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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. By planning ahead you can ensure financial stability during your retirement.
Total Debt
Market Capitalization
Retirement Planning
dividends
2. A debt; something disadvantageous
Pension
Liability
Salary
Unsecured Debt
3. Short-term and Long-term objectives that are driven by values.
Financial Goals
Consequence
Profit
Market Capitalization
4. A bond with zero discounts
Values
Mortage
Zero-Coupon Bond
Line of Credit
5. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Overdraft protection
Total Assets
Maintain
Net Income
6. Money paid to a worker
FICA
Wage
Yield
Savings Register
7. The shares available to sell/buy
Billing Statement
Inflation
Disclosure
Shares Outstanding
8. The process of making a decision - usually complex
Decison-making
Net Worth
Interest-Only Loan
Coverage
9. Simplified IRS tax form which some individuals can file instead of the 1040 form.
1040 EZ tax form
Yield
Issuer
Total Assets
10. Arrangement for deferred payment for goods and services
Income Statement
Credit
EDGAR
Estate Planning
11. A loan backed by something valuable - such as property
Par Value
Lending Investments
Secured Loan
Debit
12. Place to create a savings account.
Savings Register
Savings Account
Return
Income Statement
13. An accounting entry acknowledging income or capital items
Credit
Coverage
1040 EZ tax form
Securities
14. An obligation to pay money to another party
Lending Investments
Par Value
Liability
Inflation
15. The extent to which something is covered
Coverage
Tax Liability
Annual Report
Interest-Only Loan
16. A financial statement that gives operating results for a specific period
Decison-making
Income Statement
Net Worth
Stocks
17. 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
Exemptions
dividends
Usury
Exemption
18. Loan where the lender goes through the borrower
Forbearance
Direct Car Loan
Estate Planning
Values
19. Certificates that represent money the government has borrowed from private citizens
Statement of Cash Flows
Premium
Self-Interest
Bonds
20. Income before taxes
Gross Income
Cash
Profit
Financial Statements
21. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Disclosure
Saving
Profit
Values
22. 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.
Cash
Loan Shark
Zero-Coupon Bond
Interest Rate
23. Institution that functions much like a business - but does not operate for the purpose of generating profits
Lien
Retirement Planning
Nonprofit Organization
Risk
24. A specific plan for spending your income
Billing Statement
Personal Budget
W-4
Index Fund
25. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
dividends
Bankruptcy
Will
Property Rights
26. The time interval between the deposit of a check in a bank and its payment
Beneficiary
Loan
Float
SEC Filings
27. Institution that functions much like a business - but does not operate for the purpose of generating profits
Nonprofit Organization
Money Market Accounts
Billing Statement
Indirect Car Loan
28. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Debt Consolidation
Bankruptcy
Saving
Stockholders' Equity
29. The standard IRS form for individual tax returns.
1040 tax form
Allocation
Profit
Living Trust
30. Items of personal interest to collectors that can increase in value in the future
Face Value
Collectibles
FICA
Payday Loan
31. The right to take another's property if an obligation is not discharged
Lien
Savings Register
Exemption
Securities
32. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Insurance
Unsecured Debt
Pension
Total Assets
33. Limited quantities of resources to meet unlimited wants
Transaction
Shares Outstanding
Scarcity
Consequence
34. Business organizations that accommodate the buying and selling of securities.
Asset
Lien
Stock Exchanges
Bonds
35. A loan that is paid off in a fixed rate over a period of time
SEC Filings
Fixed-Rate Loan
Par Value
1040 tax form
36. The percentage of a sum of money charged for its use
dividends
Taxable Income
Interest Rate
Tax Liability
37. A debt; something disadvantageous
Zero-Coupon Bond
Total Debt
Liability
Values
38. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)
Unsecured Loan
Income
Transaction Fee
Exemption
39. The act of taking out money or other capital
1040 EZ tax form
Premium
Direct Car Loan
Withdrawal
40. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt
Index Fund
Debt Consolidation
Scarcity
Cannibalizing assets
41. Give back (tax return)
Stock Exchanges
Return
Interest Rate
Financial Statements
42. A financial statement that gives operating results for a specific period
Net Income
Income Statement
APR
Bonds
43. Short-term and Long-term objectives that are driven by values.
Financial Institution
Savings Register
Interest Rate
Financial Goals
44. Bring into consonance or accord - to agree on terms
Fixed-Rate Loan
Reconcile
Installment Loan
401 K
45. Financial reports that summarize the financial condition and operations of a business
Financial Statements
FICA
Executor
Debt Consolidation
46. A long-term loan extended to someone who buys property
Installment Loan
Personal Budget
Mortage
Self-Interest
47. A loan that is paid off in a fixed rate over a period of time
Fixed-Rate Loan
Securities
Executor
Loan Shark
48. Something that is made open or revealed
Disclosure
Mortage
Index Fund
W-4
49. An exchange that occurs as a compromise
Inflation
Pay Period
Trade-off
Checkbook Register
50. Funds that are often times traded through a stock exchange (NYSE)
APR
Shares Outstanding
Exchange-Traded Funds
Stockholders' Equity