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






2. One who is paid






3. A group of people who work in the same or similar occupation organized for the benefit of all employees in these ocupations






4. The spreading of risks across many types of investments






5. 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






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






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






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






9. An account owned by two or more people.






10. 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






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






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






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






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






15. The tax paid on your taxable income






16. Provides federal aid for the elderly and for disabled workers






17. Costs that do change from month to month






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






19. Intentionally writing a check on an account without sufficient funds in the hope of making a deposit before the check is cashed.






20. Someone who has insufficient assets to cover their debts






21. A legally enforceable agreement between two or more people






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






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






24. Depositor to a checking account






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






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






27. Get organized - make a plan - follow up - don't give up






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






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






30. A check written for more money than your account contains






31. Interest computed only on amount borrowed without compounding






32. Costs that do not change from month to month






33. 1. forms of employee compensation in addition to pay 2. the amount recieved by the beneficiary from a life insurance policy also called proceeds






34. Occurs amoung co-workers of unequal rank






35. Return address - letter address - body of the letter: attention - interest - desire - action






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






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






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






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






40. A promise to pay a specified amount on demand or at a certain time






41. Money you save






42. Items of value that a person own






43. (1993) allows employees to take p to 12 weeks of unpaid leave in a 12 moth period for certain medical or family situations






44. The difference between assets and liabilities






45. Definite - clearly stated






46. Occurs amoung co-workers of equal rank






47. A form that asks questions of people that apply for a job; write neatly - black or blue pen;stay within space provided - fill in all blanks; be truthful; don't abbreviate; proofread






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






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






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