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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. Standard and Poor's and Moody's
speculative investments
well-known investor services
inflation
delayed gratification
2. Newspapers list of securities
financial pages
cash flow
put-and-take account
company risk
3. A certificate documenting the shareholder's ownership in the corporation
diversification
US Treasury Notes
stock
futures
4. Newspapers list of securities
financial pages
debt
grace period
systematic investing
5. A summary of a person's borrowing and repayment history.
tax deferred
industry risk
credit history
systematic investing
6. Things that add comfort and pleasure to your life but you can live without if you need to.
risk
full-service broker
company risk
wants
7. The difference between a lower selling price and a higher purchase price resulting in a financial loss for the seller
market risk
cash flow
capital loss
share account
8. Pooling of money from many investors to buy a large & diverse selection of securities
bankruptcy
state income tax
Rule of 72
mutual funds
9. The difference between a lower selling price and a higher purchase price resulting in a financial loss for the seller
Securities and Exchange Commission
capital loss
variable expenses
wants
10. Summary of a corporation's financial condition
universal default
investor services
investor services
annual report
11. Conservative investing; used when you have 'excess' savings
investor services
stocks
initial investing
penny stocks
12. Property consisting of houses and land
well-known discount brokers
investor services
real estate
social security tax
13. Investment choices that will be re-evaluated within a year or less
ATM - Automatic Teller Machine
Temporary investment
rate of return
credit score
14. The right & not the obligation & to buy or sell commodities or stocks for a specific price on a specific date
checking account
origination fee
options
corporate bonds
15. A technique used for estimating the number of years required to double your money at a given rate
Rule of 72
risk
well-known discount brokers
well-known discount brokers
16. A bank account against which the depositor can draw checks payable on demand.
stock market
Securities and Exchange Commission
risk taker
checking account
17. US treasury security that matures in 2 & 5 & or 10 years
origination fee
deductible
bankruptcy
US Treasury Notes
18. The increase or decrease in the original purchase price of an investment over a period of time.
rate of return
credit report
strategic investing
portfolio
19. Brokers who provided little or no information to clients
portfolio
industry risk
discount brokers
Securities and Exchange Commission
20. The use of long-term savings to earn a financial return
debt
credit history
political risk
Investing
21. Another term for budget
Series I Savings Bond
corporate bonds
investing risk
spending plan
22. A general and progressive increase in prices
credit history
collectibles
investing risk
inflation
23. A unit of ownership in a corporation
periodic or occasional expenses
Series I Savings Bond
stocks
risk averse
24. The value of What is given up when you choose one option over another.
cash flow
share draft account
credit report
opportunity cost
25. A term that describes investments on which earnings are not taxed until retirement
credit history
US Treasury Bonds
tax deferred
permanent investment
26. A formal contract to repay borrowed money with interest at fixed intervals
bond
Temporary investment
Series EE Savings Bond
stock market
27. Debt obligations of corporations
discount brokers
corporate bonds
values
speculative investments
28. US treasury security that matures from a few days to one year
diversification
US Treasury Bills
industry risk
futures
29. Debt obligations of state or local governments
futures
industry risk
municipal bonds
principal
30. Brokers who provide clients with analysis and opinions
credit limit
APR - Average Percentage Rate
full-service broker
bond
31. Contacts to buy and sell commodities or stocks for a specific price on a specific date
delayed gratification
grace period
futures
coverage limit
32. A payroll deduction collected by employers by law and sent to the state government to support state services.
bankruptcy
state income tax
credit history
non-market risk
33. Collection of investments
well-known financial newspapers
portfolio
compounding interest rate
social security tax
34. A form of bankruptcy that allows you to erase most of your debt.
permanent investment
discount brokers
chapter 7
periodic or occasional expenses
35. Bold and high-risk investments
dollar cost average
speculative investments
rate of return
delayed gratification
36. A unit of ownership in a corporation
credit
stocks
periodic or occasional expenses
savings account
37. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail or pop-up messages.
career
time value of money
phishing
rate of return
38. Investors who take to take chances
principal
collectibles
risk taker
capital gain
39. A technique used for estimating the number of years required to double your money at a given rate
spending plan
universal default
Rule of 72
variable expenses
40. Charles Schwab & TD Ameritrade & E*TRADE
options
well-known discount brokers
diversification
checking account
41. The portion of the profits paid to the shareholders of a company.
mutual fund
dividend
debt
wants
42. The chance that inflation will rise faster than the rate of return on an investment
opportunity cost
yield
credit
interest-rate risk
43. The process of dealing with the chance of a potential personal or financial loss.
risk management
well-known financial newspapers
time value of money
industry risk
44. Fee on credit card for making charges above your credit limit.
over-the-limit fee
financial advisers
permanent investment
inflation
45. Management of investment alternatives to maximize the growth of your portfolio
permanent investment
tax deferred
social security tax
strategic investing
46. Brokers who provided little or no information to clients
discount brokers
futures
credit history
Series I Savings Bond
47. A payroll deduction collected by employers by law and sent to the federal government to provide a small income and other services to the elderly - disabled Americans - and orphaned minors.
interest
risk taker
social security tax
share draft account
48. People trained to give investment advise based on your goals & age & lifestyle & etc
mutual funds
financial advisers
well-know full-service brokers
full-service broker
49. Investment choices that will be re-evaluated within a year or less
career
risk
Temporary investment
Personal Identification Number - PIN
50. A detailed record of your personal credit and financial transactions.
credit report
well-known financial newspapers
values
principal