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






2. The amount a corporation borrowed in a bond situation






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






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






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






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






7. Another term for budget






8. Charles Schwab & TD Ameritrade & E*TRADE






9. Investment choices that will be held for long periods






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






11. 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.






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






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






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






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






16. A unit of ownership in a corporation






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






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






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






20. The entire amount of money you owe to lenders






21. Business Weekly & Forbes & Money






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






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






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






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






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






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






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






29. Merrill Lynch & Fidelity Investments & American Express






30. 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.






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






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






33. Expenses that are not fixed.






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






35. Brokers who provided little or no information to clients






36. Associated with owning stock of only one company






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






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






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






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






41. The maximum amount an insurance company will pay if you file a claim.






42. Expenses that aren't paid every month and can be either fixed or variable.






43. 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.






44. 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.'






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






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






47. Another term for budget






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






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






50. An amount that credit card companies can charge for the use of a credit card.







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


Let me suggest you:

Browse all subjects

Browse all tests

Most popular tests



Major Subjects

Tests & Exams


AP
CLEP
DSST
GRE
SAT
GMAT

Browse all subjects

Browse all tests

Most popular tests