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 total amount you earn before any deducations are subtractions






2. Money you save for things






3. Items of value that a person own






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






5. 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






6. Take away the legal force of or render ineffective






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






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






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






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






11. The difference between assets and liabilities






12. 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






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






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






15. Interest computed only on amount borrowed without compounding






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






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






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






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






20. One who is paid






21. Money or debts that you owe to others






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






23. Job elements that increase job satisfaction






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






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






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






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






28. The spreading of risks across many types of investments






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






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






31. Costs that do change from month to month






32. (1993) allows employees to take p to 12 weeks of unpaid leave in a 12 moth period for certain medical or family situations






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






34. Depositor to a checking account






35. Definite - clearly stated






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






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






38. 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






39. The tax paid on your taxable income






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






41. Someone who has insufficient assets to cover their debts






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






43. An account owned by two or more people.






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






45. A booklet used to record checking account transactions






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






47. A legally enforceable agreement between two or more people






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






49. Costs that do not change from month to month






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