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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. The profit from an investment.
stock market
industry risk
credit report
yield
2. The unique passcode number you use to get access to your savings and/or checking account
company risk
Personal Identification Number - PIN
risk averse
Series EE Savings Bond
3. People trained to give investment advise based on your goals & age & lifestyle & etc
financial advisers
Rule of 72
share account
market risk
4. Pooling of money from many investors to buy a large & diverse selection of securities
diversification
mutual funds
well-know full-service brokers
chapter 13
5. A spending plan for managing money during a given period of time.
tax deferred
ATM - Automatic Teller Machine
budget
satellite decisions
6. The entire amount of money you owe to lenders
debt
put-and-take account
deductible
initial investing
7. Brokers who provide clients with analysis and opinions
full-service broker
universal default
systematic investing
annual fee
8. A form of bankruptcy that allows you to repay many of your debts over a period of time - usually no more than five years.
portfolio
chapter 13
well-known discount brokers
US Treasury Bills
9. The willingness to give up something you want now in return for something better in the future.
credit
political risk
stock market
delayed gratification
10. People trained to give investment advise based on your goals & age & lifestyle & etc
financial advisers
credit report
Securities and Exchange Commission
dividend
11. Newspapers list of securities
spyware
US Treasury Notes
political risk
financial pages
12. A certificate documenting the shareholder's ownership in the corporation
well-known financial newspapers
stock
universal default
portfolio
13. The difference between a lower selling price and a higher purchase price resulting in a financial loss for the seller
capital loss
delayed gratification
Personal Identification Number - PIN
annuities
14. The chance that an investment's value will decrease
Investing
time value of money
risk taker
investing risk
15. US treasury security that matures from a few days to one year
time value of money
US Treasury Bills
political risk
share account
16. The increase or decrease in the original purchase price of an investment over a period of time.
Temporary investment
interest
rate of return
penny stocks
17. The increase or decrease in the original purchase price of an investment over a period of time.
rate of return
financial advisers
market risk
speculative investments
18. A certificate documenting the shareholder's ownership in the corporation
inflation
well-known financial newspapers
stock
company risk
19. 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.
interest
mutual fund
investor services
strategic investing
20. Charles Schwab & TD Ameritrade & E*TRADE
coverage limit
well-known discount brokers
universal default
credit
21. A form of bankruptcy that allows you to erase most of your debt.
credit limit
pay yourself first - P.Y.F.
chapter 7
dividend
22. A legal process to get out of debt when you can no longer make all your required payments.
political risk
bankruptcy
Rule of 72
investor services
23. A bank account against which the depositor can draw checks payable on demand.
credit score
checking account
risk
short term goal
24. Investing with a series of regular payments; usually associated with life insurance companies
annuities
collectibles
well-know full-service brokers
mutual fund
25. Regular and planned investments
over-the-limit fee
market risk
pay yourself first - P.Y.F.
systematic investing
26. The chance that an investment's value will decrease
bankruptcy
political risk
investing risk
portfolio
27. The amount a corporation borrowed in a bond situation
short term goal
capital loss
well-know financial magazines
principal
28. Business Weekly & Forbes & Money
universal default
chapter 13
US Treasury Bills
well-know financial magazines
29. Investors who are afraid to make investments
municipal bonds
US Treasury Bills
risk averse
ATM - Automatic Teller Machine
30. Bold and high-risk investments
interest
collectibles
inflation
speculative investments
31. Brokers who provided little or no information to clients
pay yourself first - P.Y.F.
mutual fund
discount brokers
options
32. 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.
well-known financial newspapers
spyware
social security tax
inflation
33. A formal contract to repay borrowed money with interest at fixed intervals
bond
penny stocks
stocks
credit score
34. 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.
credit
deductible
futures
Rule of 72
35. Contacts to buy and sell commodities or stocks for a specific price on a specific date
options
rate of return
futures
grace period
36. Investment choices that will be re-evaluated within a year or less
Temporary investment
spending plan
well-known investor services
APR - Average Percentage Rate
37. The setting aside of money for future use or other investments
pay yourself first - P.Y.F.
stock market
mutual fund
mutual funds
38. 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.
portfolio
systematic investing
credit limit
mutual fund
39. 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.'
debit card
initial investing
well-known financial newspapers
rate of return
40. On a credit card - the length of time you have before you start accumulating interest on an unpaid balance.
grace period
capital loss
mutual funds
credit union
41. An amount of money that is loaned on trust with the expectation that it will be repaid at a later date.
career
portfolio
credit
company risk
42. US treasury security that matures from a few days to one year
market risk
portfolio
deductible
US Treasury Bills
43. The amount of money someone is willing to loan you.
principal
bankruptcy
credit report
company risk
44. Fee on credit card for making charges above your credit limit.
opportunity cost
over-the-limit fee
annual fee
initial investing
45. An amount that credit card companies can charge for the use of a credit card.
debit card
systematic investing
annual fee
well-know full-service brokers
46. A general and progressive increase in prices
career
inflation
wants
capital loss
47. Is a numerical rating - based on credit report information that represents a person's level of creditworthiness
credit score
principal
over-the-limit fee
savings
48. The place where stocks are bought and sold.
stock market
career
maturity date
discount brokers
49. Management of investment alternatives to maximize the growth of your portfolio
interest
investing risk
pay yourself first - P.Y.F.
strategic investing
50. Charles Schwab & TD Ameritrade & E*TRADE
Personal Identification Number - PIN
credit report
market risk
well-known discount brokers