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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. Someone who has insufficient assets to cover their debts
Insolvent
Tax Liability
Certificates of Deposit
Savings Account
2. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Beneficiary
Retirement Planning
Asset Allocation
Bankruptcy
3. A loan in which the rate can be altered to adjust to economical need
Reconcile
Bonds
Tax Liability
Adjustable-Rate Loan
4. A payment given as a guarantee that an obligation will be met
SEC Filings
Insolvent
On-Boarding
Deposit
5. Income on which tax must be paid; total income minus exemptions and deductions
Pension
Liability
W-4
Taxable Income
6. Beliefs of a person or social group in which they have an emotional investment (either for or against something)
Values
Good Faith
Mutual Funds
Opportunity Cost
7. The outcome of an event especially as relative to an individual
Consequence
Interest Rate
Decison-making
Disclosure
8. Grant use or occupation of under a term of contract
Zero-Coupon Bond
Exemptions
Adjusted Gross Income
Rent
9. The apparent worth as opposed to the real worth
Saving
401 K
Annual Fee
Face Value
10. 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.
Expenses
Time value of money
Insolvent
W-4
11. Institution that functions much like a business - but does not operate for the purpose of generating profits
Insolvent
Nonprofit Organization
Asset
Vesting
12. A penalty for making a payment after the due date
401 K
Late Fee
EFT
Scarcity
13. An estimation of the value of a business that is obtained by multiplying the number of shares outstanding by the current price of a share
APR
Market Capitalization
Insolvent
Expenses
14. Compute credits and debits of an account
Mutual Funds
Cannibalizing assets
Phishing
Balance
15. All of the investments - including stocks - bonds - mutual funds - options - and commodities - that are traded.
Net Worth
Maintain
Maturity Date
Securities
16. A share set aside for a specific purpose
Allocation
Asset Allocation
Opportunity Cost
Money Market Accounts
17. The money(usually a set amount) given to an individual to spend
Will
Debt Consolidation
Personal Allowances
Foreclosure
18. All costs or bills related to the business
Disclosure
Foreclosure
FICA
Expenses
19. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail
Debt Consolidation
Phishing
Vesting
Financial Goals
20. 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.
Lien
Inflation
Predatory Lending
Collectibles
21. 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
Usury
Exemptions
Compound Interest
Cash
22. Income before taxes
Reconcile
Gross Income
Phishing
Investing
23. Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Preferred Stock
Par Value
Scarcity
Financial Institution
24. Place to create a savings account.
Mortage
Common Stock
Savings Register
Values
25. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt
FICA
Time value of money
Debt Consolidation
Stock Symbol
26. Give back (tax return)
APR
Deposit
Return
Coverage
27. Your periodic credit card bill - which describes and summarizes all the outstanding balances - purchases - payments - credits - finance charges and other transactions for the month
Transfer Payments
Billing Statement
Credit
Transaction
28. An accounting entry acknowledging income or capital items
Credit
Money Market Accounts
Estate Planning
Property Rights
29. The economical needs of an individual
Decison-making
Financial Needs
Opportunity Cost
Reconcile
30. Certificates that represent money the government has borrowed from private citizens
Float
Bonds
Expenses
Preferred Stock
31. The act of reducing the selling price of merchandise
Stock Symbol
Certificates of Deposit
Deduction
On-Boarding
32. Receiving money for loaning money
Consequence
FICA
Lending Investments
Statement of Cash Flows
33. The rights of an individual to own - use - rent - invest in - buy - and sell property.
Asset Allocation
Saving
Distribution
Property Rights
34. Concern for ones own well being and advantages
Rent
Liability
Self-Interest
Savings Register
35. Financial reports that summarize the financial condition and operations of a business
Wage
Coupon Rate
Financial Statements
Credit
36. 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
Debit
Identity Theft
Allocation
EDGAR
37. Certificates that represent money the government has borrowed from private citizens
Face Value
Bonds
Cash
Personal Budget
38. The commercial activity of transporting and selling goods from a producer to a consumer
Distribution
Identity Theft
Asset
Statement of Cash Flows
39. The process of managing one's assets and wealth
Wealth Management
Stock Exchanges
Bank Statement
Annual Fee
40. By planning ahead you can ensure financial stability during your retirement.
Debit
Net Worth
Asset Allocation
Retirement Planning
41. The apparent worth as opposed to the real worth
Face Value
Incentives
Exemptions
Billing Statement
42. 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.
Investing
Secured Loan
Checkbook Register
Loan
43. Diagnosis Codes (in CCB Popup if more then 5 codes)
I-9
Pay Period
Stock Table
Face Value
44. An act of economizing
Personal Budget
Balance
Saving
Inflation
45. The process of making a decision - usually complex
Trade-off
W-4
Decison-making
Vesting
46. Limited quantities of resources to meet unlimited wants
Scarcity
Reconcile
Annual Fee
Compound Interest
47. Someone who has insufficient assets to cover their debts
Savings Register
Insolvent
Unsecured Loan
Rent
48. A specific plan for spending your income
Trade-off
Face Value
Compound Interest
Personal Budget
49. Act of combinging all debts into one monthly payment - typically extending the terms and the length of time required to repay the debt
Gross Income
Allocation
Debt Consolidation
Mutual Funds
50. Shares of ownership in a company
Stock Table
Stocks
1040 EZ tax form
Deductible