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






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






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






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






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






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






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






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






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






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






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






12. Money used for short-term needs like emergencies; advisers recommend three to six months' net pay for set aside for this






13. Brokers who provide clients with analysis and opinions






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






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






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






17. Business Weekly & Forbes & Money






18. Debt obligations of corporations






19. 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.






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






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






22. Property consisting of houses and land






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






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






25. 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.






26. Regular and planned investments






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






28. 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.






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






30. The idea that money today is worth more than the same amount of money in the future due to its potential earning capacity.






31. The amount of a loss you must pay out of your own pocket before the insurance company will step in and pay the rest.






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






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






34. Collection of investments






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






36. The entire amount of money you owe to lenders






37. Debt obligations of state or local governments






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






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






40. Uncontrollable and unpredictable events that cause an investment to lose value






41. Brokers who provided little or no information to clients






42. Expenses that are not fixed.






43. Regular and planned investments






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






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






46. Another term for budget






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






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






49. Standard and Poor's and Moody's






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