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 equal rank






2. Money or debts that you owe to others






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






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






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






6. The difference between assets and liabilities






7. (1993) allows employees to take p to 12 weeks of unpaid leave in a 12 moth period for certain medical or family situations






8. Occurs amoung co-workers of unequal rank






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






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






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






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






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






14. A booklet used to record checking account transactions






15. Items of value that a person own






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






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






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






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






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






21. Depositor to a checking account






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






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






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






25. Definite - clearly stated






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






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






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






29. 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






30. Costs that do not change from month to month






31. Take away the legal force of or render ineffective






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. One who is paid






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






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






36. An account owned by two or more people.






37. Money you save






38. A legally enforceable agreement between two or more people






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






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






41. The spreading of risks across many types of investments






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






43. Someone who has insufficient assets to cover their debts






44. Interest computed only on amount borrowed without compounding






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






46. Costs that do change from month to month






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






48. The tax paid on your taxable income






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






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