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. Regular and planned investments






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






3. 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.






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






5. Wall Street Journal and Barron's






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






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






8. 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.






9. Bonds designed for investors wanting to protect again inflation losses






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






11. A payroll deduction collected by employers by law and sent to the state government to support state services.






12. Debt obligations of corporations






13. Associated with owning stock of similar groups of businesses






14. US treasury security that matures from a few days to one year






15. Newspapers list of securities






16. Things that add comfort and pleasure to your life but you can live without if you need to.






17. Standard and Poor's and Moody's






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






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






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






21. Property consisting of houses and land






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






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






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






25. A bad side effect of free downloads that may be used to send you pop-up ads - redirect your computer to unwanted Web sites - monitor your Internet surfing - or record your keystrokes in an effort to steal your identity.






26. Associated with owning stock of only one company






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






28. The credit union term for a checking account.






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






30. Management of investment alternatives to maximize the growth of your portfolio






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






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






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






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






35. The difference between a higher selling price and a lower purchase price - resulting in a financial gain for the seller






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






37. The difference between a higher selling price and a lower purchase price - resulting in a financial gain for the seller






38. Regular and planned investments






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






40. Summary of a corporation's financial condition






41. The profit from an investment.






42. Investment choices that will be held for long periods






43. The credit union term for a savings account.






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






45. Collection of investments






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






47. The profit from an investment.






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






49. A chosen pursuit - profession - or occupation






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