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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. Discount bonds; a bond purchased for less than the maturity value; example you buy a $50 bond for $25
portfolio
Series EE Savings Bond
origination fee
Securities and Exchange Commission
2. 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.
stocks
penny stocks
Rule of 72
investor services
3. Newspapers list of securities
permanent investment
systematic investing
financial pages
bond
4. US treasury security that matures in 2 & 5 & or 10 years
phishing
well-known discount brokers
Investing
US Treasury Notes
5. The date on which the borrowed money must be repaid
chapter 7
investor services
budget
maturity date
6. Expenses that aren't paid every month and can be either fixed or variable.
share draft account
periodic or occasional expenses
variable expenses
well-known financial newspapers
7. A card that is used to deduct a purchase amount directly from your checking account instead of drawing on a line of credit; also called 'check card.'
spending plan
debit card
stock market
non-market risk
8. The chance that an investment's value will decrease
full-service broker
investing risk
credit
mutual funds
9. Debt obligations of corporations
over-the-limit fee
systematic investing
credit report
corporate bonds
10. The belief - qualities - or standards that you consider important or desirable.
savings
non-market risk
values
compounding interest rate
11. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail or pop-up messages.
phishing
Series I Savings Bond
stocks
investor services
12. The credit union term for a checking account.
principal
cash flow
share draft account
yield
13. A technique used for estimating the number of years required to double your money at a given rate
stock market
Rule of 72
market risk
variable expenses
14. Collection of investments
debt
portfolio
financial pages
municipal bonds
15. A summary of a person's borrowing and repayment history.
annuities
annual fee
values
credit history
16. People trained to give investment advise based on your goals & age & lifestyle & etc
financial advisers
market risk
credit history
mutual fund
17. Things that add comfort and pleasure to your life but you can live without if you need to.
state income tax
share draft account
wants
principal
18. A financial institution owned by its members that provides savings and checking accounts and other services to its membership at low fees.
industry risk
credit union
chapter 7
bank
19. Investment choices that will be held for long periods
credit report
non-market risk
permanent investment
cash flow
20. Discount bonds; a bond purchased for less than the maturity value; example you buy a $50 bond for $25
bond
Series EE Savings Bond
chapter 7
spyware
21. The maximum amount an insurance company will pay if you file a claim.
mutual fund
state income tax
coverage limit
pay yourself first - P.Y.F.
22. Fee on credit card for making charges above your credit limit.
periodic or occasional expenses
share account
pay yourself first - P.Y.F.
over-the-limit fee
23. The setting aside of money for future use or other investments
periodic or occasional expenses
universal default
pay yourself first - P.Y.F.
US Treasury Notes
24. A payroll deduction collected by employers by law and sent to the state government to support state services.
state income tax
US Treasury Bills
bond
deductible
25. The chance that inflation will rise faster than the rate of return on an investment
interest-rate risk
stocks
annual fee
grace period
26. US treasury security that matures in 2 & 5 & or 10 years
company risk
dividend
US Treasury Notes
well-know full-service brokers
27. Maximum amount of credit a lender will extend to a customer.
stock
capital loss
compounding interest rate
credit limit
28. Associated with owning stock of similar groups of businesses
spending plan
industry risk
risk
credit union
29. Property consisting of houses and land
full-service broker
real estate
penny stocks
variable expenses
30. A formal contract to repay borrowed money with interest at fixed intervals
Investing
municipal bonds
debit card
bond
31. Companies that provide extensive financial data to clients
investor services
annual fee
tax deferred
US Treasury Bills
32. Bonds designed for investors wanting to protect again inflation losses
Series I Savings Bond
diversification
spyware
company risk
33. The increase or decrease in the original purchase price of an investment over a period of time.
career
risk
Securities and Exchange Commission
rate of return
34. A detailed record of your personal credit and financial transactions.
credit report
values
discount brokers
variable expenses
35. The unique passcode number you use to get access to your savings and/or checking account
Personal Identification Number - PIN
permanent investment
over-the-limit fee
corporate bonds
36. A fee charged to a borrower (especially for a mortgage loan) to cover the costs of initiating the loan.
origination fee
mutual fund
mutual funds
credit
37. Investors who are afraid to make investments
diversification
checking account
risk averse
tax deferred
38. The credit union term for a savings account.
share account
state income tax
financial advisers
values
39. The amount of money someone is willing to loan you.
wants
principal
capital gain
systematic investing
40. Expenses that are not fixed.
Series EE Savings Bond
variable expenses
savings account
full-service broker
41. An amount that credit card companies can charge for the use of a credit card.
career
cash flow
collectibles
annual fee
42. A form of bankruptcy that allows you to erase most of your debt.
short term goal
chapter 7
dividend
chapter 13
43. Contacts to buy and sell commodities or stocks for a specific price on a specific date
delayed gratification
permanent investment
futures
annuities
44. A certificate documenting the shareholder's ownership in the corporation
coverage limit
credit report
stock
rate of return
45. Actions that the government might take that would reduce the value of an investment
Personal Identification Number - PIN
debt
stocks
political risk
46. Earning interest on interest.
savings
compounding interest rate
Series I Savings Bond
investor services
47. Brokers who provided little or no information to clients
US Treasury Bonds
permanent investment
discount brokers
spyware
48. The amount a corporation pays at a fixed amount when repaying a bond
share account
interest-rate risk
US Treasury Notes
interest
49. The maximum amount an insurance company will pay if you file a claim.
checking account
coverage limit
options
diversification
50. Business Weekly & Forbes & Money
well-know financial magazines
credit union
permanent investment
share account