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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. The amount a corporation pays at a fixed amount when repaying a bond






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






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






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






5. A bank account against which the depositor can draw checks payable on demand.






6. 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.






7. The willingness to give up something you want now in return for something better in the future.






8. Bold and high-risk investments






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






10. Summary of a corporation's financial condition






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






12. 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.






13. Investors who take to take chances






14. Merrill Lynch & Fidelity Investments & American Express






15. Business Weekly & Forbes & Money






16. 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.






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






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






19. An electronic machine that bank customers and credit union members can use to withdraw cash and make other financial transactions.






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






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






22. Brokers who provide clients with analysis and opinions






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






24. A summary of a person's borrowing and repayment history.






25. 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.






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






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






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






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






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






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






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






33. Management of investment alternatives to maximize the growth of your portfolio






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






35. Another term for budget






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






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






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






39. A general and progressive increase in prices






40. The willingness to give up something you want now in return for something better in the future.






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






42. Discount bonds; a bond purchased for less than the maturity value; example you buy a $50 bond for $25






43. Associated with owning stock of only one company






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






45. Companies that provide extensive financial data to clients






46. 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.'






47. Associated with owning stock of similar groups of businesses






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






49. The total amount of what it costs you to use credit in a given year. It is expressed as a percentage of the amount borrowed.






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






Can you answer 50 questions in 15 minutes?



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