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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. The maximum credit that a customer is allowed
Money Market Accounts
Maturity Date
Line of Credit
Credit
2. The amount of tax owed
Stocks
Tax Liability
Transaction
Maturity Date
3. Limited quantities of resources to meet unlimited wants
Scarcity
1040 EZ tax form
Property Rights
Living Trust
4. The value of a security that is set by the company issuing it
Secured Debt
Annual Fee
Par Value
Secured Loan
5. The act of reducing the selling price of merchandise
Issuer
Deduction
Time value of money
Net Income
6. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Adjusted Gross Income
Deductible
Nonprofit Organization
Property Rights
7. The money paid for employee services
Pay Period
Salary
Foreclosure
Financial Statements
8. The rights of an individual to own - use - rent - invest in - buy - and sell property.
Living Trust
Fixed-Rate Loan
Property Rights
Liability
9. The money(usually a set amount) given to an individual to spend
Yield
Tax Liability
Adjustable-Rate Loan
Personal Allowances
10. A delay in enforcing rights or claims or privileges
Bank Statement
Reconcile
Forbearance
Inflation
11. Things that incite or spur to action; rewards or reasons for performing a task.
Good Faith
Incentives
Distribution
Tax Liability
12. Electronic Funds Transfer
EFT
Scarcity
Adjusted Gross Income
Investing
13. Someone who lends money at excessive rates of interest
Compound Interest
Loan Shark
Credit
Savings Register
14. The withholding form each new employee fills out - stating the number of exemptions. the more exemptions listed - the less withholding tax will be taken from the paycheck.
Common Stock
W-4
Collectibles
Distribution
15. An evaluation by a rating company of the probability that a particular bond issue will default
Bond Rating
Zero-Coupon Bond
Lien
Bankruptcy
16. Give back (tax return)
Total Debt
APR
Foreclosure
Return
17. The act of lending money at an exorbitant rate of interest
Premium
Bank Statement
Usury
Adjusted Gross Income
18. 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.
Personal Allowances
Predatory Lending
401 K
Coupon Rate
19. The rights of an individual to own - use - rent - invest in - buy - and sell property.
Property Rights
Self-Interest
Checkbook Register
Transaction
20. An accounting entry acknowledging sums that are owing
Bonds
Bond Rating
Debit
Financial Goals
21. The interest rate that a bond issuer will pay to a bondholder
Self-Interest
Coupon Rate
Payday Loan
Insolvent
22. An exchange that occurs as a compromise
Incentives
Liability
Trade-off
Balance
23. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index
Interest Rate
Money Market Accounts
Bonds
Index Fund
24. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.
Consequence
Money Market Accounts
Interest-Only Loan
Statement of Cash Flows
25. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
Values
Vesting
Transfer Payments
Consequence
26. The recipient of funds or other benefits
Beneficiary
Billing Statement
Adjusted Gross Income
Unsecured Loan
27. 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.
Financial Institution
Executor
Net Income
Investing
28. 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.
Compound Interest
Transfer Payments
Lien
Bankruptcy
29. A loan made on the signature and credit of the borrower - not secured by collateral. Credit card. (Debenture)
Credit
Time value of money
Insurance
Unsecured Loan
30. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
Interest Rate
EFT
Billing Statement
Trade-off
31. A loan backed by something valuable - such as property
Financial Needs
Pay Period
Deduction
Secured Loan
32. An accounting entry acknowledging sums that are owing
Coupon Rate
Transfer Payments
Debit
Personal Budget
33. Compute credits and debits of an account
Interest
Balance
Exemptions
Statement of Cash Flows
34. 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
Wage
Exemptions
Phishing
Values
35. Loan where the lender goes through the borrower
Allocation
Living Trust
Stock Table
Direct Car Loan
36. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Certificates of Deposit
Good Faith
Risk
Coupon Rate
37. Stock other than preferred stock
Beneficiary
Common Stock
Line of Credit
Allocation
38. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Foreclosure
Withdrawal
Transaction Fee
Time value of money
39. Anything that is used to produce goods or services
Decison-making
Vesting
Profit
Resources
40. An institution that issues something (securities or publications or currency etc.)
Issuer
Good Faith
Yield
Collectibles
41. A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index
Compound Interest
Index Fund
Gross Income
Incentives
42. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Transfer Payments
Beneficiary
Mutual Funds
Securities
43. Someone who lends money at excessive rates of interest
Insurance
Installment Loan
APR
Loan Shark
44. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Good Faith
Income Statement
1040 tax form
Securities
45. Concern for ones own well being and advantages
Bank Statement
Self-Interest
Face Value
Shares Outstanding
46. Compute credits and debits of an account
Lien
Salary
401 K
Balance
47. A business activity that changes assets - liabilities - or owner's equity
Liability
Transaction
Loan Shark
Savings Account
48. A financial statement that gives operating results for a specific period
Stock Symbol
Mutual Funds
Bankruptcy
Income Statement
49. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Certificates of Deposit
Securities
Exemption
Rent
50. 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
Identity Theft
Float
Beneficiary
Withdrawal