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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. The process of dealing with the chance of a potential personal or financial loss.






2. An amount of money that is loaned on trust with the expectation that it will be repaid at a later date.






3. A summary of a person's borrowing and repayment history.






4. Newspapers list of securities






5. The place where stocks are bought and sold.






6. The chance that inflation will rise faster than the rate of return on an investment






7. A bank account against which the depositor can draw checks payable on demand.






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






9. On a credit card - the length of time you have before you start accumulating interest on an unpaid balance.






10. The unique passcode number you use to get access to your savings and/or checking account






11. The date on which the borrowed money must be repaid






12. Low-priced stocks of small companies that have no track record






13. Another term for budget






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






15. Property consisting of houses and land






16. Investors who are afraid to make investments






17. Debt obligations of corporations






18. Management of investment alternatives to maximize the growth of your portfolio






19. Pooling of money from many investors to buy a large & diverse selection of securities






20. Business Weekly & Forbes & Money






21. US treasury security that matures in 30 years






22. Brokers who provided little or no information to clients






23. Brokers who provide clients with analysis and opinions






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






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






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






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






28. Debt obligations of corporations






29. Standard and Poor's and Moody's






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






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






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






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






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






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






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






37. Investors who take to take chances






38. Companies that provide extensive financial data to clients






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






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






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






42. Merrill Lynch & Fidelity Investments & American Express






43. The difference between a higher selling price and a lower purchase price - resulting in a financial gain for the seller






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






45. Debt obligations of state or local governments






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.






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






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






49. An account you have at a financial institution that helps you accumulate and save money and earn a small amount of interest at the same time.






50. A unit of ownership in a corporation







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Can you answer 50 questions in 15 minutes?


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