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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 fee charged to a borrower (especially for a mortgage loan) to cover the costs of initiating the loan.
investor services
origination fee
ATM - Automatic Teller Machine
savings account
2. Coins & art & memorabilia or other items that are popular from time to time
Temporary investment
cash flow
variable expenses
collectibles
3. Charles Schwab & TD Ameritrade & E*TRADE
discount brokers
phishing
well-known discount brokers
credit
4. The right & not the obligation & to buy or sell commodities or stocks for a specific price on a specific date
savings
options
wants
US Treasury Bonds
5. A financial institution owned by its members that provides savings and checking accounts and other services to its membership at low fees.
credit union
futures
discount brokers
diversification
6. Brokers who provide clients with analysis and opinions
Investing
dividend
full-service broker
capital loss
7. Property consisting of houses and land
market risk
real estate
full-service broker
credit report
8. A technique used for estimating the number of years required to double your money at a given rate
Rule of 72
mutual fund
phishing
budget
9. The maximum amount an insurance company will pay if you file a claim.
Series I Savings Bond
coverage limit
annual report
periodic or occasional expenses
10. Regular and planned investments
penny stocks
mutual funds
systematic investing
share account
11. The willingness to give up something you want now in return for something better in the future.
credit history
share draft account
delayed gratification
well-know financial magazines
12. A payroll deduction collected by employers by law and sent to the state government to support state services.
bond
stock market
state income tax
corporate bonds
13. A general and progressive increase in prices
annuities
well-known discount brokers
diversification
inflation
14. US treasury security that matures in 2 & 5 & or 10 years
diversification
credit history
interest
US Treasury Notes
15. 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.
political risk
penny stocks
savings account
corporate bonds
16. Management of investment alternatives to maximize the growth of your portfolio
delayed gratification
savings account
strategic investing
spyware
17. Debt obligations of state or local governments
financial pages
risk management
municipal bonds
chapter 7
18. The belief - qualities - or standards that you consider important or desirable.
interest
full-service broker
US Treasury Bonds
values
19. Spreading risk among many types of investments; one way to minimize risk
capital loss
diversification
over-the-limit fee
initial investing
20. The portion of the profits paid to the shareholders of a company.
dividend
annual fee
stock
credit limit
21. Things that add comfort and pleasure to your life but you can live without if you need to.
interest-rate risk
rate of return
spending plan
wants
22. Reducing investment risk by putting money in several different types of investments.
well-known financial newspapers
wants
Temporary investment
diversification
23. Another term for budget
annual fee
spending plan
savings account
Rule of 72
24. A financial institution owned by its members that provides savings and checking accounts and other services to its membership at low fees.
chapter 13
share draft account
pay yourself first - P.Y.F.
credit union
25. Things that add comfort and pleasure to your life but you can live without if you need to.
financial pages
wants
credit
opportunity cost
26. 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.
diversification
discount brokers
universal default
dividend
27. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail or pop-up messages.
maturity date
coverage limit
diversification
phishing
28. Wall Street Journal and Barron's
US Treasury Bonds
options
rate of return
well-known financial newspapers
29. The chance that an investment's value will decrease
corporate bonds
US Treasury Bonds
bank
investing risk
30. Earning interest on interest.
phishing
risk
compounding interest rate
well-known financial newspapers
31. The unique passcode number you use to get access to your savings and/or checking account
compounding interest rate
investing risk
Personal Identification Number - PIN
tax deferred
32. Is a numerical rating - based on credit report information that represents a person's level of creditworthiness
credit score
satellite decisions
periodic or occasional expenses
capital gain
33. A technique used for estimating the number of years required to double your money at a given rate
corporate bonds
budget
annuities
Rule of 72
34. Debt obligations of corporations
corporate bonds
tax deferred
share draft account
credit history
35. Brokers who provided little or no information to clients
discount brokers
full-service broker
risk averse
universal default
36. The profit from an investment.
yield
put-and-take account
well-know full-service brokers
mutual funds
37. An amount of money that is loaned on trust with the expectation that it will be repaid at a later date.
credit
tax deferred
Series EE Savings Bond
principal
38. Wall Street Journal and Barron's
APR - Average Percentage Rate
risk averse
well-known financial newspapers
well-known discount brokers
39. Summary of a corporation's financial condition
annual report
deductible
chapter 7
bank
40. Earning interest on interest.
pay yourself first - P.Y.F.
rate of return
inflation
compounding interest rate
41. Fee on credit card for making charges above your credit limit.
over-the-limit fee
dividend
penny stocks
risk averse
42. US treasury security that matures in 30 years
municipal bonds
spending plan
US Treasury Bonds
delayed gratification
43. A unit of ownership in a corporation
stocks
inflation
Investing
credit history
44. A term that describes investments on which earnings are not taxed until retirement
stock market
credit union
capital gain
tax deferred
45. Actions that the government might take that would reduce the value of an investment
risk taker
origination fee
coverage limit
political risk
46. The probability that injury - damage - or loss will occur.
values
risk
well-known financial newspapers
over-the-limit fee
47. Smaller decisions that can result from a major decision.
satellite decisions
financial advisers
origination fee
credit report
48. Pooling of money from many investors to buy a large & diverse selection of securities
initial investing
mutual funds
credit
portfolio
49. A bank account against which the depositor can draw checks payable on demand.
dividend
checking account
political risk
coverage limit
50. Newspapers list of securities
strategic investing
credit history
financial pages
values