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






2. Someone who has insufficient assets to cover their debts






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






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






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






6. Whatever must be given up to obtain some item






7. A long-term loan extended to someone who buys property






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






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






10. Place to create a savings account.






11. 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.






12. A debt; something disadvantageous






13. The apparent worth as opposed to the real worth






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






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






16. The standard IRS form for individual tax returns.






17. The period covered by a salary payment






18. A bank account that accumulates interest






19. The maximum credit that a customer is allowed






20. Electronic Data Gathering Analysis and Retrieval - the electronic system used by the SEC to enable investors to search electronically for financial reports filed by individual companies






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






22. Certificates that represent money the government has borrowed from private citizens






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






24. 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






25. Maintain by writing regular records






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






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






28. The amount of money you would need to deposit now in order to attain a desired amount in the future






29. The letters used to identify listed companies on the securities exchanges where they are traded (DPS) Dr. Pepper Snapple Group






30. 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.






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






32. Receiving money for loaning money






33. This stands for annual percentage rate - which is a number calculated by taking into account the total cost of the loan - including what the borrower will pay in interest; this makes it easier to compare different loan offers






34. The economical needs of an individual






35. A share set aside for a specific purpose






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






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






38. Maintain by writing regular records






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






40. A bond with zero discounts






41. Savings account that pays market rate or better interest and allows access to funds without penalty.






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






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






44. An act of economizing






45. The money paid for employee services






46. A bank - credit union - savings and loan - or other organization that offers services related to saving and borrowing money






47. The distribution of investment funds among broad classes of assets.






48. Give back (tax return)






49. Making money for owning something






50. A general and progressive increase in prices