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DSST Business Math Vocab 2

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. Security for a loan






2. Non-payment






3. Where info is collected for every unit of the population






4. Simple and compound






5. The owner of the property






6. (simple average) adding the group of items and dividing by the total number of items






7. Deciding if its worth the risk






8. A rate that one currency can be exchanged for another






9. More than one frequently occuring value in a group of data






10. Money given to someone on condition the person will return the money and interest by a specific date






11. The borrower






12. Interest is paid once a year






13. The total of units multiplied by the price






14. The depreciation of an asset as an expense






15. The majority of the early payments go toward paying the interest on the loan






16. The point where income and expenses intersect (no loss or profit)






17. Part ownership in a company






18. The interest amount is small - but you are guaranteed to get something






19. Interest calculated on the principle






20. Shows the assets - liabilities and financial position of the company






21. A percentage discount for buyers associated with the products being sold






22. The price after any down-payment or trade-in






23. The score that falls in the middle






24. The number to be divided by






25. A chart that shows the balance of the mortgage after each amortization period






26. A portion of the population being studied






27. A comparison of two numbers






28. The amount the property is worth at the end of the lease






29. The amount of money borrowed is less than 75% of the purchase price






30. The number you are multipliying by






31. Money earned on an investment or paid on a loan






32. When two ratios are equal






33. The money paid to an employee based on a percentage of their sales






34. Adding columns of figures horizontally and vertically to check that the totals agree






35. Interest is paid twice a year






36. The most frequently occuring value in a group of data






37. A decimal figure when x by 2400 gives an approximate annual interest rate






38. Preference and common






39. Property other than real estate (often called a chattel mortgage)






40. The process of repossessing and selling the real or personal property when the borrower has defaulted






41. An item of data that has a different value at different times






42. The person paying to borrow property for a certain amount of time for payments






43. Algebraic - arithmetic






44. The length of the loan






45. electronic - portable (pocket) - computer - spreadsheets






46. you may get a large return or get nothing






47. The number you are dividing by






48. The info collected from a survey and the figures generated through statistical analysis






49. The first number






50. The amount of money borrowed is between 75% - 95% of the purchase price