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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. A certificate documenting the shareholder's ownership in the corporation
variable expenses
investing risk
stock
Investing
2. The probability that injury - damage - or loss will occur.
put-and-take account
diversification
risk
values
3. Smaller decisions that can result from a major decision.
satellite decisions
credit history
credit report
US Treasury Notes
4. The chance that an investment's value will decrease
coverage limit
mutual funds
investing risk
periodic or occasional expenses
5. Movement of money you receive and the money you spend
strategic investing
credit history
cash flow
stock
6. Contacts to buy and sell commodities or stocks for a specific price on a specific date
futures
US Treasury Bills
strategic investing
deductible
7. Coins & art & memorabilia or other items that are popular from time to time
Securities and Exchange Commission
collectibles
portfolio
maturity date
8. A certificate documenting the shareholder's ownership in the corporation
credit history
APR - Average Percentage Rate
stock
wants
9. An amount of money that is loaned on trust with the expectation that it will be repaid at a later date.
full-service broker
credit
budget
well-known discount brokers
10. Things that add comfort and pleasure to your life but you can live without if you need to.
stocks
wants
compounding interest rate
investor services
11. US treasury security that matures in 2 & 5 & or 10 years
Personal Identification Number - PIN
credit history
permanent investment
US Treasury Notes
12. Money used for short-term needs like emergencies; advisers recommend three to six months' net pay for set aside for this
corporate bonds
put-and-take account
credit score
non-market risk
13. Brokers who provide clients with analysis and opinions
deductible
risk taker
full-service broker
stock market
14. A fee charged to a borrower (especially for a mortgage loan) to cover the costs of initiating the loan.
interest
pay yourself first - P.Y.F.
origination fee
mutual funds
15. Is a numerical rating - based on credit report information that represents a person's level of creditworthiness
credit score
futures
coverage limit
chapter 7
16. The portion of the profits paid to the shareholders of a company.
Temporary investment
strategic investing
full-service broker
dividend
17. Business Weekly & Forbes & Money
risk management
tax deferred
well-know financial magazines
short term goal
18. Debt obligations of corporations
inflation
political risk
corporate bonds
credit limit
19. 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.
risk
municipal bonds
bond
spyware
20. A form of bankruptcy that allows you to repay many of your debts over a period of time - usually no more than five years.
financial pages
cash flow
chapter 13
US Treasury Bills
21. Investment choices that will be re-evaluated within a year or less
dividend
Investing
Temporary investment
well-know full-service brokers
22. Property consisting of houses and land
real estate
discount brokers
diversification
rate of return
23. The practice of investing a fixed amount into the same investment at regular intervals - regardless of what the stock market is doing.
dollar cost average
universal default
risk taker
principal
24. Amount of money that is set aside for future purchases
maturity date
savings
permanent investment
APR - Average Percentage Rate
25. 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.
industry risk
APR - Average Percentage Rate
career
grace period
26. Regular and planned investments
real estate
Series EE Savings Bond
ATM - Automatic Teller Machine
systematic investing
27. Bonds designed for investors wanting to protect again inflation losses
debit card
over-the-limit fee
Series I Savings Bond
phishing
28. 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.
APR - Average Percentage Rate
cash flow
mutual funds
pay yourself first - P.Y.F.
29. People trained to give investment advise based on your goals & age & lifestyle & etc
ATM - Automatic Teller Machine
initial investing
speculative investments
financial advisers
30. The idea that money today is worth more than the same amount of money in the future due to its potential earning capacity.
credit limit
time value of money
risk averse
pay yourself first - P.Y.F.
31. The amount of a loss you must pay out of your own pocket before the insurance company will step in and pay the rest.
annual report
deductible
penny stocks
investing risk
32. The amount a corporation pays at a fixed amount when repaying a bond
diversification
time value of money
interest
penny stocks
33. A government sector that requires all public corporations to make annual reports available to their stockholders
Securities and Exchange Commission
stock market
values
chapter 13
34. Collection of investments
interest
portfolio
social security tax
credit limit
35. A formal contract to repay borrowed money with interest at fixed intervals
strategic investing
phishing
bond
grace period
36. The entire amount of money you owe to lenders
debt
principal
Rule of 72
wants
37. Debt obligations of state or local governments
municipal bonds
share draft account
market risk
bank
38. A technique used for estimating the number of years required to double your money at a given rate
full-service broker
time value of money
Rule of 72
stocks
39. Maximum amount of credit a lender will extend to a customer.
interest
credit limit
compounding interest rate
Securities and Exchange Commission
40. Uncontrollable and unpredictable events that cause an investment to lose value
non-market risk
principal
budget
share draft account
41. Brokers who provided little or no information to clients
options
discount brokers
debit card
capital gain
42. Expenses that are not fixed.
debt
penny stocks
capital gain
variable expenses
43. Regular and planned investments
credit union
mutual funds
spyware
systematic investing
44. Bonds designed for investors wanting to protect again inflation losses
variable expenses
Series I Savings Bond
short term goal
capital loss
45. A formal contract to repay borrowed money with interest at fixed intervals
bond
time value of money
satellite decisions
savings
46. Another term for budget
Temporary investment
municipal bonds
spending plan
rate of return
47. People trained to give investment advise based on your goals & age & lifestyle & etc
variable expenses
financial advisers
opportunity cost
penny stocks
48. The willingness to give up something you want now in return for something better in the future.
delayed gratification
industry risk
well-know full-service brokers
satellite decisions
49. Standard and Poor's and Moody's
corporate bonds
annual report
well-known discount brokers
well-known investor services
50. Actions that the government might take that would reduce the value of an investment
Investing
political risk
mutual funds
put-and-take account