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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. Associated with owning stock of only one company






2. Merrill Lynch & Fidelity Investments & American Express






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






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






5. The place where stocks are bought and sold.






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






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






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






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






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






11. Associated with owning stock of similar groups of businesses






12. The credit union term for a savings account.






13. Summary of a corporation's financial condition






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






15. 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.






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






17. 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.'






18. A financial institution owned by its members that provides savings and checking accounts and other services to its membership at low fees.






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






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






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






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






23. The portion of the profits paid to the shareholders of a company.






24. Newspapers list of securities






25. The use of long-term savings to earn a financial return






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






27. Movement of money you receive and the money you spend






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






29. Companies that provide extensive financial data to clients






30. Property consisting of houses and land






31. Standard and Poor's and Moody's






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






33. Collection of investments






34. 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.






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






36. Collection of investments






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






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






39. 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.






40. The entire amount of money you owe to lenders






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






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






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






44. Summary of a corporation's financial condition






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






46. 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.






47. Business Weekly & Forbes & Money






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






49. A chosen pursuit - profession - or occupation






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







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


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