Test your basic knowledge |

DSST Personal Finance

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. (Cd) or a time deposit is a deposit that earns a fixed interest rate for a specific amount of time






2. Interest computed only on amount borrowed without compounding






3. A check that bears the bank's stamp - indicating it has cleared






4. The us of long term savings to earn a financial return






5. Job elements that increase job satisfaction






6. A written assurance that some product or service will be provided or will meet certain specifications






7. 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






8. A booklet used to record checking account transactions






9. The process of matching your checkbook register with the bank statement






10. Money that someone lends that you pay interest on when you pay it back






11. Goals you wish to accomplish in the next few months or years; graduation from highschool - or plans for summer employment






12. A goal you expect to reach in a few days or weeks; a B on next weeks math test






13. An account owned by two or more people.






14. Money you save






15. A check containing certification that the person who issued the check has sufficient funds on deposit to cover payment






16. A summary of the income you earned during the year and all amounts the employer withheld for taxes






17. (1993) allows employees to take p to 12 weeks of unpaid leave in a 12 moth period for certain medical or family situations






18. Allows you to write checks to make payments; also called a demand deposit






19. Definite - clearly stated






20. The total amount you earn before any deducations are subtractions






21. The relationship between the costs of paying for workiers and the output that is recieved from their work






22. One who agrees to pay if the borrower fails to pay






23. A depositor's order to a bank to refuse payment on a check






24. Goals you wish to accomplish in five to ten years or longer; college degree - marriage






25. Costs that do not change from month to month






26. Costs that do change from month to month






27. Items of value that a person own






28. The amount left after all deductions are taken out of your gross pay






29. Depositor to a checking account






30. 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






31. Money you save for things






32. The spreading of risks across many types of investments






33. Occurs amoung co-workers of equal rank






34. Those who are legally capable of entering into contracts.






35. A statement that solves a problem or explains how to solve the problem






36. A face to face meeting with a potential employeer to discuss the job opening






37. Take away the legal force of or render ineffective






38. A type of savings account that offers a more competitive interest rate than a regular savings account






39. The difference between assets and liabilities






40. The need to reach ones full potential - to grow - and to be creative






41. A legally enforceable agreement between two or more people






42. The amount of monthly or annual pay you will earn for your labour






43. A natural - physical - or mental ability that allows you to do certain tasks well






44. Professionally managed group in investments bought using a pool of money from many investors; used to buy stocks. bonds - and other securities






45. The tax paid on your taxable income






46. Getting an interview - applying - interviewing - and following up






47. Money or debts that you owe to others






48. The metal or paper medium of exchange that is presently used






49. 'full service banks' provide the widest variety banking services. insured by FDIC






50. Able to be set aside or to be revalidated at a later date