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. Income on which tax must be paid; total income minus exemptions and deductions






2. Can be found in a newspaper and shows information about popular stocks.






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






4. The percentage of a sum of money charged for its use






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






6. Receiving money for loaning money






7. Give back (tax return)






8. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy






9. A specific plan for spending your income






10. 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.






11. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)






12. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets






13. 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.






14. A loan in which the rate can be altered to adjust to economical need






15. A loan in which the rate can be altered to adjust to economical need






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






17. Anything that is used to produce goods or services






18. Production of a certain amount






19. Diagnosis Codes (in CCB Popup if more then 5 codes)






20. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)






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






22. Money paid to a worker






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






24. The period covered by a salary payment






25. Payment for insurance






26. By planning ahead you can ensure financial stability during your retirement.






27. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation






28. A record of checks written and deposits made in a checking account - kept by the depositor






29. All costs or bills related to the business






30. Something that is made open or revealed






31. The economical needs of an individual






32. A general and progressive increase in prices






33. 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.






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






35. The act of proving that an instrument purporting to be a will was signed and executed in accord with legal requirements






36. An institution that issues something (securities or publications or currency etc.)






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






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






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






40. 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.






41. Something of value; a resource; an advantage






42. Making money for owning something






43. A fixed charge for borrowing money






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






45. Money paid to a worker






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






47. Income on which tax must be paid; total income minus exemptions and deductions






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






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. A periodic statement prepared by a bank for each client