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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. A for-profit company that is owned by its stockholders and provides savings and checking accounts and other financial services to its customers.
US Treasury Bonds
credit limit
financial advisers
bank
2. Associated with owning stock of similar groups of businesses
industry risk
market risk
debt
full-service broker
3. Amount of money that is set aside for future purchases
mutual fund
risk taker
share draft account
savings
4. Fee on credit card for making charges above your credit limit.
full-service broker
satellite decisions
over-the-limit fee
APR - Average Percentage Rate
5. An amount that credit card companies can charge for the use of a credit card.
annual fee
bankruptcy
principal
checking account
6. A government sector that requires all public corporations to make annual reports available to their stockholders
full-service broker
deductible
Securities and Exchange Commission
career
7. Money used for short-term needs like emergencies; advisers recommend three to six months' net pay for set aside for this
put-and-take account
systematic investing
market risk
Temporary investment
8. The amount a corporation borrowed in a bond situation
political risk
principal
penny stocks
Personal Identification Number - PIN
9. A chosen pursuit - profession - or occupation
annuities
company risk
career
yield
10. Wall Street Journal and Barron's
checking account
well-known financial newspapers
inflation
variable expenses
11. A legal process to get out of debt when you can no longer make all your required payments.
US Treasury Bills
industry risk
bankruptcy
APR - Average Percentage Rate
12. The place where stocks are bought and sold.
grace period
stock market
over-the-limit fee
diversification
13. Investment choices that will be re-evaluated within a year or less
Investing
political risk
Temporary investment
put-and-take account
14. A bank account against which the depositor can draw checks payable on demand.
non-market risk
checking account
inflation
penny stocks
15. Newspapers list of securities
coverage limit
variable expenses
credit score
financial pages
16. Low-priced stocks of small companies that have no track record
penny stocks
periodic or occasional expenses
Series I Savings Bond
phishing
17. Spreading risk among many types of investments; one way to minimize risk
diversification
US Treasury Bills
career
permanent investment
18. The difference between a lower selling price and a higher purchase price resulting in a financial loss for the seller
chapter 13
capital loss
cash flow
Series I Savings Bond
19. Standard and Poor's and Moody's
tax deferred
well-known investor services
full-service broker
collectibles
20. Spreading risk among many types of investments; one way to minimize risk
wants
variable expenses
diversification
well-know full-service brokers
21. The setting aside of money for future use or other investments
over-the-limit fee
pay yourself first - P.Y.F.
capital gain
financial advisers
22. Expenses that are not fixed.
credit score
variable expenses
annual report
well-know financial magazines
23. The process of dealing with the chance of a potential personal or financial loss.
risk management
well-known investor services
stocks
futures
24. 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.
municipal bonds
credit union
principal
savings account
25. Regular and planned investments
phishing
dollar cost average
systematic investing
annuities
26. The value of What is given up when you choose one option over another.
credit history
spending plan
budget
opportunity cost
27. Brokers who provide clients with analysis and opinions
checking account
full-service broker
risk averse
values
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.
credit limit
annual report
strategic investing
chapter 13
29. The idea that money today is worth more than the same amount of money in the future due to its potential earning capacity.
pay yourself first - P.Y.F.
time value of money
strategic investing
industry risk
30. The willingness to give up something you want now in return for something better in the future.
delayed gratification
debit card
phishing
career
31. The entire amount of money you owe to lenders
debt
Personal Identification Number - PIN
US Treasury Bonds
US Treasury Notes
32. Actions that the government might take that would reduce the value of an investment
credit limit
inflation
political risk
credit history
33. A government sector that requires all public corporations to make annual reports available to their stockholders
Temporary investment
Securities and Exchange Commission
futures
pay yourself first - P.Y.F.
34. Summary of a corporation's financial condition
annual report
deductible
risk taker
rate of return
35. A for-profit company that is owned by its stockholders and provides savings and checking accounts and other financial services to its customers.
bank
company risk
permanent investment
Temporary investment
36. A spending plan for managing money during a given period of time.
budget
diversification
US Treasury Bonds
futures
37. The difference between a higher selling price and a lower purchase price - resulting in a financial gain for the seller
universal default
capital gain
principal
Securities and Exchange Commission
38. The right & not the obligation & to buy or sell commodities or stocks for a specific price on a specific date
industry risk
Personal Identification Number - PIN
options
mutual fund
39. Low-priced stocks of small companies that have no track record
options
penny stocks
risk management
stocks
40. A certificate documenting the shareholder's ownership in the corporation
stock
collectibles
market risk
career
41. A formal contract to repay borrowed money with interest at fixed intervals
interest
career
bond
investing risk
42. Another term for budget
Temporary investment
universal default
spending plan
well-known financial newspapers
43. 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.'
debit card
put-and-take account
debt
periodic or occasional expenses
44. US treasury security that matures in 2 & 5 & or 10 years
values
US Treasury Notes
well-known financial newspapers
portfolio
45. The increase or decrease in the original purchase price of an investment over a period of time.
share draft account
Series EE Savings Bond
variable expenses
rate of return
46. Movement of money you receive and the money you spend
cash flow
share draft account
credit
opportunity cost
47. Discount bonds; a bond purchased for less than the maturity value; example you buy a $50 bond for $25
over-the-limit fee
budget
futures
Series EE Savings Bond
48. US treasury security that matures in 30 years
Investing
Rule of 72
checking account
US Treasury Bonds
49. The probability that injury - damage - or loss will occur.
risk
chapter 7
Personal Identification Number - PIN
variable expenses
50. A form of bankruptcy that allows you to repay many of your debts over a period of time - usually no more than five years.
chapter 13
stock
US Treasury Bills
inflation
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