Test your basic knowledge |

DSST Personal Finance

Subjects : dsst, personal-finance, bvat
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 depositor's order to a bank to refuse payment on a check






2. Goals you wish to accomplish in the next few months or years; graduation from highschool - or plans for summer employment






3. A group of people who work in the same or similar occupation organized for the benefit of all employees in these ocupations






4. Intentionally writing a check on an account without sufficient funds in the hope of making a deposit before the check is cashed.






5. Costs that do not change from month to month






6. Depositor to a checking account






7. Take away the legal force of or render ineffective






8. Provides federal aid for the elderly and for disabled workers






9. Job elements that increase job satisfaction






10. Able to be set aside or to be revalidated at a later date






11. Money or debts that you owe to others






12. Money that someone lends that you pay interest on when you pay it back






13. The us of long term savings to earn a financial return






14. The need to reach ones full potential - to grow - and to be creative






15. A check written for more money than your account contains






16. An account owned by two or more people.






17. A natural - physical - or mental ability that allows you to do certain tasks well






18. Asks for your name address social security number marital status and number of exepemptions you are claiming for income tax purposes; this determines amount your employer will withhold from your paycheck for income taxes






19. A legally enforceable agreement between two or more people






20. Costs that do change from month to month






21. Professionally managed group in investments bought using a pool of money from many investors; used to buy stocks. bonds - and other securities






22. Goals you wish to accomplish in five to ten years or longer; college degree - marriage






23. A statement that solves a problem or explains how to solve the problem






24. The process of matching your checkbook register with the bank statement






25. A type of savings account that offers a more competitive interest rate than a regular savings account






26. A form that asks questions of people that apply for a job; write neatly - black or blue pen;stay within space provided - fill in all blanks; be truthful; don't abbreviate; proofread






27. The amount left after all deductions are taken out of your gross pay






28. Money you save






29. (1993) allows employees to take p to 12 weeks of unpaid leave in a 12 moth period for certain medical or family situations






30. Get organized - make a plan - follow up - don't give up






31. Getting an interview - applying - interviewing - and following up






32. A tax form used to uhh make deductions from uhhm ........ from your income in taxes






33. Occurs amoung co-workers of unequal rank






34. The total amount you earn before any deducations are subtractions






35. Money you save for things






36. The metal or paper medium of exchange that is presently used






37. A booklet used to record checking account transactions






38. A summary of the income you earned during the year and all amounts the employer withheld for taxes






39. The spreading of risks across many types of investments






40. A face to face meeting with a potential employeer to discuss the job opening






41. Definite - clearly stated






42. 1. forms of employee compensation in addition to pay 2. the amount recieved by the beneficiary from a life insurance policy also called proceeds






43. Items of value that a person own






44. The amount of monthly or annual pay you will earn for your labour






45. Sympathetic- 'empatheic listening' ability to see another person's point of view and sense what person is feeling; critical- ability to differentiate facts from opinion - and creative-listening with an open mind to new ideas






46. Interest computed only on amount borrowed without compounding






47. 'full service banks' provide the widest variety banking services. insured by FDIC






48. A promise to pay a specified amount on demand or at a certain time






49. A written assurance that some product or service will be provided or will meet certain specifications






50. The tax paid on your taxable income