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. Money or debts that you owe to others






2. The spreading of risks across many types of investments






3. Job elements that increase job satisfaction






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






5. Costs that do not change from month to month






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






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






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






10. Interest computed only on amount borrowed without compounding






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






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






13. A booklet used to record checking account transactions






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






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






16. Costs that do change from month to month






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






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






19. Someone who has insufficient assets to cover their debts






20. The tax paid on your taxable income






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






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






23. Occurs amoung co-workers of equal rank






24. The difference between assets and liabilities






25. An account owned by two or more people.






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






27. 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






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






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






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






31. Occurs amoung co-workers of unequal rank






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






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






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






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






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






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






38. One who is paid






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






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






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






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






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






44. 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






45. A legally enforceable agreement between two or more people






46. Items of value that a person own






47. Depositor to a checking account






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






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






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