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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. Companies that provide extensive financial data to clients
real estate
investor services
well-know full-service brokers
well-know financial magazines
2. Business Weekly & Forbes & Money
well-know financial magazines
capital loss
debit card
diversification
3. The maximum amount an insurance company will pay if you file a claim.
annual report
checking account
coverage limit
origination fee
4. A for-profit company that is owned by its stockholders and provides savings and checking accounts and other financial services to its customers.
chapter 7
Personal Identification Number - PIN
bank
US Treasury Bills
5. The chance that an investment's value will decrease
credit
universal default
financial advisers
investing risk
6. 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.
initial investing
universal default
share draft account
phishing
7. The probability that injury - damage - or loss will occur.
universal default
risk averse
risk
spending plan
8. A general and progressive increase in prices
inflation
interest
career
periodic or occasional expenses
9. A payroll deduction collected by employers by law and sent to the state government to support state services.
risk averse
chapter 13
maturity date
state income tax
10. Investing with a series of regular payments; usually associated with life insurance companies
inflation
annuities
corporate bonds
inflation
11. The profit from an investment.
interest-rate risk
time value of money
savings
yield
12. The difference between a lower selling price and a higher purchase price resulting in a financial loss for the seller
share account
debit card
credit limit
capital loss
13. Investors who take to take chances
inflation
options
risk taker
delayed gratification
14. Actions that the government might take that would reduce the value of an investment
risk averse
portfolio
speculative investments
political risk
15. Property consisting of houses and land
real estate
interest
grace period
stock market
16. Investment choices that will be re-evaluated within a year or less
Temporary investment
delayed gratification
futures
wants
17. The amount a corporation pays at a fixed amount when repaying a bond
interest
chapter 13
principal
yield
18. People trained to give investment advise based on your goals & age & lifestyle & etc
put-and-take account
corporate bonds
over-the-limit fee
financial advisers
19. A financial institution owned by its members that provides savings and checking accounts and other services to its membership at low fees.
credit union
industry risk
municipal bonds
credit report
20. Standard and Poor's and Moody's
well-known investor services
risk management
maturity date
chapter 7
21. The chance that an investment's value will decrease
US Treasury Bonds
investing risk
ATM - Automatic Teller Machine
spending plan
22. Uncontrollable and unpredictable events that cause an investment to lose value
career
grace period
US Treasury Notes
non-market risk
23. A general and progressive increase in prices
speculative investments
inflation
mutual fund
delayed gratification
24. The setting aside of money for future use or other investments
time value of money
penny stocks
pay yourself first - P.Y.F.
credit limit
25. The increase or decrease in the original purchase price of an investment over a period of time.
well-known discount brokers
industry risk
principal
rate of return
26. The unique passcode number you use to get access to your savings and/or checking account
financial pages
Rule of 72
Personal Identification Number - PIN
credit union
27. Investment choices that will be re-evaluated within a year or less
credit limit
Temporary investment
debit card
well-know full-service brokers
28. The process of dealing with the chance of a potential personal or financial loss.
risk management
well-known discount brokers
periodic or occasional expenses
APR - Average Percentage Rate
29. The idea that money today is worth more than the same amount of money in the future due to its potential earning capacity.
non-market risk
time value of money
periodic or occasional expenses
deductible
30. Smaller decisions that can result from a major decision.
compounding interest rate
rate of return
satellite decisions
Personal Identification Number - PIN
31. The amount of a loss you must pay out of your own pocket before the insurance company will step in and pay the rest.
deductible
non-market risk
credit limit
US Treasury Bills
32. Expenses that are not fixed.
grace period
variable expenses
corporate bonds
put-and-take account
33. 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.
savings account
Securities and Exchange Commission
delayed gratification
credit union
34. 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
origination fee
market risk
savings
35. The amount a corporation pays at a fixed amount when repaying a bond
speculative investments
US Treasury Notes
interest
stock market
36. A detailed record of your personal credit and financial transactions.
credit report
well-know financial magazines
savings
state income tax
37. The credit union term for a savings account.
annual report
spyware
share account
wants
38. The total amount of what it costs you to use credit in a given year. It is expressed as a percentage of the amount borrowed.
Series EE Savings Bond
well-known discount brokers
APR - Average Percentage Rate
speculative investments
39. Pooling of money from many investors to buy a large & diverse selection of securities
full-service broker
share account
mutual funds
risk averse
40. Expenses that aren't paid every month and can be either fixed or variable.
interest
periodic or occasional expenses
opportunity cost
rate of return
41. 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.
savings
state income tax
savings account
investor services
42. Debt obligations of state or local governments
principal
municipal bonds
financial pages
interest-rate risk
43. 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.
Rule of 72
Investing
credit
stock
44. A government sector that requires all public corporations to make annual reports available to their stockholders
Securities and Exchange Commission
financial pages
spending plan
opportunity cost
45. 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.
discount brokers
mutual fund
industry risk
initial investing
46. US treasury security that matures in 2 & 5 & or 10 years
ATM - Automatic Teller Machine
yield
Rule of 72
US Treasury Notes
47. The belief - qualities - or standards that you consider important or desirable.
values
bond
municipal bonds
social security tax
48. Actions that the government might take that would reduce the value of an investment
full-service broker
put-and-take account
political risk
debt
49. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail or pop-up messages.
phishing
investor services
budget
chapter 13
50. A summary of a person's borrowing and repayment history.
credit limit
well-known investor services
credit history
Rule of 72