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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. Reducing investment risk by putting money in several different types of investments.
strategic investing
Personal Identification Number - PIN
diversification
corporate bonds
2. The difference between a lower selling price and a higher purchase price resulting in a financial loss for the seller
US Treasury Bills
delayed gratification
diversification
capital loss
3. Business Weekly & Forbes & Money
US Treasury Bonds
well-know financial magazines
Investing
coverage limit
4. Pooling of money from many investors to buy a large & diverse selection of securities
systematic investing
US Treasury Bills
diversification
mutual funds
5. Standard and Poor's and Moody's
speculative investments
futures
full-service broker
well-known investor services
6. Uncontrollable and unpredictable events that cause an investment to lose value
non-market risk
Series EE Savings Bond
investing risk
origination fee
7. The maximum amount an insurance company will pay if you file a claim.
coverage limit
variable expenses
rate of return
industry risk
8. The chance that inflation will rise faster than the rate of return on an investment
yield
annual fee
interest-rate risk
industry risk
9. The unique passcode number you use to get access to your savings and/or checking account
bankruptcy
annual report
US Treasury Bills
Personal Identification Number - PIN
10. The credit union term for a checking account.
rate of return
discount brokers
share draft account
Securities and Exchange Commission
11. Losses in an investment as a result of the business cycle
deductible
universal default
market risk
APR - Average Percentage Rate
12. Amount of money that is set aside for future purchases
savings
risk
rate of return
principal
13. Investment choices that will be re-evaluated within a year or less
universal default
values
risk management
Temporary investment
14. A summary of a person's borrowing and repayment history.
savings account
credit history
strategic investing
credit union
15. Debt obligations of corporations
stocks
chapter 13
Rule of 72
corporate bonds
16. The probability that injury - damage - or loss will occur.
grace period
industry risk
interest-rate risk
risk
17. A fee charged to a borrower (especially for a mortgage loan) to cover the costs of initiating the loan.
origination fee
risk management
mutual funds
mutual funds
18. A financial institution owned by its members that provides savings and checking accounts and other services to its membership at low fees.
stocks
credit union
credit history
US Treasury Notes
19. Collection of investments
credit score
financial pages
discount brokers
portfolio
20. An amount of money that is loaned on trust with the expectation that it will be repaid at a later date.
satellite decisions
credit
put-and-take account
phishing
21. Spreading risk among many types of investments; one way to minimize risk
variable expenses
diversification
savings
share draft account
22. Money used for short-term needs like emergencies; advisers recommend three to six months' net pay for set aside for this
Rule of 72
investor services
put-and-take account
budget
23. A form of bankruptcy that allows you to repay many of your debts over a period of time - usually no more than five years.
opportunity cost
values
chapter 13
rate of return
24. A government sector that requires all public corporations to make annual reports available to their stockholders
short term goal
investing risk
Securities and Exchange Commission
coverage limit
25. Summary of a corporation's financial condition
company risk
annual report
short term goal
short term goal
26. Losses in an investment as a result of the business cycle
wants
yield
permanent investment
market risk
27. Expenses that are not fixed.
speculative investments
mutual funds
variable expenses
social security tax
28. Charles Schwab & TD Ameritrade & E*TRADE
well-known discount brokers
variable expenses
market risk
time value of money
29. Uncontrollable and unpredictable events that cause an investment to lose value
initial investing
discount brokers
interest
non-market risk
30. A government sector that requires all public corporations to make annual reports available to their stockholders
Securities and Exchange Commission
maturity date
savings account
deductible
31. Contacts to buy and sell commodities or stocks for a specific price on a specific date
full-service broker
risk averse
futures
Temporary investment
32. Brokers who provided little or no information to clients
risk
discount brokers
maturity date
well-known financial newspapers
33. Newspapers list of securities
capital loss
financial pages
over-the-limit fee
mutual fund
34. A general and progressive increase in prices
inflation
full-service broker
US Treasury Bills
state income tax
35. A goal to be achieved within the next three months.
short term goal
rate of return
spyware
portfolio
36. The setting aside of money for future use or other investments
spyware
market risk
strategic investing
pay yourself first - P.Y.F.
37. The value of What is given up when you choose one option over another.
discount brokers
financial pages
opportunity cost
bank
38. Business Weekly & Forbes & Money
well-know financial magazines
risk
discount brokers
well-known investor services
39. Investment choices that will be held for long periods
stock market
principal
permanent investment
Temporary investment
40. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail or pop-up messages.
phishing
universal default
full-service broker
Personal Identification Number - PIN
41. The amount of a loss you must pay out of your own pocket before the insurance company will step in and pay the rest.
credit history
wants
deductible
permanent investment
42. Investors who are afraid to make investments
risk
credit report
risk averse
diversification
43. The belief - qualities - or standards that you consider important or desirable.
social security tax
values
principal
credit report
44. Associated with owning stock of similar groups of businesses
satellite decisions
speculative investments
capital gain
industry risk
45. The date on which the borrowed money must be repaid
maturity date
dividend
industry risk
Series EE Savings Bond
46. Fee on credit card for making charges above your credit limit.
options
satellite decisions
over-the-limit fee
cash flow
47. Newspapers list of securities
state income tax
financial pages
discount brokers
discount brokers
48. Movement of money you receive and the money you spend
cash flow
Personal Identification Number - PIN
satellite decisions
US Treasury Bonds
49. The amount a corporation pays at a fixed amount when repaying a bond
credit report
interest
short term goal
US Treasury Notes
50. The chance that an investment's value will decrease
investing risk
periodic or occasional expenses
US Treasury Notes
time value of money
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