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Test your basic knowledge |
DSST Personal Finance
Start Test
Study First
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
canceled check
stop payment
explicit
commercial bank
2. Goals you wish to accomplish in the next few months or years; graduation from highschool - or plans for summer employment
stop payment
1040 from
intermediate goal
savings
3. A group of people who work in the same or similar occupation organized for the benefit of all employees in these ocupations
motivation
certificate of deposit
unions
social security
4. Intentionally writing a check on an account without sufficient funds in the hope of making a deposit before the check is cashed.
unions
co-signer
floating a check
income tax
5. Costs that do not change from month to month
long term goal
fixed expense
overdraft
parts of a business letter
6. Depositor to a checking account
voidable
social security
net pay
maker
7. Take away the legal force of or render ineffective
W-2
canceled check
commercial bank
void
8. Provides federal aid for the elderly and for disabled workers
joint account
insolvent
self-actualization
social security
9. Job elements that increase job satisfaction
job search
commercial bank
motivation
competent parties
10. Able to be set aside or to be revalidated at a later date
checking account
short term goal
diversified investments
voidable
11. Money or debts that you owe to others
family leave act
currency
liabilities
income tax
12. Money that someone lends that you pay interest on when you pay it back
1040 from
contracts
joint account
loan
13. The us of long term savings to earn a financial return
investments
savings
simple interest
commercial bank
14. The need to reach ones full potential - to grow - and to be creative
savings
self-actualization
maker
warranty
15. A check written for more money than your account contains
horizontal communications
overdraft
contracts
simple interest
16. An account owned by two or more people.
canceled check
joint account
floating a check
promissory note
17. A natural - physical - or mental ability that allows you to do certain tasks well
aptitude
job application
bank reconciliation
saving
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
floating a check
W-4
simple interest
drawer
19. A legally enforceable agreement between two or more people
payee
warranty
contracts
insolvent
20. Costs that do change from month to month
job interview
variable expense
salary
net pay
21. Professionally managed group in investments bought using a pool of money from many investors; used to buy stocks. bonds - and other securities
asset
mutual fund
checkbook register
productivity
22. Goals you wish to accomplish in five to ten years or longer; college degree - marriage
payee
long term goal
co-signer
aptitude
23. A statement that solves a problem or explains how to solve the problem
salary
stop payment
solvent
void
24. The process of matching your checkbook register with the bank statement
bank reconciliation
unions
investments
parts of a business letter
25. A type of savings account that offers a more competitive interest rate than a regular savings account
gross pay
overdraft
W-2
money market
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
short term goal
net pay
job application
void
27. The amount left after all deductions are taken out of your gross pay
net pay
W-4
W-2
benefits
28. Money you save
bank reconciliation
overdraft
saving
co-signer
29. (1993) allows employees to take p to 12 weeks of unpaid leave in a 12 moth period for certain medical or family situations
insolvent
family leave act
variable expense
commercial bank
30. Get organized - make a plan - follow up - don't give up
job search
self-actualization
money market
job interview
31. Getting an interview - applying - interviewing - and following up
insolvent
short term goal
getting the job
fixed expense
32. A tax form used to uhh make deductions from uhhm ........ from your income in taxes
insolvent
1040 from
motivation
floating a check
33. Occurs amoung co-workers of unequal rank
unions
self-actualization
vertical communications
commercial bank
34. The total amount you earn before any deducations are subtractions
saving
gross pay
solvent
net pay
35. Money you save for things
contracts
savings
family leave act
job search
36. The metal or paper medium of exchange that is presently used
currency
competent parties
warranty
unions
37. A booklet used to record checking account transactions
asset
variable expense
net pay
checkbook register
38. A summary of the income you earned during the year and all amounts the employer withheld for taxes
checking account
W-2
payee
self-actualization
39. The spreading of risks across many types of investments
commercial bank
aptitude
warranty
diversified investments
40. A face to face meeting with a potential employeer to discuss the job opening
drawer
job interview
loan
overdraft
41. Definite - clearly stated
aptitude
mutual fund
intermediate goal
explicit
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
payee
benefits
currency
job interview
43. Items of value that a person own
insolvent
joint account
asset
co-signer
44. The amount of monthly or annual pay you will earn for your labour
intermediate goal
maker
saving
salary
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
listening-different skills
drawer
floating a check
asset
46. Interest computed only on amount borrowed without compounding
simple interest
fixed expense
short term goal
salary
47. 'full service banks' provide the widest variety banking services. insured by FDIC
long term goal
money market
competent parties
commercial bank
48. A promise to pay a specified amount on demand or at a certain time
certified check
commercial bank
net pay
promissory note
49. A written assurance that some product or service will be provided or will meet certain specifications
parts of a business letter
getting the job
warranty
mutual fund
50. The tax paid on your taxable income
income tax
checking account
horizontal communications
net pay