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






2. A legally enforceable agreement between two or more people






3. (1993) allows employees to take p to 12 weeks of unpaid leave in a 12 moth period for certain medical or family situations






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






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






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






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






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






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






10. Money you save for things






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






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






13. 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






14. Occurs amoung co-workers of unequal rank






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






16. An account owned by two or more people.






17. Interest computed only on amount borrowed without compounding






18. Job elements that increase job satisfaction






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






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






21. Depositor to a checking account






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






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






24. One who is paid






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






26. 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






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






28. Take away the legal force of or render ineffective






29. The tax paid on your taxable income






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






31. Costs that do not change from month to month






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






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






34. Definite - clearly stated






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






36. Money or debts that you owe to others






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






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






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






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






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






42. Items of value that a person own






43. Costs that do change from month to month






44. Someone who has insufficient assets to cover their debts






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






46. Occurs amoung co-workers of equal rank






47. A booklet used to record checking account transactions






48. 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






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






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