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. Receiving money for loaning money






2. Receiving money for loaning money






3. Someone who has insufficient assets to cover their debts






4. The value of a security that is set by the company issuing it






5. Bring into consonance or accord - to agree on terms






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






7. The standard IRS form for individual tax returns.






8. A debt not backed by specific property to satisfy the indebtedness in case of default.






9. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index






10. The recipient of funds or other benefits






11. A specific plan for spending your income






12. Someone who has insufficient assets to cover their debts






13. The amount of tax owed






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






15. The apparent worth as opposed to the real worth






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






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






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






19. Payment for insurance






20. A bank account that accumulates interest






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






22. A person appointed by a testator to carry out the terms of the will






23. Loan where the lender goes through the borrower






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






25. 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.






26. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail






27. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt






28. The economical needs of an individual






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






30. A legal document declaring a person's wishes regarding the disposal of their property when they die






31. Anything that is used to produce goods or services






32. 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






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






34. Programs aimed at helping employees integrate - assimilate - and transition to new jobs






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






36. 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






37. Debt backed by a mortgage - pledge of collateral - or other lien; debt for which the creditor has the right to pursue specific pledged property upon default. Examples include home mortgages - auto loans and tax liens.






38. Anything that is used to produce goods or services






39. Compute credits and debits of an account






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






41. Payment for insurance






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






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






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






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






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






47. A debt; something disadvantageous






48. Bring into consonance or accord - to agree on terms






49. An accounting entry acknowledging sums that are owing






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