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. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time






2. A fixed charge for borrowing money






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






4. Beliefs of a person or social group in which they have an emotional investment (either for or against something)






5. An accounting entry acknowledging sums that are owing






6. The standard IRS form for individual tax returns.






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






8. Beliefs of a person or social group in which they have an emotional investment (either for or against something)






9. The period covered by a salary payment






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






11. Receiving money for loaning money






12. Having honest intentions






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






14. 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






15. A long-term loan extended to someone who buys property






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






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






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






19. A loan that is paid off in a fixed rate over a period of time






20. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.






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






22. The process of making a decision - usually complex






23. Is your gross income after certain reductions have been made






24. A share set aside for a specific purpose






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






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






28. Something of value; a resource; an advantage






29. The act of lending money at an exorbitant rate of interest






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






31. The recipient of funds or other benefits






32. The right to take another's property if an obligation is not discharged






33. A venture undertaken without regard to possible loss or injury






34. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time






35. Limited quantities of resources to meet unlimited wants






36. The act of taking out money or other capital






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






38. 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






39. 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.






40. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure






41. Arrangement for deferred payment for goods and services






42. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month






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






44. The act of reducing the selling price of merchandise






45. A debt; something disadvantageous






46. A venture undertaken without regard to possible loss or injury






47. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount






48. Protection against future loss






49. 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.






50. Production of a certain amount