Test your basic knowledge |

DSST Personal Finance

Subjects : dsst, personal-finance, bvat
  • 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. Someone who has insufficient assets to cover their debts

2. Take away the legal force of or render ineffective

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

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

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

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

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

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

10. Costs that do change from month to month

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

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

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

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

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

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

17. (1993) allows employees to take p to 12 weeks of unpaid leave in a 12 moth period for certain medical or family situations

18. Items of value that a person own

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

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

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

22. The difference between assets and liabilities

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

24. 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

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 us of long term savings to earn a financial return

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

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

29. Definite - clearly stated

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

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

32. Occurs amoung co-workers of equal rank

33. The tax paid on your taxable income

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

35. A legally enforceable agreement between two or more people

36. 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

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

38. Costs that do not change from month to month

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

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

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

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

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

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

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

46. Occurs amoung co-workers of unequal rank

47. Depositor to a checking account

48. Money you save for things

49. A booklet used to record checking account transactions

50. An account owned by two or more people.