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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. Is a numerical rating - based on credit report information that represents a person's level of creditworthiness






2. A spending plan for managing money during a given period of time.






3. Regular and planned investments






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






5. Losses in an investment as a result of the business cycle






6. Standard and Poor's and Moody's






7. Coins & art & memorabilia or other items that are popular from time to time






8. An electronic machine that bank customers and credit union members can use to withdraw cash and make other financial transactions.






9. A form of bankruptcy that allows you to repay many of your debts over a period of time - usually no more than five years.






10. 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.






11. Business Weekly & Forbes & Money






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






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






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






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






16. A chosen pursuit - profession - or occupation






17. A legal process to get out of debt when you can no longer make all your required payments.






18. A general and progressive increase in prices






19. 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.






20. The belief - qualities - or standards that you consider important or desirable.






21. The amount a corporation pays at a fixed amount when repaying a bond






22. Money used for short-term needs like emergencies; advisers recommend three to six months' net pay for set aside for this






23. Movement of money you receive and the money you spend






24. Associated with owning stock of only one company






25. Spreading risk among many types of investments; one way to minimize risk






26. Amount of money that is set aside for future purchases






27. The amount a corporation pays at a fixed amount when repaying a bond






28. The setting aside of money for future use or other investments






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






30. A government sector that requires all public corporations to make annual reports available to their stockholders






31. Bold and high-risk investments






32. Charles Schwab & TD Ameritrade & E*TRADE






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






34. Debt obligations of state or local governments






35. Charles Schwab & TD Ameritrade & E*TRADE






36. A fee charged to a borrower (especially for a mortgage loan) to cover the costs of initiating the loan.






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






38. The credit union term for a savings account.






39. A form of bankruptcy that allows you to repay many of your debts over a period of time - usually no more than five years.






40. Standard and Poor's and Moody's






41. 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.






42. An amount that credit card companies can charge for the use of a credit card.






43. Expenses that aren't paid every month and can be either fixed or variable.






44. 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.






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






46. Brokers who provided little or no information to clients






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






48. The chance that an investment's value will decrease






49. Associated with owning stock of only one company






50. Associated with owning stock of similar groups of businesses







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


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