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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. A term that describes investments on which earnings are not taxed until retirement






2. 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.






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






4. Debt obligations of corporations






5. Investors who take to take chances






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






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






8. 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.'






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






10. Brokers who provided little or no information to clients






11. Brokers who provide clients with analysis and opinions






12. A general and progressive increase in prices






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






14. Reducing investment risk by putting money in several different types of investments.






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






16. The maximum amount an insurance company will pay if you file a claim.






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






18. The credit union term for a savings account.






19. A fee charged to a borrower (especially for a mortgage loan) to cover the costs of initiating the loan.






20. Collection of investments






21. Investment choices that will be held for long periods






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






23. Summary of a corporation's financial condition






24. Property consisting of houses and land






25. The setting aside of money for future use or other investments






26. The amount a corporation borrowed in a bond situation






27. The process of dealing with the chance of a potential personal or financial loss.






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






29. Investment choices that will be re-evaluated within a year or less






30. Newspapers list of securities






31. Expenses that are not fixed.






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






33. The entire amount of money you owe to lenders






34. 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.






35. People trained to give investment advise based on your goals & age & lifestyle & etc






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






37. A chosen pursuit - profession - or occupation






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






39. Management of investment alternatives to maximize the growth of your portfolio






40. A detailed record of your personal credit and financial transactions.






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






42. Associated with owning stock of only one company






43. Bold and high-risk investments






44. Brokers who provided little or no information to clients






45. Companies that provide extensive financial data to clients






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






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






48. Property consisting of houses and land






49. A chosen pursuit - profession - or occupation






50. The entire amount of money you owe to lenders







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Can you answer 50 questions in 15 minutes?


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