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. Associated with owning stock of similar groups of businesses






2. Earning interest on interest.






3. Bold and high-risk investments






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






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






6. Regular and planned investments






7. Debt obligations of corporations






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






9. Brokers who provide clients with analysis and opinions






10. Collection of investments






11. Collection of investments






12. Uncontrollable and unpredictable events that cause an investment to lose value






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






14. Newspapers list of securities






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






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






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






18. A chosen pursuit - profession - or occupation






19. Brokers who provide clients with analysis and opinions






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






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






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






23. Standard and Poor's and Moody's






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






25. 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.






26. US treasury security that matures in 30 years






27. A technique used for estimating the number of years required to double your money at a given rate






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






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






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






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






32. Regular and planned investments






33. A form of bankruptcy that allows you to repay many of your debts over a period of time - usually no more than five years.






34. Wall Street Journal and Barron's






35. The entire amount of money you owe to lenders






36. A technique used for estimating the number of years required to double your money at a given rate






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






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






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






40. Investors who take to take chances






41. The profit from an investment.






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






43. Bold and high-risk investments






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






45. Another term for budget






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






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






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






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






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