SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
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. Charles Schwab & TD Ameritrade & E*TRADE
well-known discount brokers
credit history
investor services
time value of money
2. US treasury security that matures from a few days to one year
interest-rate risk
permanent investment
spending plan
US Treasury Bills
3. A fee charged to a borrower (especially for a mortgage loan) to cover the costs of initiating the loan.
compounding interest rate
origination fee
bank
credit limit
4. A goal to be achieved within the next three months.
capital loss
short term goal
debit card
industry risk
5. Newspapers list of securities
systematic investing
well-known discount brokers
interest
financial pages
6. Earning interest on interest.
deductible
Rule of 72
financial pages
compounding interest rate
7. Investment choices that will be held for long periods
credit history
risk
cash flow
permanent investment
8. Management of investment alternatives to maximize the growth of your portfolio
Series EE Savings Bond
industry risk
strategic investing
diversification
9. Wall Street Journal and Barron's
credit report
spyware
credit
well-known financial newspapers
10. The increase or decrease in the original purchase price of an investment over a period of time.
mutual funds
origination fee
credit limit
rate of return
11. A summary of a person's borrowing and repayment history.
credit history
variable expenses
full-service broker
collectibles
12. The belief - qualities - or standards that you consider important or desirable.
values
annual fee
phishing
Investing
13. Business Weekly & Forbes & Money
put-and-take account
bank
phishing
well-know financial magazines
14. Bonds designed for investors wanting to protect again inflation losses
phishing
put-and-take account
maturity date
Series I Savings Bond
15. Associated with owning stock of only one company
wants
spyware
company risk
financial advisers
16. Brokers who provided little or no information to clients
discount brokers
full-service broker
interest-rate risk
interest-rate risk
17. A term that describes investments on which earnings are not taxed until retirement
periodic or occasional expenses
tax deferred
principal
maturity date
18. US treasury security that matures from a few days to one year
US Treasury Bills
social security tax
credit score
debit card
19. The profit from an investment.
yield
wants
credit
phishing
20. Companies that provide extensive financial data to clients
municipal bonds
investor services
corporate bonds
tax deferred
21. Companies that provide extensive financial data to clients
investor services
compounding interest rate
values
share account
22. Merrill Lynch & Fidelity Investments & American Express
well-know full-service brokers
coverage limit
capital gain
budget
23. A bank account against which the depositor can draw checks payable on demand.
checking account
speculative investments
credit report
Personal Identification Number - PIN
24. The process of dealing with the chance of a potential personal or financial loss.
risk management
satellite decisions
Personal Identification Number - PIN
well-known discount brokers
25. Investment choices that will be held for long periods
bankruptcy
permanent investment
well-know financial magazines
principal
26. Earning interest on interest.
credit
origination fee
ATM - Automatic Teller Machine
compounding interest rate
27. A certificate documenting the shareholder's ownership in the corporation
Investing
stock
inflation
corporate bonds
28. The amount of money someone is willing to loan you.
ATM - Automatic Teller Machine
career
investor services
principal
29. The place where stocks are bought and sold.
stock market
chapter 7
annuities
credit history
30. The belief - qualities - or standards that you consider important or desirable.
US Treasury Bills
chapter 13
Series EE Savings Bond
values
31. The profit from an investment.
permanent investment
annual report
yield
US Treasury Bonds
32. The value of What is given up when you choose one option over another.
credit
opportunity cost
bank
origination fee
33. Property consisting of houses and land
real estate
savings account
short term goal
well-known discount brokers
34. 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.
Personal Identification Number - PIN
Rule of 72
share account
savings account
35. Regular and planned investments
share account
investor services
penny stocks
systematic investing
36. A for-profit company that is owned by its stockholders and provides savings and checking accounts and other financial services to its customers.
bond
state income tax
Rule of 72
bank
37. Conservative investing; used when you have 'excess' savings
Series I Savings Bond
initial investing
US Treasury Notes
credit history
38. 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.'
deductible
debit card
risk taker
political risk
39. Maximum amount of credit a lender will extend to a customer.
time value of money
credit limit
bankruptcy
US Treasury Bills
40. Another term for budget
stock
spending plan
US Treasury Notes
values
41. A unit of ownership in a corporation
stocks
dollar cost average
universal default
stock market
42. Brokers who provide clients with analysis and opinions
Investing
permanent investment
stock
full-service broker
43. 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.
risk averse
savings account
values
time value of money
44. Debt obligations of state or local governments
Securities and Exchange Commission
savings
municipal bonds
mutual fund
45. Spreading risk among many types of investments; one way to minimize risk
savings
US Treasury Bills
systematic investing
diversification
46. A formal contract to repay borrowed money with interest at fixed intervals
deductible
short term goal
bond
municipal bonds
47. The idea that money today is worth more than the same amount of money in the future due to its potential earning capacity.
Rule of 72
dividend
spending plan
time value of money
48. Movement of money you receive and the money you spend
real estate
cash flow
periodic or occasional expenses
APR - Average Percentage Rate
49. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail or pop-up messages.
full-service broker
options
bankruptcy
phishing
50. A spending plan for managing money during a given period of time.
stocks
variable expenses
capital gain
budget