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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. Bold and high-risk investments






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






3. Contacts to buy and sell commodities or stocks for a specific price on a specific date






4. A government sector that requires all public corporations to make annual reports available to their stockholders






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






6. 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.






7. The practice of investing a fixed amount into the same investment at regular intervals - regardless of what the stock market is doing.






8. 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.






9. A payroll deduction collected by employers by law and sent to the state government to support state services.






10. Associated with owning stock of only one company






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






12. A goal to be achieved within the next three months.






13. Brokers who provide clients with analysis and opinions






14. A form of bankruptcy that allows you to repay many of your debts over a period of time - usually no more than five years.






15. A for-profit company that is owned by its stockholders and provides savings and checking accounts and other financial services to its customers.






16. Smaller decisions that can result from a major decision.






17. The chance that an investment's value will decrease






18. Uncontrollable and unpredictable events that cause an investment to lose value






19. The profit from an investment.






20. A technique used for estimating the number of years required to double your money at a given rate






21. Standard and Poor's and Moody's






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






23. Maximum amount of credit a lender will extend to a customer.






24. Low-priced stocks of small companies that have no track record






25. Actions that the government might take that would reduce the value of an investment






26. The place where stocks are bought and sold.






27. A certificate documenting the shareholder's ownership in the corporation






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






29. A card that is used to deduct a purchase amount directly from your checking account instead of drawing on a line of credit; also called 'check card.'






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






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






32. The chance that an investment's value will decrease






33. Bold and high-risk investments






34. Earning interest on interest.






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






36. The amount a corporation borrowed in a bond situation






37. US treasury security that matures from a few days to one year






38. Is a numerical rating - based on credit report information that represents a person's level of creditworthiness






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






40. A general and progressive increase in prices






41. Summary of a corporation's financial condition






42. Bonds designed for investors wanting to protect again inflation losses






43. Companies that provide extensive financial data to clients






44. The amount of a loss you must pay out of your own pocket before the insurance company will step in and pay the rest.






45. The date on which the borrowed money must be repaid






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






47. The difference between a lower selling price and a higher purchase price resulting in a financial loss for the seller






48. A technique used for estimating the number of years required to double your money at a given rate






49. Actions that the government might take that would reduce the value of an investment






50. The difference between a lower selling price and a higher purchase price resulting in a financial loss for the seller







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Can you answer 50 questions in 15 minutes?


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