Test your basic knowledge |

Financial Literacy Basics

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. Standard and Poor's and Moody's






2. Newspapers list of securities






3. A certificate documenting the shareholder's ownership in the corporation






4. Newspapers list of securities






5. A summary of a person's borrowing and repayment history.






6. Things that add comfort and pleasure to your life but you can live without if you need to.






7. The difference between a lower selling price and a higher purchase price resulting in a financial loss for the seller






8. Pooling of money from many investors to buy a large & diverse selection of securities






9. The difference between a lower selling price and a higher purchase price resulting in a financial loss for the seller






10. Summary of a corporation's financial condition






11. Conservative investing; used when you have 'excess' savings






12. Property consisting of houses and land






13. Investment choices that will be re-evaluated within a year or less






14. The right & not the obligation & to buy or sell commodities or stocks for a specific price on a specific date






15. A technique used for estimating the number of years required to double your money at a given rate






16. A bank account against which the depositor can draw checks payable on demand.






17. US treasury security that matures in 2 & 5 & or 10 years






18. The increase or decrease in the original purchase price of an investment over a period of time.






19. Brokers who provided little or no information to clients






20. The use of long-term savings to earn a financial return






21. Another term for budget






22. A general and progressive increase in prices






23. A unit of ownership in a corporation






24. The value of What is given up when you choose one option over another.






25. A term that describes investments on which earnings are not taxed until retirement






26. A formal contract to repay borrowed money with interest at fixed intervals






27. Debt obligations of corporations






28. US treasury security that matures from a few days to one year






29. Debt obligations of state or local governments






30. Brokers who provide clients with analysis and opinions






31. Contacts to buy and sell commodities or stocks for a specific price on a specific date






32. A payroll deduction collected by employers by law and sent to the state government to support state services.






33. Collection of investments






34. A form of bankruptcy that allows you to erase most of your debt.






35. Bold and high-risk investments






36. A unit of ownership in a corporation






37. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail or pop-up messages.






38. Investors who take to take chances






39. A technique used for estimating the number of years required to double your money at a given rate






40. Charles Schwab & TD Ameritrade & E*TRADE






41. The portion of the profits paid to the shareholders of a company.






42. The chance that inflation will rise faster than the rate of return on an investment






43. The process of dealing with the chance of a potential personal or financial loss.






44. Fee on credit card for making charges above your credit limit.






45. Management of investment alternatives to maximize the growth of your portfolio






46. Brokers who provided little or no information to clients






47. A payroll deduction collected by employers by law and sent to the federal government to provide a small income and other services to the elderly - disabled Americans - and orphaned minors.






48. People trained to give investment advise based on your goals & age & lifestyle & etc






49. Investment choices that will be re-evaluated within a year or less






50. A detailed record of your personal credit and financial transactions.