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






2. (1993) allows employees to take p to 12 weeks of unpaid leave in a 12 moth period for certain medical or family situations






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






4. A booklet used to record checking account transactions






5. Interest computed only on amount borrowed without compounding






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. Those who are legally capable of entering into contracts.






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






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






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






11. An account owned by two or more people.






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






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






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






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






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






17. Money you save for things






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






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






20. Depositor to a checking account






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






22. Definite - clearly stated






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






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






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






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






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






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






29. Take away the legal force of or render ineffective






30. Money you save






31. 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






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






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






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






35. Money or debts that you owe to others






36. Costs that do not change from month to month






37. Job elements that increase job satisfaction






38. Someone who has insufficient assets to cover their debts






39. 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






40. The tax paid on your taxable income






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






42. Costs that do change from month to month






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






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






45. Occurs amoung co-workers of unequal rank






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






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






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






49. Items of value that a person own






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