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Test your basic knowledge |
Financial Literacy Basics
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Subjects
:
literacy
,
personal-finance
Instructions:
Answer 50 questions in 15 minutes.
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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 process of dealing with the chance of a potential personal or financial loss.
risk management
spending plan
dollar cost average
variable expenses
2. An amount of money that is loaned on trust with the expectation that it will be repaid at a later date.
credit report
chapter 13
mutual funds
credit
3. A summary of a person's borrowing and repayment history.
short term goal
dollar cost average
full-service broker
credit history
4. Newspapers list of securities
variable expenses
financial pages
Investing
US Treasury Bonds
5. The place where stocks are bought and sold.
speculative investments
stock market
capital gain
industry risk
6. The chance that inflation will rise faster than the rate of return on an investment
mutual funds
well-known investor services
risk averse
interest-rate risk
7. A bank account against which the depositor can draw checks payable on demand.
checking account
well-know financial magazines
municipal bonds
time value of money
8. The belief - qualities - or standards that you consider important or desirable.
well-known investor services
values
systematic investing
tax deferred
9. On a credit card - the length of time you have before you start accumulating interest on an unpaid balance.
cash flow
annuities
delayed gratification
grace period
10. The unique passcode number you use to get access to your savings and/or checking account
share draft account
Personal Identification Number - PIN
cash flow
Investing
11. The date on which the borrowed money must be repaid
risk averse
maturity date
industry risk
diversification
12. Low-priced stocks of small companies that have no track record
portfolio
mutual funds
penny stocks
US Treasury Bills
13. Another term for budget
spending plan
full-service broker
deductible
savings account
14. The chance that an investment's value will decrease
stocks
non-market risk
US Treasury Bills
investing risk
15. Property consisting of houses and land
annual report
real estate
over-the-limit fee
investing risk
16. Investors who are afraid to make investments
industry risk
risk averse
career
ATM - Automatic Teller Machine
17. Debt obligations of corporations
coverage limit
origination fee
corporate bonds
chapter 7
18. Management of investment alternatives to maximize the growth of your portfolio
strategic investing
credit report
debit card
portfolio
19. Pooling of money from many investors to buy a large & diverse selection of securities
market risk
full-service broker
mutual funds
chapter 7
20. Business Weekly & Forbes & Money
speculative investments
budget
diversification
well-know financial magazines
21. US treasury security that matures in 30 years
stocks
US Treasury Bonds
ATM - Automatic Teller Machine
over-the-limit fee
22. Brokers who provided little or no information to clients
well-know full-service brokers
Series I Savings Bond
discount brokers
stock market
23. Brokers who provide clients with analysis and opinions
full-service broker
speculative investments
put-and-take account
US Treasury Notes
24. US treasury security that matures from a few days to one year
mutual fund
risk management
Personal Identification Number - PIN
US Treasury Bills
25. The setting aside of money for future use or other investments
pay yourself first - P.Y.F.
stock
debt
bankruptcy
26. A form of bankruptcy that allows you to erase most of your debt.
principal
chapter 7
risk
financial advisers
27. Conservative investing; used when you have 'excess' savings
credit union
initial investing
discount brokers
stock
28. Debt obligations of corporations
compounding interest rate
stocks
diversification
corporate bonds
29. Standard and Poor's and Moody's
well-known investor services
municipal bonds
initial investing
share account
30. The willingness to give up something you want now in return for something better in the future.
initial investing
delayed gratification
career
mutual fund
31. Is a numerical rating - based on credit report information that represents a person's level of creditworthiness
credit score
chapter 7
annual fee
municipal bonds
32. Things that add comfort and pleasure to your life but you can live without if you need to.
diversification
permanent investment
industry risk
wants
33. The idea that money today is worth more than the same amount of money in the future due to its potential earning capacity.
stocks
time value of money
debt
debit card
34. The belief - qualities - or standards that you consider important or desirable.
portfolio
values
pay yourself first - P.Y.F.
Series I Savings Bond
35. A formal contract to repay borrowed money with interest at fixed intervals
bond
annual report
municipal bonds
discount brokers
36. A financial institution owned by its members that provides savings and checking accounts and other services to its membership at low fees.
credit union
share account
pay yourself first - P.Y.F.
stock market
37. Investors who take to take chances
non-market risk
risk taker
Temporary investment
yield
38. Companies that provide extensive financial data to clients
credit report
investor services
stock market
coverage limit
39. Bonds designed for investors wanting to protect again inflation losses
permanent investment
spyware
dividend
Series I Savings Bond
40. The difference between a lower selling price and a higher purchase price resulting in a financial loss for the seller
risk
capital loss
stocks
discount brokers
41. An electronic machine that bank customers and credit union members can use to withdraw cash and make other financial transactions.
ATM - Automatic Teller Machine
interest
credit union
collectibles
42. Merrill Lynch & Fidelity Investments & American Express
stocks
well-know full-service brokers
credit score
penny stocks
43. The difference between a higher selling price and a lower purchase price - resulting in a financial gain for the seller
share draft account
dollar cost average
yield
capital gain
44. The value of What is given up when you choose one option over another.
over-the-limit fee
maturity date
opportunity cost
credit history
45. Debt obligations of state or local governments
US Treasury Bills
capital loss
checking account
municipal bonds
46. 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.
origination fee
spyware
universal default
debt
47. US treasury security that matures from a few days to one year
political risk
US Treasury Bills
universal default
mutual funds
48. Contacts to buy and sell commodities or stocks for a specific price on a specific date
satellite decisions
US Treasury Notes
social security tax
futures
49. 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.
share account
municipal bonds
savings account
time value of money
50. A unit of ownership in a corporation
budget
cash flow
stocks
Series EE Savings Bond
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