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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. 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.






2. The entire amount of money you owe to lenders






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






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






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






6. The credit union term for a checking account.






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






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






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






10. Business Weekly & Forbes & Money






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






12. Actions that the government might take that would reduce the value of an investment






13. Low-priced stocks of small companies that have no track record






14. Discount bonds; a bond purchased for less than the maturity value; example you buy a $50 bond for $25






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






16. On a credit card - the length of time you have before you start accumulating interest on an unpaid balance.






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






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






19. Bold and high-risk investments






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






21. A chosen pursuit - profession - or occupation






22. A general and progressive increase in prices






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






24. Debt obligations of corporations






25. Newspapers list of securities






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






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






28. Bold and high-risk investments






29. Expenses that aren't paid every month and can be either fixed or variable.






30. The amount a corporation borrowed in a bond situation






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






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






33. Another term for budget






34. The place where stocks are bought and sold.






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






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






37. Collection of investments






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






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






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






41. Business Weekly & Forbes & Money






42. Expenses that are not fixed.






43. Smaller decisions that can result from a major decision.






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






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






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






47. The use of long-term savings to earn a financial return






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






49. Expenses that are not fixed.






50. Merrill Lynch & Fidelity Investments & American Express






Can you answer 50 questions in 15 minutes?



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