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. Companies that provide extensive financial data to clients






2. The credit union term for a checking account.






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






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






5. The credit union term for a savings account.






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






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






8. Debt obligations of state or local governments






9. The chance that inflation will rise faster than the rate of return on an investment






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






11. The profit from an investment.






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






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






14. Summary of a corporation's financial condition






15. 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.






16. 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.






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






18. 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.






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






20. 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.






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






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






23. An amount of money that is loaned on trust with the expectation that it will be repaid at a later date.






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






25. The place where stocks are bought and sold.






26. A chosen pursuit - profession - or occupation






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






28. Collection of investments






29. Losses in an investment as a result of the business cycle






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






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






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






33. Regular and planned investments






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






35. The idea that money today is worth more than the same amount of money in the future due to its potential earning capacity.






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






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






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






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






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






41. Associated with owning stock of only one company






42. Merrill Lynch & Fidelity Investments & American Express






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






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






45. Investors who take to take chances






46. 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.






47. The amount of money someone is willing to loan you.






48. Property consisting of houses and land






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






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