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






2. Items of value that a person own






3. Occurs amoung co-workers of equal rank






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






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






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






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






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






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






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






11. Someone who has insufficient assets to cover their debts






12. Costs that do not change from month to month






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






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






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






16. Take away the legal force of or render ineffective






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






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






19. A booklet used to record checking account transactions






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






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






22. A tax form used to uhh make deductions from uhhm ........ from your income in taxes






23. The tax paid on your taxable income






24. The spreading of risks across many types of investments






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






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






27. Definite - clearly stated






28. One who is paid






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






30. An account owned by two or more people.






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






32. 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






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






34. Money you save for things






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






36. Depositor to a checking account






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






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






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






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






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






42. Interest computed only on amount borrowed without compounding






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






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






45. A legally enforceable agreement between two or more people






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






47. (1993) allows employees to take p to 12 weeks of unpaid leave in a 12 moth period for certain medical or family situations






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






49. The difference between assets and liabilities






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