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. Occurs amoung co-workers of unequal rank






2. Take away the legal force of or render ineffective






3. An account owned by two or more people.






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






5. Interest computed only on amount borrowed without compounding






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






7. Money you save for things






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






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






10. Costs that do not change from month to month






11. A legally enforceable agreement between two or more people






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






13. Money that someone lends that you pay interest on when you pay it back






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






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






16. 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






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






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






19. Someone who has insufficient assets to cover their debts






20. 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






21. Items of value that a person own






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






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






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






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






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






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






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






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






30. Definite - clearly stated






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






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






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






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






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






36. The spreading of risks across many types of investments






37. Money or debts that you owe to others






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






41. One who is paid






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






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






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






45. The difference between assets and liabilities






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






47. Job elements that increase job satisfaction






48. The tax paid on your taxable income






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






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