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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. A rate that one currency can be exchanged for another






2. Commission fee - inflation rate - capital gains tax






3. Interest is paid 365 times a year






4. Preference and common






5. Investing in a well-established company






6. Interest calculated on the principal plus any accumulated interest






7. A contract giving someone the right to use something for a certain length of time






8. When two ratios are equal






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






10. Interest is paid once a year






11. The total of units multiplied by the price






12. The unexpected variablility of returns






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






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






15. A bill






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






17. Costs that remain constant






18. Time worked beyond the established working hours






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






20. Security for a loan






21. The borrower






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






23. Per day






24. Simple and compound






25. Non-payment






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






27. The owner of the property






28. Indicators of the confidence investors have in a company (the higher the better)






29. Something that is expected to return a profit






30. A percentage discount to customers






31. you may get a large return or get nothing






32. Algebraic - arithmetic






33. A comparison of two numbers






34. The difference between the highest and lowest numbers in a set of data






35. Amounts of money you owe






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






37. loans to companies or goverments (no voting rights)






38. Parts of a whole number






39. real estate (houses - condos - warehouses - factories - etc)






40. The number you are dividing by






41. Number calculated from population data






42. Per annum - yearly






43. The score that falls in the middle






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






45. Shows the money coming in and expenses for a certain period of time.






46. Discounts offered to encourage customers to pay their bills on time






47. The depreciation of an asset as an expense






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






49. The first number






50. A series of discounts