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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. Expenses that are not fixed.






2. Brokers who provide clients with analysis and opinions






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






4. 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.






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






6. The amount of money someone is willing to loan you.






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






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






9. The credit union term for a checking account.






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






11. The right & not the obligation & to buy or sell commodities or stocks for a specific price on a specific date






12. Companies that provide extensive financial data to clients






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






14. The amount of money someone is willing to loan you.






15. Another term for budget






16. US treasury security that matures in 30 years






17. Companies that provide extensive financial data to clients






18. The amount a corporation borrowed in a bond situation






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






20. Wall Street Journal and Barron's






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






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






23. Investors who are afraid to make investments






24. Summary of a corporation's financial condition






25. The profit from an investment.






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






27. Investing with a series of regular payments; usually associated with life insurance companies






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






29. Charles Schwab & TD Ameritrade & E*TRADE






30. The place where stocks are bought and sold.






31. 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.






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






33. The practice of investing a fixed amount into the same investment at regular intervals - regardless of what the stock market is doing.






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






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






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






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






38. 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.






39. 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.






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






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






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






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






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






45. 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.






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






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






48. Brokers who provide clients with analysis and opinions






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






50. A unit of ownership in a corporation







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


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