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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. A loan where the payment is acheived through interest
Interest-Only Loan
Saving
Overdraft protection
Wealth Management
2. The outcome of an event especially as relative to an individual
Vesting
Consequence
Reconcile
Indirect Car Loan
3. Income before taxes
Adjustable-Rate Loan
Total Debt
Gross Income
Insurance
4. A loan backed by something valuable - such as property
Secured Loan
1040 EZ tax form
Income
W-4
5. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.
Statement of Cash Flows
Compound Interest
Nonprofit Organization
Risk
6. All costs or bills related to the business
Withdrawal
Vesting
Expenses
Shares Outstanding
7. Making money for owning something
Ownership Investments
Common Stock
Transaction
Financial Institution
8. An evaluation by a rating company of the probability that a particular bond issue will default
Saving
Zero-Coupon Bond
Adjustable-Rate Loan
Bond Rating
9. Financial organization that pools people's money and invests it
Predatory Lending
Rent
Mutual Funds
Consequence
10. The amount of tax owed
Total Assets
Nonprofit Organization
Tax Liability
Billing Statement
11. The money(usually a set amount) given to an individual to spend
Personal Allowances
Financial Statements
Foreclosure
Bonds
12. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Disclosure
Exemption
Saving
FICA
13. A debt; something disadvantageous
Opportunity Cost
Asset
Property Rights
Liability
14. A person appointed by a testator to carry out the terms of the will
Financial Needs
Living Trust
Executor
Bonds
15. Institution that functions much like a business - but does not operate for the purpose of generating profits
Direct Car Loan
Nonprofit Organization
Asset
Certificates of Deposit
16. Preparing a plan for transferring property during one's lifetime and at one's death
Estate Planning
Exchange-Traded Funds
Asset Allocation
Credit
17. An act of economizing
Profit
Net Income
Saving
Scarcity
18. 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
Interest
APR
Probate
Personal Allowances
19. Profits paid to investors
Insurance
dividends
Ownership Investments
Checkbook Register
20. The process of managing one's assets and wealth
Common Stock
Credit
Unsecured Loan
Wealth Management
21. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Pay Period
Resources
Interest Rate
Preferred Stock
22. 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
Bonds
Exemptions
Predatory Lending
Risk
23. A venture undertaken without regard to possible loss or injury
Executor
Credit
Forbearance
Risk
24. The date on which a financial obligation must be repaid
Insurance
Par Value
Risk
Maturity Date
25. Diagnosis Codes (in CCB Popup if more then 5 codes)
Secured Loan
Market Capitalization
Predatory Lending
I-9
26. A financial statement that gives operating results for a specific period
Inflation
Income Statement
Will
Annual Report
27. Things that incite or spur to action; rewards or reasons for performing a task.
Asset Allocation
Deduction
1040 EZ tax form
Incentives
28. Is your gross income after certain reductions have been made
Interest Rate
Vesting
Adjusted Gross Income
Saving
29. A person appointed by a testator to carry out the terms of the will
Common Stock
Cash
Mortage
Executor
30. Income before taxes
Transaction
Pay Period
Cannibalizing assets
Gross Income
31. A periodic statement prepared by a bank for each client
APR
Shares Outstanding
Wealth Management
Bank Statement
32. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt
Debt Consolidation
Bonds
Foreclosure
Overdraft protection
33. The amount accruing to the corporations owners
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34. An institution that issues something (securities or publications or currency etc.)
Property Rights
Issuer
Usury
Transaction
35. Can be found in a newspaper and shows information about popular stocks.
EFT
Yield
Stock Table
Self-Interest
36. Anything that is used to produce goods or services
Stock Table
Indirect Car Loan
Resources
Maintain
37. A delay in enforcing rights or claims or privileges
Debit
Deductible
Forbearance
Probate
38. Preparing a plan for transferring property during one's lifetime and at one's death
Float
I-9
Mutual Funds
Estate Planning
39. 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.
Secured Debt
Premium
Billing Statement
Checkbook Register
40. A delay in enforcing rights or claims or privileges
Vesting
Financial Statements
Rent
Forbearance
41. The process of making a decision - usually complex
Secured Debt
Values
Scarcity
Decison-making
42. Funds that are often times traded through a stock exchange (NYSE)
Exchange-Traded Funds
Credit
Withdrawal
W-4
43. Protection against future loss
Insurance
Vesting
Overdraft protection
Stock Symbol
44. 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
Balance Sheet
Securities
Cannibalizing assets
Inflation
45. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements
Incentives
Interest Rate
Probate
Unsecured Loan
46. 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.
Late Fee
Trade-off
Debt Consolidation
Interest Rate
47. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Return
Issuer
Present Value
Certificates of Deposit
48. Having honest intentions
Good Faith
W-4
Exemptions
1040 tax form
49. The sum of all bonds issued by the municipality and subtracts self-supporting debt from the figure
Allocation
Income
Balance
Total Debt
50. A yearly statement of the financial condition - progress - and expectations of an organization
Bond Rating
Annual Report
Float
Deductions