SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
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. The amount of money someone is willing to loan you.
savings
principal
maturity date
mutual funds
2. Regular and planned investments
over-the-limit fee
strategic investing
rate of return
systematic investing
3. Expenses that are not fixed.
well-known financial newspapers
bond
financial advisers
variable expenses
4. A certificate documenting the shareholder's ownership in the corporation
mutual funds
Series EE Savings Bond
stock
yield
5. Expenses that are not fixed.
deductible
principal
variable expenses
annuities
6. Money used for short-term needs like emergencies; advisers recommend three to six months' net pay for set aside for this
put-and-take account
options
inflation
non-market risk
7. The credit union term for a checking account.
periodic or occasional expenses
share draft account
credit score
variable expenses
8. Low-priced stocks of small companies that have no track record
penny stocks
delayed gratification
Series I Savings Bond
maturity date
9. Charles Schwab & TD Ameritrade & E*TRADE
Series I Savings Bond
interest-rate risk
political risk
well-known discount brokers
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.
social security tax
Temporary investment
stock market
spyware
11. Investing with a series of regular payments; usually associated with life insurance companies
capital gain
annuities
non-market risk
spyware
12. The practice of investing a fixed amount into the same investment at regular intervals - regardless of what the stock market is doing.
Series I Savings Bond
dollar cost average
credit score
opportunity cost
13. Losses in an investment as a result of the business cycle
annual fee
penny stocks
market risk
collectibles
14. The amount a corporation pays at a fixed amount when repaying a bond
strategic investing
put-and-take account
interest
risk taker
15. Newspapers list of securities
credit score
savings
financial pages
social security tax
16. The date on which the borrowed money must be repaid
maturity date
stocks
delayed gratification
strategic investing
17. The probability that injury - damage - or loss will occur.
risk
mutual fund
credit history
company risk
18. The amount a corporation pays at a fixed amount when repaying a bond
full-service broker
interest
Rule of 72
opportunity cost
19. Merrill Lynch & Fidelity Investments & American Express
well-know full-service brokers
market risk
time value of money
dollar cost average
20. A chosen pursuit - profession - or occupation
mutual fund
non-market risk
initial investing
career
21. The increase or decrease in the original purchase price of an investment over a period of time.
discount brokers
debt
grace period
rate of return
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.
credit limit
universal default
stock market
phishing
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.'
market risk
put-and-take account
debit card
futures
24. US treasury security that matures in 30 years
US Treasury Bonds
credit history
non-market risk
Series I Savings Bond
25. A form of bankruptcy that allows you to erase most of your debt.
chapter 7
speculative investments
US Treasury Bonds
short term goal
26. Bold and high-risk investments
capital loss
maturity date
speculative investments
satellite decisions
27. A unit of ownership in a corporation
financial advisers
stocks
strategic investing
social security tax
28. Expenses that aren't paid every month and can be either fixed or variable.
periodic or occasional expenses
Rule of 72
budget
non-market risk
29. Wall Street Journal and Barron's
bankruptcy
futures
credit union
well-known financial newspapers
30. The setting aside of money for future use or other investments
pay yourself first - P.Y.F.
stock
chapter 7
risk management
31. Maximum amount of credit a lender will extend to a customer.
time value of money
credit limit
ATM - Automatic Teller Machine
futures
32. A bank account against which the depositor can draw checks payable on demand.
cash flow
collectibles
checking account
investing risk
33. Debt obligations of corporations
municipal bonds
compounding interest rate
yield
corporate bonds
34. Charles Schwab & TD Ameritrade & E*TRADE
options
well-known discount brokers
interest
debit card
35. Coins & art & memorabilia or other items that are popular from time to time
collectibles
career
social security tax
political risk
36. The willingness to give up something you want now in return for something better in the future.
delayed gratification
systematic investing
APR - Average Percentage Rate
full-service broker
37. Fee on credit card for making charges above your credit limit.
wants
political risk
market risk
over-the-limit fee
38. Debt obligations of state or local governments
grace period
municipal bonds
bankruptcy
variable expenses
39. People trained to give investment advise based on your goals & age & lifestyle & etc
financial advisers
initial investing
interest-rate risk
bankruptcy
40. Things that add comfort and pleasure to your life but you can live without if you need to.
municipal bonds
options
Investing
wants
41. Management of investment alternatives to maximize the growth of your portfolio
strategic investing
spending plan
Series I Savings Bond
full-service broker
42. Money used for short-term needs like emergencies; advisers recommend three to six months' net pay for set aside for this
stock
ATM - Automatic Teller Machine
opportunity cost
put-and-take account
43. Low-priced stocks of small companies that have no track record
well-know financial magazines
company risk
delayed gratification
penny stocks
44. Companies that provide extensive financial data to clients
investor services
origination fee
stocks
market risk
45. A general and progressive increase in prices
strategic investing
over-the-limit fee
inflation
investing risk
46. An amount that credit card companies can charge for the use of a credit card.
interest
annual report
satellite decisions
annual fee
47. The unique passcode number you use to get access to your savings and/or checking account
company risk
Personal Identification Number - PIN
chapter 13
Series I Savings Bond
48. A goal to be achieved within the next three months.
speculative investments
initial investing
strategic investing
short term goal
49. The idea that money today is worth more than the same amount of money in the future due to its potential earning capacity.
Rule of 72
time value of money
universal default
annual fee
50. A general and progressive increase in prices
industry risk
inflation
variable expenses
bond