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 debt; something disadvantageous






2. All costs or bills related to the business






3. A penalty for making a payment after the due date






4. Grant use or occupation of under a term of contract






5. The maximum credit that a customer is allowed






6. Receiving money for loaning money






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






8. The amount accruing to the corporations owners

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






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






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






12. The apparent worth as opposed to the real worth






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






14. A specific plan for spending your income






15. Diagnosis Codes (in CCB Popup if more then 5 codes)






16. 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.






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






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






19. The shares available to sell/buy






20. An accounting entry acknowledging income or capital items






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






22. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received






23. Simplified IRS tax form which some individuals can file instead of the 1040 form.






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






25. A payment given as a guarantee that an obligation will be met






26. Arrangement for deferred payment for goods and services






27. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) The income that is received






28. Something that is made open or revealed






29. 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.






30. Beliefs of a person or social group in which they have an emotional investment (either for or against something)






31. 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






32. A tax-deferred investment and savings plan that acts as a personal pension fund for employees






33. 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






34. All costs or bills related to the business






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






36. A business activity that changes assets - liabilities - or owner's equity






37. A tax-deferred investment and savings plan that acts as a personal pension fund for employees






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






39. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)






40. 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.






41. 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






42. 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.






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






44. Maintain by writing regular records






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






46. An extra charge for various credit activities such as using an ATM or receiving a cash advance






47. 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






48. A person appointed by a testator to carry out the terms of the will






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






50. Prompt payment for goods or services in currency or by check