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. Collection of investments






2. 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.






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






4. A for-profit company that is owned by its stockholders and provides savings and checking accounts and other financial services to its customers.






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






6. An amount of money that is loaned on trust with the expectation that it will be repaid at a later date.






7. A general and progressive increase in prices






8. Wall Street Journal and Barron's






9. Earning interest on interest.






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






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






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






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






14. Brokers who provided little or no information to clients






15. 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.






16. 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.






17. Amount of money that is set aside for future purchases






18. Bold and high-risk investments






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






20. The credit union term for a checking account.






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






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






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






24. Investors who are afraid to make investments






25. Standard and Poor's and Moody's






26. A detailed record of your personal credit and financial transactions.






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






28. The amount of a loss you must pay out of your own pocket before the insurance company will step in and pay the rest.






29. 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.






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






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






32. Debt obligations of state or local governments






33. Investors who take to take chances






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






35. US treasury security that matures in 30 years






36. Expenses that are not fixed.






37. Business Weekly & Forbes & Money






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






39. Merrill Lynch & Fidelity Investments & American Express






40. Business Weekly & Forbes & Money






41. The portion of the profits paid to the shareholders of a company.






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






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






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






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






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






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






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






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






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







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


Let me suggest you:

Browse all subjects

Browse all tests

Most popular tests



Major Subjects

Tests & Exams


AP
CLEP
DSST
GRE
SAT
GMAT

Browse all subjects

Browse all tests

Most popular tests