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Test your basic knowledge |
Financial Literacy Basics
Start Test
Study First
Subjects
:
literacy
,
personal-finance
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. A term that describes investments on which earnings are not taxed until retirement
annual fee
tax deferred
values
bond
2. The total amount of what it costs you to use credit in a given year. It is expressed as a percentage of the amount borrowed.
US Treasury Bills
financial advisers
APR - Average Percentage Rate
futures
3. The amount of money someone is willing to loan you.
maturity date
principal
annual report
mutual fund
4. Debt obligations of corporations
put-and-take account
credit union
US Treasury Bills
corporate bonds
5. Investors who take to take chances
risk taker
compounding interest rate
career
Temporary investment
6. The belief - qualities - or standards that you consider important or desirable.
coverage limit
non-market risk
systematic investing
values
7. An electronic machine that bank customers and credit union members can use to withdraw cash and make other financial transactions.
career
ATM - Automatic Teller Machine
diversification
Rule of 72
8. 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.'
collectibles
Rule of 72
credit union
debit card
9. Movement of money you receive and the money you spend
Temporary investment
cash flow
bankruptcy
speculative investments
10. Brokers who provided little or no information to clients
well-know financial magazines
investor services
time value of money
discount brokers
11. Brokers who provide clients with analysis and opinions
industry risk
principal
options
full-service broker
12. A general and progressive increase in prices
chapter 7
inflation
Rule of 72
share draft account
13. A government sector that requires all public corporations to make annual reports available to their stockholders
Securities and Exchange Commission
share account
origination fee
company risk
14. Reducing investment risk by putting money in several different types of investments.
short term goal
industry risk
diversification
financial advisers
15. Bonds designed for investors wanting to protect again inflation losses
credit limit
Series I Savings Bond
spending plan
bankruptcy
16. The maximum amount an insurance company will pay if you file a claim.
stocks
Rule of 72
coverage limit
bond
17. Investing with a series of regular payments; usually associated with life insurance companies
interest-rate risk
annuities
investing risk
pay yourself first - P.Y.F.
18. The credit union term for a savings account.
share account
yield
collectibles
Series I Savings Bond
19. A fee charged to a borrower (especially for a mortgage loan) to cover the costs of initiating the loan.
origination fee
compounding interest rate
pay yourself first - P.Y.F.
periodic or occasional expenses
20. Collection of investments
APR - Average Percentage Rate
credit report
portfolio
annual report
21. Investment choices that will be held for long periods
put-and-take account
US Treasury Bonds
political risk
permanent investment
22. A for-profit company that is owned by its stockholders and provides savings and checking accounts and other financial services to its customers.
dollar cost average
Series I Savings Bond
bank
non-market risk
23. Summary of a corporation's financial condition
satellite decisions
annual report
over-the-limit fee
Temporary investment
24. Property consisting of houses and land
real estate
Investing
capital loss
Securities and Exchange Commission
25. The setting aside of money for future use or other investments
credit score
compounding interest rate
pay yourself first - P.Y.F.
savings account
26. The amount a corporation borrowed in a bond situation
principal
discount brokers
mutual funds
portfolio
27. The process of dealing with the chance of a potential personal or financial loss.
risk management
municipal bonds
interest
wants
28. A technique used for estimating the number of years required to double your money at a given rate
universal default
phishing
credit limit
Rule of 72
29. Investment choices that will be re-evaluated within a year or less
Temporary investment
speculative investments
collectibles
systematic investing
30. Newspapers list of securities
financial pages
risk taker
diversification
debt
31. Expenses that are not fixed.
variable expenses
non-market risk
speculative investments
investing risk
32. Discount bonds; a bond purchased for less than the maturity value; example you buy a $50 bond for $25
put-and-take account
interest-rate risk
risk taker
Series EE Savings Bond
33. The entire amount of money you owe to lenders
annuities
savings account
inflation
debt
34. 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.
stock market
spyware
Rule of 72
values
35. People trained to give investment advise based on your goals & age & lifestyle & etc
diversification
APR - Average Percentage Rate
municipal bonds
financial advisers
36. Spreading risk among many types of investments; one way to minimize risk
real estate
diversification
well-known investor services
deductible
37. A chosen pursuit - profession - or occupation
career
interest-rate risk
diversification
cash flow
38. The value of What is given up when you choose one option over another.
speculative investments
debit card
opportunity cost
industry risk
39. Management of investment alternatives to maximize the growth of your portfolio
well-know financial magazines
strategic investing
futures
Temporary investment
40. A detailed record of your personal credit and financial transactions.
speculative investments
credit report
Series I Savings Bond
bond
41. An amount of money that is loaned on trust with the expectation that it will be repaid at a later date.
capital gain
credit
bank
share account
42. Associated with owning stock of only one company
variable expenses
put-and-take account
discount brokers
company risk
43. Bold and high-risk investments
bankruptcy
municipal bonds
over-the-limit fee
speculative investments
44. Brokers who provided little or no information to clients
discount brokers
systematic investing
diversification
permanent investment
45. Companies that provide extensive financial data to clients
dollar cost average
chapter 13
rate of return
investor services
46. Spreading risk among many types of investments; one way to minimize risk
satellite decisions
diversification
bank
annual fee
47. The probability that injury - damage - or loss will occur.
risk
stock
strategic investing
principal
48. Property consisting of houses and land
real estate
satellite decisions
budget
universal default
49. A chosen pursuit - profession - or occupation
career
rate of return
variable expenses
market risk
50. The entire amount of money you owe to lenders
debt
portfolio
grace period
Temporary investment
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