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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. Associated with owning stock of similar groups of businesses






2. Another term for budget






3. 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.






4. Brokers who provided little or no information to clients






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






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






7. Investors who take to take chances






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






9. Collection of investments






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






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






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






13. Expenses that are not fixed.






14. Business Weekly & Forbes & Money






15. 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.'






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






17. A detailed record of your personal credit and financial transactions.






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






19. Investors who take to take chances






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






21. A bank account against which the depositor can draw checks payable on demand.






22. Associated with owning stock of only one company






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






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






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






26. Earning interest on interest.






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






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






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






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






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






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






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






34. Investment choices that will be held for long periods






35. A unit of ownership in a corporation






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






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






38. The place where stocks are bought and sold.






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






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






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






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






43. A formal contract to repay borrowed money with interest at fixed intervals






44. The credit union term for a savings account.






45. A chosen pursuit - profession - or occupation






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






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. Associated with owning stock of similar groups of businesses






49. A term that describes investments on which earnings are not taxed until retirement






50. Debt obligations of state or local governments







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


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