SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
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. Payment for insurance
Phishing
Balance Sheet
Exemptions
Premium
2. Arrangement for deferred payment for goods and services
Bond Rating
Issuer
Mutual Funds
Credit
3. The amount accruing to the corporations owners
4. The money(usually a set amount) given to an individual to spend
Decison-making
Personal Allowances
Checkbook Register
Ownership Investments
5. An obligation to pay money to another party
Liability
Cannibalizing assets
Stock Exchanges
Mutual Funds
6. Is your gross income after certain reductions have been made
Mutual Funds
Trade-off
Adjusted Gross Income
Statement of Cash Flows
7. The process of managing one's assets and wealth
Wealth Management
Beneficiary
Transaction
Par Value
8. A share set aside for a specific purpose
Insolvent
401 K
Transaction Fee
Allocation
9. Financial statement that reports cash receipts and disbursements related to a firm's three major activities: operations - investments - and financing.
Index Fund
Good Faith
Statement of Cash Flows
Credit
10. The extent to which something is covered
Liability
Coverage
Common Stock
Distribution
11. A yearly statement of the financial condition - progress - and expectations of an organization
Balance Sheet
Annual Report
W-4
Market Capitalization
12. The act of lending money at an exorbitant rate of interest
Usury
Interest
Collectibles
Wealth Management
13. Maintain by writing regular records
Ownership Investments
Maintain
Savings Register
Transaction Fee
14. The maximum credit that a customer is allowed
Line of Credit
Adjusted Gross Income
Exemption
Cannibalizing assets
15. Loan deal in which the actual lender may not be known to the borrower.
Income
Time value of money
Secured Loan
Indirect Car Loan
16. The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Profit
Insolvent
Market Capitalization
Bonds
17. 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.
W-4
Line of Credit
Personal Budget
Insolvent
18. All costs or bills related to the business
Expenses
Exemptions
Opportunity Cost
SEC Filings
19. The shares available to sell/buy
Interest
Tax Liability
Shares Outstanding
Total Assets
20. The date on which a financial obligation must be repaid
Withdrawal
Maintain
Scarcity
Maturity Date
21. The shares available to sell/buy
Certificates of Deposit
Shares Outstanding
Stockholders' Equity
Gross Income
22. Compute credits and debits of an account
Profit
Balance
Forbearance
Total Assets
23. A record of checks written and deposits made in a checking account - kept by the depositor
Adjustable-Rate Loan
Checkbook Register
Probate
Pay Period
24. The commercial activity of transporting and selling goods from a producer to a consumer
FICA
Distribution
Credit
Mortage
25. The financial gain (earned or unearned) accruing over a given period of time
Incentives
Income
Lien
Shares Outstanding
26. An accounting entry acknowledging income or capital items
Bonds
Credit
Par Value
Withdrawal
27. A bond with zero discounts
Personal Allowances
Zero-Coupon Bond
Stock Exchanges
Certificates of Deposit
28. The period covered by a salary payment
FICA
Pay Period
Reconcile
Checkbook Register
29. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail
Phishing
1040 EZ tax form
Fixed-Rate Loan
Allocation
30. The percentage of a sum of money charged for its use
Saving
Interest Rate
Lending Investments
Preferred Stock
31. 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.
Secured Debt
Interest
Decison-making
Money Market Accounts
32. A share set aside for a specific purpose
Profit
Allocation
Deductible
Debit
33. Programs aimed at helping employees integrate - assimilate - and transition to new jobs
On-Boarding
Opportunity Cost
Index Fund
Debit
34. A payment given as a guarantee that an obligation will be met
Total Assets
Deposit
Checkbook Register
Good Faith
35. Savings account that pays market rate or better interest and allows access to funds without penalty.
Cash
Reconcile
Exchange-Traded Funds
Money Market Accounts
36. A penalty for making a payment after the due date
Income Statement
Deduction
Late Fee
Risk
37. 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
Market Capitalization
Index Fund
Liability
Predatory Lending
38. Protection against future loss
Insurance
Asset
Annual Report
Personal Budget
39. Money paid to a worker
Zero-Coupon Bond
Opportunity Cost
Tax Liability
Wage
40. An evaluation by a rating company of the probability that a particular bond issue will default
Time value of money
Credit
Lien
Bond Rating
41. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Deductible
Balance
Wage
Personal Allowances
42. The process of making a decision - usually complex
Saving
Deduction
Decison-making
Taxable Income
43. A specific plan for spending your income
Personal Budget
Stockholders' Equity
Annual Report
Return
44. 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.
Collectibles
Transfer Payments
401 K
Saving
45. The standard IRS form for individual tax returns.
1040 tax form
Deduction
Income Statement
Vesting
46. Prompt payment for goods or services in currency or by check
Property Rights
Maintain
Exchange-Traded Funds
Cash
47. 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
Compound Interest
Savings Register
Profit
Identity Theft
48. Something of value; a resource; an advantage
Phishing
Bond Rating
Asset
Checkbook Register
49. The act of taking out money or other capital
Withdrawal
Trade-off
Property Rights
Liability
50. A debt; something disadvantageous
Direct Car Loan
Float
Liability
EFT