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. The amount of money someone is willing to loan you.






2. Regular and planned investments






3. Expenses that are not fixed.






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






5. Expenses that are not fixed.






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






7. The credit union term for a checking account.






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






9. Charles Schwab & TD Ameritrade & E*TRADE






10. 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.






11. Investing with a series of regular payments; usually associated with life insurance companies






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






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






14. The amount a corporation pays at a fixed amount when repaying a bond






15. Newspapers list of securities






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






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






18. The amount a corporation pays at a fixed amount when repaying a bond






19. Merrill Lynch & Fidelity Investments & American Express






20. A chosen pursuit - profession - or occupation






21. The increase or decrease in the original purchase price of an investment over a period of time.






22. A clause included in many credit card company agreements that allows a credit card company to increase your interest rate if you make just one late payment.






23. 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.'






24. US treasury security that matures in 30 years






25. A form of bankruptcy that allows you to erase most of your debt.






26. Bold and high-risk investments






27. A unit of ownership in a corporation






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






29. Wall Street Journal and Barron's






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






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






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






33. Debt obligations of corporations






34. Charles Schwab & TD Ameritrade & E*TRADE






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






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






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






38. Debt obligations of state or local governments






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






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






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






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






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






44. Companies that provide extensive financial data to clients






45. A general and progressive increase in prices






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






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






48. A goal to be achieved within the next three months.






49. The idea that money today is worth more than the same amount of money in the future due to its potential earning capacity.






50. A general and progressive increase in prices