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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. 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.






2. Companies that provide extensive financial data to clients






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






4. Brokers who provided little or no information to clients






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






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






7. Investment choices that will be held for long periods






8. Spreading risk among many types of investments; one way to minimize risk






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






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






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






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






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






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






15. Summary of a corporation's financial condition






16. A chosen pursuit - profession - or occupation






17. Maximum amount of credit a lender will extend to a customer.






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






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






20. Investors who are afraid to make investments






21. Standard and Poor's and Moody's






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






23. Associated with owning stock of only one company






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






25. Associated with owning stock of only one company






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






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






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.






29. Regular and planned investments






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






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






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






33. Business Weekly & Forbes & Money






34. Charles Schwab & TD Ameritrade & E*TRADE






35. Wall Street Journal and Barron's






36. A formal contract to repay borrowed money with interest at fixed intervals






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






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






39. US treasury security that matures in 30 years






40. Associated with owning stock of similar groups of businesses






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






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.






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.






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






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






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






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






49. The profit from an investment.






50. A general and progressive increase in prices







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Can you answer 50 questions in 15 minutes?


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