SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
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. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail or pop-up messages.
phishing
short term goal
annual report
investing risk
2. A financial institution owned by its members that provides savings and checking accounts and other services to its membership at low fees.
annual fee
capital loss
spending plan
credit union
3. A term that describes investments on which earnings are not taxed until retirement
grace period
capital loss
tax deferred
industry risk
4. People trained to give investment advise based on your goals & age & lifestyle & etc
financial advisers
savings account
strategic investing
debit card
5. The maximum amount an insurance company will pay if you file a claim.
coverage limit
company risk
Personal Identification Number - PIN
share draft account
6. 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.
pay yourself first - P.Y.F.
compounding interest rate
savings account
Investing
7. The profit from an investment.
yield
career
well-known investor services
political risk
8. Investment choices that will be re-evaluated within a year or less
savings account
Securities and Exchange Commission
maturity date
Temporary investment
9. Investment choices that will be held for long periods
full-service broker
chapter 13
credit report
permanent investment
10. The amount a corporation borrowed in a bond situation
deductible
principal
political risk
debit card
11. A summary of a person's borrowing and repayment history.
credit history
speculative investments
industry risk
opportunity cost
12. The setting aside of money for future use or other investments
values
bankruptcy
bank
pay yourself first - P.Y.F.
13. Property consisting of houses and land
values
real estate
stocks
principal
14. Brokers who provide clients with analysis and opinions
industry risk
Temporary investment
risk
full-service broker
15. The right & not the obligation & to buy or sell commodities or stocks for a specific price on a specific date
savings account
rate of return
rate of return
options
16. Bold and high-risk investments
speculative investments
credit
APR - Average Percentage Rate
well-known discount brokers
17. A technique used for estimating the number of years required to double your money at a given rate
permanent investment
APR - Average Percentage Rate
Rule of 72
yield
18. Bonds designed for investors wanting to protect again inflation losses
initial investing
full-service broker
opportunity cost
Series I Savings Bond
19. A certificate documenting the shareholder's ownership in the corporation
well-known investor services
stock
chapter 7
annuities
20. Expenses that are not fixed.
career
rate of return
chapter 13
variable expenses
21. The process of dealing with the chance of a potential personal or financial loss.
risk management
social security tax
principal
US Treasury Bonds
22. A term that describes investments on which earnings are not taxed until retirement
wants
portfolio
pay yourself first - P.Y.F.
tax deferred
23. A form of bankruptcy that allows you to erase most of your debt.
chapter 7
share account
dollar cost average
risk
24. A certificate documenting the shareholder's ownership in the corporation
investing risk
stock
well-known financial newspapers
principal
25. The amount of a loss you must pay out of your own pocket before the insurance company will step in and pay the rest.
yield
coverage limit
deductible
company risk
26. 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.
credit report
universal default
variable expenses
market risk
27. A legal process to get out of debt when you can no longer make all your required payments.
bankruptcy
stocks
bond
grace period
28. Uncontrollable and unpredictable events that cause an investment to lose value
interest
share draft account
credit score
non-market risk
29. 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.
spyware
maturity date
grace period
state income tax
30. Business Weekly & Forbes & Money
capital loss
well-know financial magazines
coverage limit
mutual fund
31. Pooling of money from many investors to buy a large & diverse selection of securities
yield
penny stocks
mutual funds
chapter 7
32. A bank account against which the depositor can draw checks payable on demand.
checking account
US Treasury Notes
deductible
savings
33. The use of long-term savings to earn a financial return
capital gain
Investing
portfolio
Rule of 72
34. A fee charged to a borrower (especially for a mortgage loan) to cover the costs of initiating the loan.
financial advisers
stocks
US Treasury Notes
origination fee
35. US treasury security that matures in 30 years
full-service broker
US Treasury Bonds
career
time value of money
36. The willingness to give up something you want now in return for something better in the future.
delayed gratification
bank
initial investing
real estate
37. Contacts to buy and sell commodities or stocks for a specific price on a specific date
risk averse
yield
municipal bonds
futures
38. Standard and Poor's and Moody's
well-known investor services
well-know financial magazines
spyware
risk taker
39. The difference between a higher selling price and a lower purchase price - resulting in a financial gain for the seller
capital gain
put-and-take account
stock
well-known financial newspapers
40. A chosen pursuit - profession - or occupation
well-known investor services
career
US Treasury Bonds
options
41. A spending plan for managing money during a given period of time.
chapter 7
budget
Rule of 72
discount brokers
42. The belief - qualities - or standards that you consider important or desirable.
well-known discount brokers
values
yield
phishing
43. The credit union term for a checking account.
share draft account
origination fee
bond
credit history
44. Investment choices that will be held for long periods
ATM - Automatic Teller Machine
permanent investment
phishing
systematic investing
45. Spreading risk among many types of investments; one way to minimize risk
over-the-limit fee
diversification
chapter 7
risk management
46. Pooling of money from many investors to buy a large & diverse selection of securities
cash flow
coverage limit
career
mutual funds
47. Conservative investing; used when you have 'excess' savings
interest
initial investing
universal default
debt
48. Wall Street Journal and Barron's
options
well-known financial newspapers
bankruptcy
yield
49. The difference between a higher selling price and a lower purchase price - resulting in a financial gain for the seller
ATM - Automatic Teller Machine
periodic or occasional expenses
mutual funds
capital gain
50. The idea that money today is worth more than the same amount of money in the future due to its potential earning capacity.
time value of money
tax deferred
financial pages
grace period