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Test your basic knowledge |
Financial Literacy Basics
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Subjects
:
literacy
,
personal-finance
Instructions:
Answer 50 questions in 15 minutes.
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study here
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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. 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.
savings account
stock
well-know financial magazines
corporate bonds
2. Companies that provide extensive financial data to clients
full-service broker
capital gain
investing risk
investor services
3. Losses in an investment as a result of the business cycle
US Treasury Notes
risk averse
market risk
capital gain
4. Brokers who provided little or no information to clients
discount brokers
US Treasury Bills
savings account
risk averse
5. 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
diversification
mutual fund
Personal Identification Number - PIN
6. The value of What is given up when you choose one option over another.
opportunity cost
risk
credit union
dividend
7. Investment choices that will be held for long periods
credit history
permanent investment
US Treasury Notes
time value of money
8. Spreading risk among many types of investments; one way to minimize risk
career
rate of return
wants
diversification
9. An electronic machine that bank customers and credit union members can use to withdraw cash and make other financial transactions.
well-known financial newspapers
state income tax
full-service broker
ATM - Automatic Teller Machine
10. Bonds designed for investors wanting to protect again inflation losses
origination fee
pay yourself first - P.Y.F.
Series I Savings Bond
Investing
11. Smaller decisions that can result from a major decision.
US Treasury Bonds
satellite decisions
well-known financial newspapers
dividend
12. The use of long-term savings to earn a financial return
coverage limit
pay yourself first - P.Y.F.
Investing
put-and-take account
13. Expenses that aren't paid every month and can be either fixed or variable.
spending plan
periodic or occasional expenses
non-market risk
US Treasury Bills
14. Pooling of money from many investors to buy a large & diverse selection of securities
stock market
mutual funds
initial investing
time value of money
15. Summary of a corporation's financial condition
annual report
tax deferred
risk
short term goal
16. A chosen pursuit - profession - or occupation
periodic or occasional expenses
dividend
well-known discount brokers
career
17. Maximum amount of credit a lender will extend to a customer.
debit card
periodic or occasional expenses
inflation
credit limit
18. Pooling of money from many investors to buy a large & diverse selection of securities
interest-rate risk
market risk
annual fee
mutual funds
19. The probability that injury - damage - or loss will occur.
non-market risk
chapter 13
risk management
risk
20. Investors who are afraid to make investments
Temporary investment
risk averse
coverage limit
budget
21. Standard and Poor's and Moody's
well-known investor services
speculative investments
bank
risk taker
22. The portion of the profits paid to the shareholders of a company.
financial advisers
investing risk
political risk
dividend
23. Associated with owning stock of only one company
company risk
Series I Savings Bond
social security tax
political risk
24. An electronic machine that bank customers and credit union members can use to withdraw cash and make other financial transactions.
variable expenses
ATM - Automatic Teller Machine
chapter 7
well-known discount brokers
25. Associated with owning stock of only one company
phishing
company risk
penny stocks
market risk
26. Discount bonds; a bond purchased for less than the maturity value; example you buy a $50 bond for $25
grace period
chapter 7
Series EE Savings Bond
bankruptcy
27. A goal to be achieved within the next three months.
short term goal
Rule of 72
financial advisers
bank
28. 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.
full-service broker
social security tax
spyware
well-known financial newspapers
29. Regular and planned investments
wants
full-service broker
systematic investing
annual fee
30. An amount that credit card companies can charge for the use of a credit card.
initial investing
annual fee
state income tax
interest-rate risk
31. A for-profit company that is owned by its stockholders and provides savings and checking accounts and other financial services to its customers.
bank
full-service broker
cash flow
satellite decisions
32. Bonds designed for investors wanting to protect again inflation losses
investor services
stock
Series I Savings Bond
put-and-take account
33. Business Weekly & Forbes & Money
pay yourself first - P.Y.F.
principal
well-know financial magazines
US Treasury Bonds
34. Charles Schwab & TD Ameritrade & E*TRADE
collectibles
well-known discount brokers
annual report
variable expenses
35. Wall Street Journal and Barron's
social security tax
state income tax
mutual fund
well-known financial newspapers
36. A formal contract to repay borrowed money with interest at fixed intervals
futures
diversification
credit
bond
37. US treasury security that matures in 2 & 5 & or 10 years
US Treasury Notes
bankruptcy
capital loss
Rule of 72
38. An amount of money that is loaned on trust with the expectation that it will be repaid at a later date.
ATM - Automatic Teller Machine
share account
credit
risk taker
39. US treasury security that matures in 30 years
diversification
Securities and Exchange Commission
universal default
US Treasury Bonds
40. Associated with owning stock of similar groups of businesses
portfolio
cash flow
inflation
industry risk
41. A certificate documenting the shareholder's ownership in the corporation
interest
savings
stock
investing risk
42. 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.
chapter 7
credit
principal
mutual fund
43. 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.
universal default
penny stocks
full-service broker
well-known discount brokers
44. The date on which the borrowed money must be repaid
maturity date
pay yourself first - P.Y.F.
dollar cost average
Series I Savings Bond
45. A government sector that requires all public corporations to make annual reports available to their stockholders
risk management
Securities and Exchange Commission
savings account
credit history
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.
maturity date
yield
spyware
discount brokers
47. A spending plan for managing money during a given period of time.
bankruptcy
variable expenses
US Treasury Bonds
budget
48. The willingness to give up something you want now in return for something better in the future.
Personal Identification Number - PIN
delayed gratification
diversification
put-and-take account
49. The profit from an investment.
opportunity cost
grace period
cash flow
yield
50. A general and progressive increase in prices
Rule of 72
systematic investing
satellite decisions
inflation
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