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. Summary of a corporation's financial condition






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






3. The entire amount of money you owe to lenders






4. 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.






5. Investment choices that will be held for long periods






6. The setting aside of money for future use or other investments






7. The increase or decrease in the original purchase price of an investment over a period of time.






8. Pooling of money from many investors to buy a large & diverse selection of securities






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






10. Property consisting of houses and land






11. The entire amount of money you owe to lenders






12. US treasury security that matures in 30 years






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






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






15. The place where stocks are bought and sold.






16. Associated with owning stock of similar groups of businesses






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






18. Charles Schwab & TD Ameritrade & E*TRADE






19. Another term for budget






20. Investors who are afraid to make investments






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






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






23. The place where stocks are bought and sold.






24. Pooling of money from many investors to buy a large & diverse selection of securities






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






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






27. Another term for budget






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






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






30. Business Weekly & Forbes & Money






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






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






33. The chance that inflation will rise faster than the rate of return on an investment






34. A form of bankruptcy that allows you to erase most of your debt.






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






36. A general and progressive increase in prices






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






38. A formal contract to repay borrowed money with interest at fixed intervals






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






40. A bad side effect of free downloads that may be used to send you pop-up ads - redirect your computer to unwanted Web sites - monitor your Internet surfing - or record your keystrokes in an effort to steal your identity.






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






42. US treasury security that matures in 30 years






43. Investing with a series of regular payments; usually associated with life insurance companies






44. The profit from an investment.






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






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






47. The chance that inflation will rise faster than the rate of return on an investment






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






49. Associated with owning stock of only one company






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