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Test your basic knowledge |
Financial Literacy Basics
Start Test
Study First
Subjects
:
literacy
,
personal-finance
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. Companies that provide extensive financial data to clients
debit card
industry risk
investor services
options
2. The credit union term for a checking account.
compounding interest rate
US Treasury Bills
state income tax
share draft account
3. US treasury security that matures in 2 & 5 & or 10 years
industry risk
US Treasury Notes
credit limit
well-known discount brokers
4. Movement of money you receive and the money you spend
cash flow
annual fee
well-known financial newspapers
over-the-limit fee
5. The credit union term for a savings account.
share account
full-service broker
debit card
savings account
6. Investing with a series of regular payments; usually associated with life insurance companies
industry risk
annuities
social security tax
US Treasury Bonds
7. The belief - qualities - or standards that you consider important or desirable.
satellite decisions
values
strategic investing
risk
8. Debt obligations of state or local governments
annual report
diversification
credit limit
municipal bonds
9. The chance that inflation will rise faster than the rate of return on an investment
Temporary investment
systematic investing
interest-rate risk
risk taker
10. Investing with a series of regular payments; usually associated with life insurance companies
investor services
Series I Savings Bond
rate of return
annuities
11. The profit from an investment.
debt
yield
well-know full-service brokers
investing risk
12. The amount a corporation pays at a fixed amount when repaying a bond
risk management
mutual funds
interest
principal
13. The use of long-term savings to earn a financial return
capital gain
maturity date
share draft account
Investing
14. Summary of a corporation's financial condition
phishing
annual report
phishing
over-the-limit fee
15. The total amount of what it costs you to use credit in a given year. It is expressed as a percentage of the amount borrowed.
well-know financial magazines
well-know financial magazines
APR - Average Percentage Rate
Rule of 72
16. A clause included in many credit card company agreements that allows a credit card company to increase your interest rate if you make just one late payment.
phishing
universal default
savings
political risk
17. An amount that credit card companies can charge for the use of a credit card.
annual fee
investor services
collectibles
municipal bonds
18. A mathematical method that can be used to show how long it will take to double your money in an investment simply by dividing 72 by the rate of interest.
Series EE Savings Bond
market risk
cash flow
Rule of 72
19. Is a numerical rating - based on credit report information that represents a person's level of creditworthiness
risk
principal
deductible
credit score
20. A bad side effect of free downloads that may be used to send you pop-up ads - redirect your computer to unwanted Web sites - monitor your Internet surfing - or record your keystrokes in an effort to steal your identity.
strategic investing
maturity date
spyware
bond
21. Is a numerical rating - based on credit report information that represents a person's level of creditworthiness
satellite decisions
company risk
credit score
strategic investing
22. The amount of a loss you must pay out of your own pocket before the insurance company will step in and pay the rest.
pay yourself first - P.Y.F.
credit score
deductible
credit report
23. An amount of money that is loaned on trust with the expectation that it will be repaid at a later date.
tax deferred
annual fee
risk management
credit
24. A government sector that requires all public corporations to make annual reports available to their stockholders
real estate
diversification
Securities and Exchange Commission
options
25. The place where stocks are bought and sold.
Series I Savings Bond
budget
spending plan
stock market
26. A chosen pursuit - profession - or occupation
career
social security tax
checking account
annual report
27. A goal to be achieved within the next three months.
short term goal
interest
budget
pay yourself first - P.Y.F.
28. Collection of investments
portfolio
cash flow
Rule of 72
risk averse
29. Losses in an investment as a result of the business cycle
chapter 13
debit card
tax deferred
market risk
30. A financial institution owned by its members that provides savings and checking accounts and other services to its membership at low fees.
credit union
corporate bonds
non-market risk
financial pages
31. The probability that injury - damage - or loss will occur.
rate of return
APR - Average Percentage Rate
risk
coverage limit
32. Discount bonds; a bond purchased for less than the maturity value; example you buy a $50 bond for $25
risk
Series EE Savings Bond
mutual funds
real estate
33. Regular and planned investments
satellite decisions
credit limit
well-know financial magazines
systematic investing
34. Pooling of money from many investors to buy a large & diverse selection of securities
opportunity cost
stock market
diversification
mutual funds
35. The idea that money today is worth more than the same amount of money in the future due to its potential earning capacity.
stock
phishing
time value of money
grace period
36. A certificate documenting the shareholder's ownership in the corporation
mutual fund
speculative investments
stock
rate of return
37. The chance that an investment's value will decrease
over-the-limit fee
investing risk
municipal bonds
annual report
38. Things that add comfort and pleasure to your life but you can live without if you need to.
share draft account
investing risk
savings account
wants
39. Coins & art & memorabilia or other items that are popular from time to time
origination fee
mutual funds
collectibles
investor services
40. A technique used for estimating the number of years required to double your money at a given rate
spyware
delayed gratification
Rule of 72
delayed gratification
41. Associated with owning stock of only one company
delayed gratification
bank
annuities
company risk
42. Merrill Lynch & Fidelity Investments & American Express
well-know full-service brokers
Temporary investment
Securities and Exchange Commission
savings
43. The right & not the obligation & to buy or sell commodities or stocks for a specific price on a specific date
options
real estate
checking account
company risk
44. A form of bankruptcy that allows you to repay many of your debts over a period of time - usually no more than five years.
mutual fund
maturity date
chapter 13
municipal bonds
45. Investors who take to take chances
real estate
risk taker
state income tax
social security tax
46. A bad side effect of free downloads that may be used to send you pop-up ads - redirect your computer to unwanted Web sites - monitor your Internet surfing - or record your keystrokes in an effort to steal your identity.
US Treasury Notes
put-and-take account
interest
spyware
47. The amount of money someone is willing to loan you.
over-the-limit fee
well-known financial newspapers
principal
spending plan
48. Property consisting of houses and land
principal
interest-rate risk
real estate
portfolio
49. Contacts to buy and sell commodities or stocks for a specific price on a specific date
spyware
futures
compounding interest rate
well-know full-service brokers
50. Contacts to buy and sell commodities or stocks for a specific price on a specific date
delayed gratification
systematic investing
financial advisers
futures