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






2. The difference between a higher selling price and a lower purchase price - resulting in a financial gain for the seller






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






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






5. Investment choices that will be held for long periods






6. Associated with owning stock of only one company






7. Merrill Lynch & Fidelity Investments & American Express






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






9. Expenses that aren't paid every month and can be either fixed or variable.






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






11. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail or pop-up messages.






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






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






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






15. Associated with owning stock of only one company






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






17. Charles Schwab & TD Ameritrade & E*TRADE






18. Wall Street Journal and Barron's






19. On a credit card - the length of time you have before you start accumulating interest on an unpaid balance.






20. 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.






21. Debt obligations of corporations






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






23. Brokers who provide clients with analysis and opinions






24. Debt obligations of state or local governments






25. A unit of ownership in a corporation






26. A fee charged to a borrower (especially for a mortgage loan) to cover the costs of initiating the loan.






27. A term that describes investments on which earnings are not taxed until retirement






28. A chosen pursuit - profession - or occupation






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






30. Charles Schwab & TD Ameritrade & E*TRADE






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






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






33. A detailed record of your personal credit and financial transactions.






34. A spending plan for managing money during a given period of time.






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






36. Conservative investing; used when you have 'excess' savings






37. Business Weekly & Forbes & Money






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






39. 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.'






40. Spreading risk among many types of investments; one way to minimize risk






41. A chosen pursuit - profession - or occupation






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






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






44. Property consisting of houses and land






45. The credit union term for a savings account.






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






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






48. A mathematical method that can be used to show how long it will take to double your money in an investment simply by dividing 72 by the rate of interest.






49. The right & not the obligation & to buy or sell commodities or stocks for a specific price on a specific date






50. The belief - qualities - or standards that you consider important or desirable.







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


Let me suggest you:

Browse all subjects

Browse all tests

Most popular tests



Major Subjects

Tests & Exams


AP
CLEP
DSST
GRE
SAT
GMAT

Browse all subjects

Browse all tests

Most popular tests