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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. Associated with owning stock of similar groups of businesses
spending plan
credit score
industry risk
Securities and Exchange Commission
2. Earning interest on interest.
Personal Identification Number - PIN
compounding interest rate
inflation
savings account
3. Bold and high-risk investments
credit report
stock market
speculative investments
compounding interest rate
4. A summary of a person's borrowing and repayment history.
municipal bonds
interest
futures
credit history
5. Management of investment alternatives to maximize the growth of your portfolio
stock market
strategic investing
well-known financial newspapers
savings
6. Regular and planned investments
origination fee
systematic investing
futures
share draft account
7. Debt obligations of corporations
Series EE Savings Bond
US Treasury Bonds
corporate bonds
stock
8. The unique passcode number you use to get access to your savings and/or checking account
Personal Identification Number - PIN
dividend
market risk
well-known financial newspapers
9. Brokers who provide clients with analysis and opinions
investor services
full-service broker
US Treasury Bills
put-and-take account
10. Collection of investments
portfolio
debit card
speculative investments
well-known investor services
11. Collection of investments
budget
compounding interest rate
credit history
portfolio
12. Uncontrollable and unpredictable events that cause an investment to lose value
share account
cash flow
chapter 13
non-market risk
13. A goal to be achieved within the next three months.
short term goal
risk management
corporate bonds
political risk
14. Newspapers list of securities
cash flow
financial pages
mutual fund
Temporary investment
15. A bank account against which the depositor can draw checks payable on demand.
grace period
penny stocks
annual fee
checking account
16. On a credit card - the length of time you have before you start accumulating interest on an unpaid balance.
grace period
universal default
credit union
well-known investor services
17. A goal to be achieved within the next three months.
non-market risk
coverage limit
short term goal
debt
18. A chosen pursuit - profession - or occupation
satellite decisions
career
penny stocks
state income tax
19. Brokers who provide clients with analysis and opinions
annual report
full-service broker
checking account
bank
20. Management of investment alternatives to maximize the growth of your portfolio
deductible
deductible
systematic investing
strategic investing
21. The amount of money someone is willing to loan you.
spending plan
principal
delayed gratification
municipal bonds
22. The willingness to give up something you want now in return for something better in the future.
risk averse
delayed gratification
US Treasury Bonds
variable expenses
23. Standard and Poor's and Moody's
Personal Identification Number - PIN
well-known investor services
delayed gratification
risk
24. Movement of money you receive and the money you spend
non-market risk
yield
cash flow
credit limit
25. 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.
risk averse
Temporary investment
Rule of 72
risk averse
26. US treasury security that matures in 30 years
chapter 13
US Treasury Bonds
principal
stock market
27. A technique used for estimating the number of years required to double your money at a given rate
bank
risk taker
credit score
Rule of 72
28. A certificate documenting the shareholder's ownership in the corporation
over-the-limit fee
stock
share draft account
put-and-take account
29. A for-profit company that is owned by its stockholders and provides savings and checking accounts and other financial services to its customers.
speculative investments
Series EE Savings Bond
bank
APR - Average Percentage Rate
30. Things that add comfort and pleasure to your life but you can live without if you need to.
political risk
diversification
short term goal
wants
31. Reducing investment risk by putting money in several different types of investments.
financial advisers
diversification
bankruptcy
capital gain
32. Regular and planned investments
penny stocks
systematic investing
options
share draft account
33. A form of bankruptcy that allows you to repay many of your debts over a period of time - usually no more than five years.
share draft account
spyware
well-known financial newspapers
chapter 13
34. Wall Street Journal and Barron's
well-known financial newspapers
over-the-limit fee
checking account
Securities and Exchange Commission
35. The entire amount of money you owe to lenders
debt
share account
share draft account
risk
36. A technique used for estimating the number of years required to double your money at a given rate
universal default
Series EE Savings Bond
bond
Rule of 72
37. US treasury security that matures in 2 & 5 & or 10 years
social security tax
annual fee
US Treasury Notes
debt
38. A fee charged to a borrower (especially for a mortgage loan) to cover the costs of initiating the loan.
origination fee
Temporary investment
credit history
penny stocks
39. The value of What is given up when you choose one option over another.
wants
over-the-limit fee
APR - Average Percentage Rate
opportunity cost
40. Investors who take to take chances
industry risk
well-known financial newspapers
risk taker
dividend
41. The profit from an investment.
diversification
bankruptcy
principal
yield
42. The idea that money today is worth more than the same amount of money in the future due to its potential earning capacity.
Securities and Exchange Commission
time value of money
credit
spyware
43. Bold and high-risk investments
speculative investments
cash flow
futures
delayed gratification
44. Smaller decisions that can result from a major decision.
satellite decisions
tax deferred
coverage limit
Series I Savings Bond
45. Another term for budget
share draft account
bank
corporate bonds
spending plan
46. Expenses that aren't paid every month and can be either fixed or variable.
interest
rate of return
periodic or occasional expenses
industry risk
47. Money used for short-term needs like emergencies; advisers recommend three to six months' net pay for set aside for this
debt
put-and-take account
credit limit
risk management
48. The date on which the borrowed money must be repaid
chapter 7
maturity date
Personal Identification Number - PIN
well-know financial magazines
49. People trained to give investment advise based on your goals & age & lifestyle & etc
checking account
ATM - Automatic Teller Machine
financial advisers
annual fee
50. An amount that credit card companies can charge for the use of a credit card.
annual fee
interest
debt
Temporary investment