Personal Budget
Interest-Only Loan
Vesting
25. Arrangement for deferred payment for goods and services
Credit
Bankruptcy
Par Value
Predatory Lending
26. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index
Expenses
Financial Institution
Taxable Income
Index Fund
27. Loan with equal number of payments of the same amount over a fixed period of time.
Risk
I-9
Installment Loan
Maintain
28. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
On-Boarding
Total Assets
Certificates of Deposit
Usury
29. Receiving money for loaning money
Credit
Pay Period
Lending Investments
Unsecured Loan
30. 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.
Transfer Payments
Allocation
Vesting
Investing
31. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received
Self-Interest
Pay Period
Net Income
Secured Loan
32. The amount accruing to the corporations owners
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33. Loan deal in which the actual lender may not be known to the borrower.
Return
Annual Report
Indirect Car Loan
Trade-off
34. The act of lending money at an exorbitant rate of interest
Executor
Indirect Car Loan
Usury
Checkbook Register
35. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group
Stock Symbol
Exemption
FICA
Debit
36. 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.
Loan
Zero-Coupon Bond
Savings Account
Rent
37. A loan that is paid off in a fixed rate over a period of time
Unsecured Debt
Fixed-Rate Loan
Savings Account
FICA
38. 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.
Investing
Net Worth
Premium
Profit
39. Savings account that pays market rate or better interest and allows access to funds without penalty.
Money Market Accounts
Insurance
Probate
Saving
40. Funds that are often times traded through a stock exchange (NYSE)
Exchange-Traded Funds
Loan
Mutual Funds
Stockholders' Equity
41. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Will
Profit
W-4
Predatory Lending
42. The outcome of an event especially as relative to an individual
Insolvent
Consequence
Balance
Foreclosure
43. The time interval between the deposit of a check in a bank and its payment
Float
Coverage
Stocks
Interest Rate
44. A penalty for making a payment after the due date
Late Fee
Total Assets
Billing Statement
Distribution
45. Financial organization that pools people's money and invests it
Mutual Funds
Salary
Nonprofit Organization
Asset
46. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Direct Car Loan
Exchange-Traded Funds
Secured Loan
Exemption
47. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Certificates of Deposit
1040 tax form
Deductible
Scarcity
48. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Liability
Withdrawal
Preferred Stock
Stocks
49. A bank account that accumulates interest
Vesting
Deduction
Income
Savings Account
50. Having honest intentions
Loan
Net Worth
Good Faith
Preferred Stock