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. An account owned by two or more people.






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






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






4. Items of value that a person own






5. Occurs amoung co-workers of unequal rank






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






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






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






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






10. A legally enforceable agreement between two or more people






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






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






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






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






16. 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






17. The spreading of risks across many types of investments






18. Money you save






19. Take away the legal force of or render ineffective






20. The tax paid on your taxable income






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






22. Definite - clearly stated






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






24. Costs that do change from month to month






25. Money or debts that you owe to others






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






27. Job elements that increase job satisfaction






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






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






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






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






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






33. Money you save for things






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






35. Someone who has insufficient assets to cover their debts






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






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






38. The difference between assets and liabilities






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






40. Interest computed only on amount borrowed without compounding






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






42. 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






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






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






45. Costs that do not change from month to month






46. A booklet used to record checking account transactions






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






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






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






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