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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. Someone who has insufficient assets to cover their debts
bank reconciliation
insolvent
checkbook register
long term goal
2. Take away the legal force of or render ineffective
salary
voidable
void
money market
3. The need to reach ones full potential - to grow - and to be creative
job application
unions
self-actualization
certificate of deposit
4. A check that bears the bank's stamp - indicating it has cleared
solvent
job interview
canceled check
saving
5. Those who are legally capable of entering into contracts.
parts of a business letter
job search
fixed expense
competent parties
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
aptitude
W-4
getting the job
short term goal
7. A summary of the income you earned during the year and all amounts the employer withheld for taxes
warranty
diversified investments
long term goal
W-2
8. (Cd) or a time deposit is a deposit that earns a fixed interest rate for a specific amount of time
certificate of deposit
asset
canceled check
liabilities
9. A type of savings account that offers a more competitive interest rate than a regular savings account
horizontal communications
canceled check
certificate of deposit
money market
10. Costs that do change from month to month
canceled check
mutual fund
stop payment
variable expense
11. The process of matching your checkbook register with the bank statement
fixed expense
motivation
listening-different skills
bank reconciliation
12. Getting an interview - applying - interviewing - and following up
getting the job
joint account
canceled check
W-4
13. The amount left after all deductions are taken out of your gross pay
drawer
liabilities
net pay
maker
14. A tax form used to uhh make deductions from uhhm ........ from your income in taxes
net pay
salary
insolvent
1040 from
15. A check written for more money than your account contains
overdraft
floating a check
investments
W-4
16. Provides federal aid for the elderly and for disabled workers
certificate of deposit
gross pay
social security
money market
17. (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
diversified investments
self-actualization
benefits
18. Items of value that a person own
asset
listening-different skills
benefits
warranty
19. A check containing certification that the person who issued the check has sufficient funds on deposit to cover payment
certified check
stop payment
mutual fund
maker
20. Get organized - make a plan - follow up - don't give up
bank reconciliation
job search
listening-different skills
joint account
21. The metal or paper medium of exchange that is presently used
currency
certificate of deposit
floating a check
bank reconciliation
22. The difference between assets and liabilities
money market
net worth
liabilities
simple interest
23. The amount of monthly or annual pay you will earn for your labour
salary
contracts
W-4
co-signer
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
loan
job interview
voidable
listening-different skills
25. A group of people who work in the same or similar occupation organized for the benefit of all employees in these ocupations
getting the job
unions
vertical communications
solvent
26. The us of long term savings to earn a financial return
competent parties
voidable
investments
certified check
27. Intentionally writing a check on an account without sufficient funds in the hope of making a deposit before the check is cashed.
gross pay
horizontal communications
family leave act
floating a check
28. A natural - physical - or mental ability that allows you to do certain tasks well
canceled check
checking account
parts of a business letter
aptitude
29. Definite - clearly stated
variable expense
horizontal communications
explicit
net pay
30. A depositor's order to a bank to refuse payment on a check
productivity
competent parties
stop payment
solvent
31. A goal you expect to reach in a few days or weeks; a B on next weeks math test
short term goal
investments
social security
stop payment
32. Occurs amoung co-workers of equal rank
insolvent
horizontal communications
net pay
mutual fund
33. The tax paid on your taxable income
income tax
payee
net pay
horizontal communications
34. Allows you to write checks to make payments; also called a demand deposit
W-2
unions
checking account
job interview
35. A legally enforceable agreement between two or more people
self-actualization
productivity
solvent
contracts
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
job search
job application
solvent
certificate of deposit
37. The person who writes a check or draft instructing the drawee to pay someone else
simple interest
drawer
net pay
horizontal communications
38. Costs that do not change from month to month
variable expense
drawer
promissory note
fixed expense
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
benefits
drawer
void
checkbook register
40. Professionally managed group in investments bought using a pool of money from many investors; used to buy stocks. bonds - and other securities
horizontal communications
variable expense
liabilities
mutual fund
41. A promise to pay a specified amount on demand or at a certain time
job application
co-signer
promissory note
net worth
42. One who agrees to pay if the borrower fails to pay
commercial bank
co-signer
net worth
unions
43. Goals you wish to accomplish in five to ten years or longer; college degree - marriage
co-signer
voidable
payee
long term goal
44. A statement that solves a problem or explains how to solve the problem
family leave act
solvent
bank reconciliation
productivity
45. Able to be set aside or to be revalidated at a later date
competent parties
investments
payee
voidable
46. Occurs amoung co-workers of unequal rank
job search
co-signer
gross pay
vertical communications
47. Depositor to a checking account
parts of a business letter
promissory note
maker
fixed expense
48. Money you save for things
promissory note
savings
payee
productivity
49. A booklet used to record checking account transactions
checkbook register
savings
explicit
getting the job
50. An account owned by two or more people.
savings
contracts
joint account
stop payment