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DSST Business Math Vocab 2

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. Money earned on an investment or paid on a loan






2. Deciding if its worth the risk






3. A percentage discount for buyers associated with the products being sold






4. When two ratios are equal






5. Amounts of money you owe






6. The length of time until the debt is zero






7. Property other than real estate (often called a chattel mortgage)






8. The borrower






9. Paid in full






10. The length of the loan






11. More than one frequently occuring value in a group of data






12. electronic - portable (pocket) - computer - spreadsheets






13. The score that falls in the middle






14. The point where income and expenses intersect (no loss or profit)






15. Per day






16. The depreciation of an asset as an expense






17. Interest is paid 365 times a year






18. The majority of the early payments go toward paying the interest on the loan






19. you may get a large return or get nothing






20. The number you are multipliying by






21. of one hundred






22. Interest calculated on the principle






23. Time worked beyond the established working hours






24. Non-payment






25. Interest is paid once a year






26. The total of units multiplied by the price






27. Number calculated from population data






28. The lowest number in a group of data






29. The lender






30. Commission fee - inflation rate - capital gains tax






31. The most frequently occuring value in a group of data






32. The person paying to borrow property for a certain amount of time for payments






33. An item of data the stays the same






34. A bill






35. Interest is paid twelve times a year






36. Costs that fluctuate






37. The number to be divided by






38. A percentage discount to customers






39. Interest calculated on the principal plus any accumulated interest






40. The price after any down-payment or trade-in






41. Money given to someone on condition the person will return the money and interest by a specific date






42. The number you are dividing by






43. Algebraic - arithmetic






44. Per annum - yearly






45. The process of repossessing and selling the real or personal property when the borrower has defaulted






46. Things you own






47. Part ownership in a company






48. Security for a loan






49. The highest number in a group of data






50. A contract giving someone the right to use something for a certain length of time