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Test your basic knowledge |
DSST Personal Finance
Start Test
Study First
Subjects
:
dsst
,
personal-finance
,
bvat
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. Getting an interview - applying - interviewing - and following up
explicit
aptitude
canceled check
getting the job
2. The amount left after all deductions are taken out of your gross pay
short term goal
1040 from
net pay
job application
3. A goal you expect to reach in a few days or weeks; a B on next weeks math test
short term goal
contracts
job interview
getting the job
4. A legally enforceable agreement between two or more people
parts of a business letter
contracts
job search
job application
5. Professionally managed group in investments bought using a pool of money from many investors; used to buy stocks. bonds - and other securities
liabilities
mutual fund
job application
floating a check
6. 'full service banks' provide the widest variety banking services. insured by FDIC
checkbook register
canceled check
drawer
commercial bank
7. A type of savings account that offers a more competitive interest rate than a regular savings account
joint account
solvent
getting the job
money market
8. Asks for your name address social security number marital status and number of exepemptions you are claiming for income tax purposes; this determines amount your employer will withhold from your paycheck for income taxes
W-4
family leave act
gross pay
simple interest
9. Intentionally writing a check on an account without sufficient funds in the hope of making a deposit before the check is cashed.
certified check
floating a check
salary
solvent
10. Those who are legally capable of entering into contracts.
fixed expense
overdraft
competent parties
loan
11. An account owned by two or more people.
joint account
simple interest
variable expense
investments
12. A face to face meeting with a potential employeer to discuss the job opening
checkbook register
job interview
drawer
fixed expense
13. Sympathetic- 'empatheic listening' ability to see another person's point of view and sense what person is feeling; critical- ability to differentiate facts from opinion - and creative-listening with an open mind to new ideas
certificate of deposit
listening-different skills
job application
canceled check
14. A written assurance that some product or service will be provided or will meet certain specifications
job interview
unions
competent parties
warranty
15. A natural - physical - or mental ability that allows you to do certain tasks well
currency
family leave act
aptitude
checkbook register
16. A booklet used to record checking account transactions
gross pay
net pay
currency
checkbook register
17. One who agrees to pay if the borrower fails to pay
checking account
co-signer
salary
stop payment
18. Money that someone lends that you pay interest on when you pay it back
salary
loan
income tax
net worth
19. Items of value that a person own
income tax
competent parties
checkbook register
asset
20. A check that bears the bank's stamp - indicating it has cleared
canceled check
parts of a business letter
currency
joint account
21. Definite - clearly stated
mutual fund
competent parties
explicit
commercial bank
22. Money you save
short term goal
voidable
saving
payee
23. Get organized - make a plan - follow up - don't give up
checkbook register
social security
money market
job search
24. Costs that do change from month to month
certificate of deposit
variable expense
canceled check
vertical communications
25. Provides federal aid for the elderly and for disabled workers
job interview
social security
commercial bank
certificate of deposit
26. Costs that do not change from month to month
certified check
listening-different skills
fixed expense
motivation
27. (Cd) or a time deposit is a deposit that earns a fixed interest rate for a specific amount of time
aptitude
horizontal communications
certificate of deposit
W-4
28. Occurs amoung co-workers of unequal rank
gross pay
co-signer
productivity
vertical communications
29. Someone who has insufficient assets to cover their debts
motivation
insolvent
family leave act
floating a check
30. Goals you wish to accomplish in five to ten years or longer; college degree - marriage
fixed expense
long term goal
floating a check
voidable
31. Money or debts that you owe to others
liabilities
W-4
bank reconciliation
job search
32. Goals you wish to accomplish in the next few months or years; graduation from highschool - or plans for summer employment
voidable
competent parties
short term goal
intermediate goal
33. The total amount you earn before any deducations are subtractions
investments
money market
loan
gross pay
34. The difference between assets and liabilities
savings
net worth
overdraft
asset
35. A tax form used to uhh make deductions from uhhm ........ from your income in taxes
co-signer
investments
1040 from
W-2
36. Occurs amoung co-workers of equal rank
net pay
net worth
horizontal communications
variable expense
37. Interest computed only on amount borrowed without compounding
family leave act
unions
simple interest
diversified investments
38. Depositor to a checking account
savings
benefits
asset
maker
39. Job elements that increase job satisfaction
diversified investments
warranty
W-4
motivation
40. (1993) allows employees to take p to 12 weeks of unpaid leave in a 12 moth period for certain medical or family situations
family leave act
listening-different skills
drawer
job application
41. 1. forms of employee compensation in addition to pay 2. the amount recieved by the beneficiary from a life insurance policy also called proceeds
benefits
money market
listening-different skills
void
42. The relationship between the costs of paying for workiers and the output that is recieved from their work
intermediate goal
productivity
payee
W-4
43. A check containing certification that the person who issued the check has sufficient funds on deposit to cover payment
variable expense
motivation
solvent
certified check
44. Allows you to write checks to make payments; also called a demand deposit
checking account
social security
joint account
competent parties
45. The metal or paper medium of exchange that is presently used
joint account
aptitude
currency
voidable
46. A depositor's order to a bank to refuse payment on a check
liabilities
stop payment
net worth
joint account
47. The need to reach ones full potential - to grow - and to be creative
saving
explicit
self-actualization
simple interest
48. Money you save for things
simple interest
joint account
saving
savings
49. The person who writes a check or draft instructing the drawee to pay someone else
promissory note
gross pay
checkbook register
drawer
50. A promise to pay a specified amount on demand or at a certain time
certificate of deposit
long term goal
promissory note
intermediate goal