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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. A general and progressive increase in prices






2. The credit union term for a savings account.






3. Bold and high-risk investments






4. Associated with owning stock of only one company






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






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






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






8. Charles Schwab & TD Ameritrade & E*TRADE






9. Collection of investments






10. The credit union term for a savings account.






11. Companies that provide extensive financial data to clients






12. Wall Street Journal and Barron's






13. Newspapers list of securities






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






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






16. Brokers who provided little or no information to clients






17. Debt obligations of corporations






18. Investors who take to take chances






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






20. Investment choices that will be held for long periods






21. US treasury security that matures in 30 years






22. Companies that provide extensive financial data to clients






23. 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.






24. Regular and planned investments






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






26. Brokers who provide clients with analysis and opinions






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






28. Associated with owning stock of similar groups of businesses






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






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






31. A government sector that requires all public corporations to make annual reports available to their stockholders






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






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






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






35. 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.'






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






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






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






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






40. Summary of a corporation's financial condition






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






42. An investment security that is actually a diversified portfolio of equities - bonds or other securities. Investors purchase shares and can sell them at any time.






43. The credit union term for a checking account.






44. Summary of a corporation's financial condition






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






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






47. A legal process to get out of debt when you can no longer make all your required payments.






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






49. A term that describes investments on which earnings are not taxed until retirement






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







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Can you answer 50 questions in 15 minutes?


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