Test your basic knowledge |

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






2. The chance that inflation will rise faster than the rate of return on an investment






3. Debt obligations of state or local governments






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






5. The entire amount of money you owe to lenders






6. Bold and high-risk investments






7. A summary of a person's borrowing and repayment history.






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






9. A mathematical method that can be used to show how long it will take to double your money in an investment simply by dividing 72 by the rate of interest.






10. The date on which the borrowed money must be repaid






11. The maximum amount an insurance company will pay if you file a claim.






12. Wall Street Journal and Barron's






13. The amount a corporation borrowed in a bond situation






14. Reducing investment risk by putting money in several different types of investments.






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






16. The practice of investing a fixed amount into the same investment at regular intervals - regardless of what the stock market is doing.






17. Expenses that are not fixed.






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






19. Collection of investments






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






21. Management of investment alternatives to maximize the growth of your portfolio






22. A government sector that requires all public corporations to make annual reports available to their stockholders






23. A chosen pursuit - profession - or occupation






24. Losses in an investment as a result of the business cycle






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






26. US treasury security that matures in 30 years






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






28. The difference between a higher selling price and a lower purchase price - resulting in a financial gain for the seller






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






30. US treasury security that matures in 2 & 5 & or 10 years






31. A mathematical method that can be used to show how long it will take to double your money in an investment simply by dividing 72 by the rate of interest.






32. Debt obligations of corporations






33. 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.






34. Summary of a corporation's financial condition






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






36. Debt obligations of corporations






37. Brokers who provided little or no information to clients






38. Another term for budget






39. Standard and Poor's and Moody's






40. The place where stocks are bought and sold.






41. The credit union term for a checking account.






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






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






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






45. Things that add comfort and pleasure to your life but you can live without if you need to.






46. Standard and Poor's and Moody's






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






48. A unit of ownership in a corporation






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






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