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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. Having honest intentions






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






3. Preparing a plan for transferring property during one's lifetime and at one's death






4. The extent to which something is covered






5. Place to create a savings account.






6. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.






7. A financial statement that gives operating results for a specific period






8. The interest rate that a bond issuer will pay to a bondholder






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






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






11. Funds that are often times traded through a stock exchange (NYSE)






12. A document - usually containing financial data - that a company delivers to the SEC and - thereby - to the public.






13. Something that is made open or revealed






14. Place to create a savings account.






15. Someone who lends money at excessive rates of interest






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






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






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






19. A guarantee of accrued benefits to participants at retirement age - regardless of their employment status at that time






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






21. An automatic loan made to you if you write a check for more money than you have in your account






22. Loan deal in which the actual lender may not be known to the borrower.






23. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.






24. An accounting entry acknowledging income or capital items






25. Loan with equal number of payments of the same amount over a fixed period of time.






26. The act of taking out money or other capital






27. The act of reducing the selling price of merchandise






28. The economical needs of an individual






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






30. Short-term and Long-term objectives that are driven by values.






31. A share set aside for a specific purpose






32. The extent to which something is covered






33. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid






34. A specific plan for spending your income






35. Compute credits and debits of an account






36. 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.






37. An accounting entry acknowledging sums that are owing






38. Something of value; a resource; an advantage






39. A financial statement that gives operating results for a specific period






40. Business organizations that accommodate the buying and selling of securities.






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






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






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






44. A specific plan for spending your income






45. Interest calculated on both the principal and the accrued interest






46. 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






47. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.






48. The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default






49. The recipient of funds or other benefits






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







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