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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. Companies that provide extensive financial data to clients






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.






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






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






5. The willingness to give up something you want now in return for something better in the future.






6. A goal to be achieved within the next three months.






7. Investment choices that will be held for long periods






8. 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.'






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






10. The idea that money today is worth more than the same amount of money in the future due to its potential earning capacity.






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






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






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






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






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






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






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






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






19. A general and progressive increase in prices






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






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






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






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






24. Smaller decisions that can result from a major decision.






25. Debt obligations of corporations






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






27. Standard and Poor's and Moody's






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






29. Bonds designed for investors wanting to protect again inflation losses






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






31. Investors who take to take chances






32. Property consisting of houses and land






33. Newspapers list of securities






34. Associated with owning stock of only one company






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






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






37. A for-profit company that is owned by its stockholders and provides savings and checking accounts and other financial services to its customers.






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






39. Summary of a corporation's financial condition






40. Investors who are afraid to make investments






41. Standard and Poor's and Moody's






42. 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.






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






44. The place where stocks are bought and sold.






45. Brokers who provide clients with analysis and opinions






46. Debt obligations of state or local governments






47. The entire amount of money you owe to lenders






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






49. A financial institution owned by its members that provides savings and checking accounts and other services to its membership at low fees.






50. Discount bonds; a bond purchased for less than the maturity value; example you buy a $50 bond for $25







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Can you answer 50 questions in 15 minutes?


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