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. The credit union term for a checking account.






2. US treasury security that matures from a few days to one year






3. Associated with owning stock of only one company






4. Expenses that are not fixed.






5. The unique passcode number you use to get access to your savings and/or checking account






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






7. The credit union term for a savings account.






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






9. US treasury security that matures in 30 years






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






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






12. The difference between a higher selling price and a lower purchase price - resulting in a financial gain for the seller






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






14. Business Weekly & Forbes & Money






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






16. Standard and Poor's and Moody's






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






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






19. A summary of a person's borrowing and repayment history.






20. 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.






21. Brokers who provide clients with analysis and opinions






22. Amount of money that is set aside for future purchases






23. Brokers who provided little or no information to clients






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






25. Debt obligations of state or local governments






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






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






28. Actions that the government might take that would reduce the value of an investment






29. The entire amount of money you owe to lenders






30. Investors who are afraid to make investments






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






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






33. A unit of ownership in a corporation






34. A form of bankruptcy that allows you to erase most of your debt.






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






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






37. 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.






38. Brokers who provided little or no information to clients






39. The place where stocks are bought and sold.






40. The credit union term for a savings account.






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






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






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






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






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






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






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






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






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






50. The amount a corporation borrowed in a bond situation