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






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






3. Business Weekly & Forbes & Money






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






5. Standard and Poor's and Moody's






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






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






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






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






10. The credit union term for a checking account.






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






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






13. Investment choices that will be re-evaluated within a year or less






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






15. Debt obligations of corporations






16. The probability that injury - damage - or loss will occur.






17. A fee charged to a borrower (especially for a mortgage loan) to cover the costs of initiating the loan.






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






19. Collection of investments






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






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






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






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






25. Summary of a corporation's financial condition






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






27. Expenses that are not fixed.






28. Charles Schwab & TD Ameritrade & E*TRADE






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






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






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






32. Brokers who provided little or no information to clients






33. Newspapers list of securities






34. A general and progressive increase in prices






35. A goal to be achieved within the next three months.






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






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






38. Business Weekly & Forbes & Money






39. Investment choices that will be held for long periods






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






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






42. Investors who are afraid to make investments






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






44. Associated with owning stock of similar groups of businesses






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






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






47. Newspapers list of securities






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






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






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







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


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