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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. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Transaction Fee
Stockholders' Equity
Certificates of Deposit
Income Statement
2. A general and progressive increase in prices
Vesting
Inflation
I-9
Adjusted Gross Income
3. Profits paid to investors
dividends
SEC Filings
Opportunity Cost
Interest Rate
4. The money(usually a set amount) given to an individual to spend
Disclosure
Personal Allowances
Coverage
401 K
5. The maximum credit that a customer is allowed
Interest Rate
Line of Credit
Financial Goals
Par Value
6. A trust taking effect during the lifetime of a trustor. Also called an inter vivos trust.
Living Trust
Will
Stock Exchanges
Usury
7. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Face Value
Consequence
Interest Rate
Securities
8. Time deposits that state the amount of the deposit - maturity - and rate of intrest being paid
Checkbook Register
Certificates of Deposit
dividends
SEC Filings
9. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Forbearance
Time value of money
Personal Budget
Maturity Date
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.
Income
1040 tax form
Net Income
Investing
11. Items which the IRS allows to be subtracted from your gross taxable income in order to determine your taxable income.
Deductions
Cannibalizing assets
Bankruptcy
Collectibles
12. Increase of an amount of money as a result of interest or dividends earned - directly corresponds with inflation
Saving
Self-Interest
Time value of money
EFT
13. Preparing a plan for transferring property during one's lifetime and at one's death
Transfer Payments
I-9
Incentives
Estate Planning
14. An accounting entry acknowledging income or capital items
Stockholders' Equity
Secured Loan
Credit
Distribution
15. Savings account that pays market rate or better interest and allows access to funds without penalty.
FICA
Gross Income
Lien
Money Market Accounts
16. Production of a certain amount
Yield
Direct Car Loan
Asset Allocation
Income Statement
17. The time interval between the deposit of a check in a bank and its payment
Liability
Line of Credit
Transfer Payments
Float
18. The amount of money you would need to deposit now in order to attain a desired amount in the future
Interest Rate
Present Value
Wage
Personal Allowances
19. Arrangement for deferred payment for goods and services
Return
Credit
SEC Filings
Stock Exchanges
20. The rights of an individual to own - use - rent - invest in - buy - and sell property.
Property Rights
Estate Planning
Values
Transfer Payments
21. An amount of money given to the borrower for a set period of time. After the set time has passed - the money must be paid back plus the lending fee - called interest. Payments are normally made over a series of months.
Yield
Loan
Zero-Coupon Bond
Indirect Car Loan
22. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
Personal Allowances
On-Boarding
Financial Institution
Common Stock
23. The money(usually a set amount) given to an individual to spend
Reconcile
I-9
Opportunity Cost
Personal Allowances
24. A loan that is paid off in a fixed rate over a period of time
Interest
Liability
Fixed-Rate Loan
Personal Budget
25. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money
Good Faith
Adjustable-Rate Loan
Financial Institution
Collectibles
26. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Phishing
Transfer Payments
Securities
Lien
27. Financial organization that pools people's money and invests it
APR
Mutual Funds
Cash
Par Value
28. An institution that issues something (securities or publications or currency etc.)
Consequence
Disclosure
Present Value
Issuer
29. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
Lien
Balance Sheet
401 K
Lending Investments
30. The extent to which something is covered
Adjustable-Rate Loan
Coverage
Unsecured Debt
Secured Loan
31. Shares of ownership in a company
Time value of money
Balance Sheet
Stocks
Pension
32. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
Balance Sheet
Beneficiary
Wage
1040 EZ tax form
33. Bring into consonance or accord - to agree on terms
Forbearance
Reconcile
Stocks
Identity Theft
34. A loan backed by something valuable - such as property
Secured Loan
EDGAR
Beneficiary
Withdrawal
35. Short-term and Long-term objectives that are driven by values.
Pay Period
Credit
Financial Goals
Stock Table
36. Grant use or occupation of under a term of contract
Rent
Interest
Late Fee
Money Market Accounts
37. A penalty for making a payment after the due date
I-9
Beneficiary
Phishing
Late Fee
38. The outcome of an event especially as relative to an individual
Market Capitalization
Consequence
Float
Overdraft protection
39. The value of a security that is set by the company issuing it
Time value of money
Bonds
Par Value
Mutual Funds
40. An amount that credit card companies can charge for the use of a credit card.
Predatory Lending
Annual Fee
Balance
Pay Period
41. A loan where a borrower gets a cash advanced based on his paycheck. These loans generally must be repaid on the next payday.
Payday Loan
Market Capitalization
Loan Shark
Personal Budget
42. Institution that functions much like a business - but does not operate for the purpose of generating profits
Living Trust
Stock Table
Payday Loan
Nonprofit Organization
43. An automatic loan made to you if you write a check for more money than you have in your account
Profit
Asset Allocation
Overdraft protection
Predatory Lending
44. A payment given as a guarantee that an obligation will be met
Total Debt
Scarcity
Deposit
Float
45. The sum of current - fixed and intangible assets - which represents everything of value that is owned by the company
Total Assets
FICA
Opportunity Cost
Investing
46. 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.
Debt Consolidation
Expenses
Secured Debt
Time value of money
47. Compute credits and debits of an account
Common Stock
401 K
Forbearance
Balance
48. The amount accruing to the corporations owners
49. An amount that credit card companies can charge for the use of a credit card.
Preferred Stock
Overdraft protection
Annual Fee
Market Capitalization
50. Anything that is used to produce goods or services
Collectibles
Fixed-Rate Loan
Resources
Forbearance