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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. Algebraic - arithmetic






2. Interest is paid twelve times a year






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






4. The borrower






5. Security for a loan






6. The length of the loan






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






8. Costs that fluctuate






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






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






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






12. you may get a large return or get nothing






13. Interest is paid 365 times a year






14. An item of data the stays the same






15. A comparison of two numbers






16. Amounts of money you owe






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






18. Paid dividends after the preference shares have been paid






19. Parts of a whole number






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






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






22. Share of the profits of a company






23. Per annum - yearly






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






25. used when the each piece of data has more than one component






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






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






28. Commission fee - inflation rate - capital gains tax






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






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






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






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






33. Number calculated from population data






34. The total of units multiplied by the price






35. The score that falls in the middle






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






37. The number you are multipliying by






38. The first number






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






40. The lowest number in a group of data






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






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






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






44. of one hundred






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






46. Deciding if its worth the risk






47. The number you are dividing by






48. The length of time until the debt is zero






49. The lender






50. Paid in full







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Can you answer 50 questions in 15 minutes?


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