Test your basic knowledge |

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. Actions that the government might take that would reduce the value of an investment






2. Investors who take to take chances






3. Associated with owning stock of similar groups of businesses






4. Property consisting of houses and land






5. Wall Street Journal and Barron's






6. Earning interest on interest.






7. Debt obligations of corporations






8. An investment security that is actually a diversified portfolio of equities - bonds or other securities. Investors purchase shares and can sell them at any time.






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






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






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






12. Investors who are afraid to make investments






13. 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.






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






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






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






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






18. The credit union term for a savings account.






19. Actions that the government might take that would reduce the value of an investment






20. Debt obligations of state or local governments






21. Business Weekly & Forbes & Money






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






23. Reducing investment risk by putting money in several different types of investments.






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






25. The place where stocks are bought and sold.






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






27. Property consisting of houses and land






28. Merrill Lynch & Fidelity Investments & American Express






29. The amount of a loss you must pay out of your own pocket before the insurance company will step in and pay the rest.






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






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






32. A unit of ownership in a corporation






33. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail or pop-up messages.






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






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






36. Charles Schwab & TD Ameritrade & E*TRADE






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






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






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






40. Maximum amount of credit a lender will extend to a customer.






41. 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.






42. Uncontrollable and unpredictable events that cause an investment to lose value






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






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






45. Brokers who provided little or no information to clients






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






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






48. The credit union term for a checking account.






49. A technique used for estimating the number of years required to double your money at a given rate






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