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. Someone who has insufficient assets to cover their debts






2. Take away the legal force of or render ineffective






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






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






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






6. 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






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






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






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






10. Costs that do change from month to month






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






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






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






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






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






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






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. Items of value that a person own






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






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






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






22. The difference between assets and liabilities






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






24. 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






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






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






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






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






29. Definite - clearly stated






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






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






32. Occurs amoung co-workers of equal rank






33. The tax paid on your taxable income






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






35. A legally enforceable agreement between two or more people






36. 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






37. The person who writes a check or draft instructing the drawee to pay someone else






38. Costs that do not change from month to month






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






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






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






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






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






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






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






46. Occurs amoung co-workers of unequal rank






47. Depositor to a checking account






48. Money you save for things






49. A booklet used to record checking account transactions






50. An account owned by two or more people.