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






2. Depositor to a checking account






3. Job elements that increase job satisfaction






4. 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






5. A booklet used to record checking account transactions






6. The difference between assets and liabilities






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






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






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






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






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






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






13. Take away the legal force of or render ineffective






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






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






16. Money you save






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






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






19. An account owned by two or more people.






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






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






22. The spreading of risks across many types of investments






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






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






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






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






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






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






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






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






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






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






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






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






35. Occurs amoung co-workers of unequal rank






36. Someone who has insufficient assets to cover their debts






37. A legally enforceable agreement between two or more people






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






39. The tax paid on your taxable income






40. Costs that do not change from month to month






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






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






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






44. Interest computed only on amount borrowed without compounding






45. Definite - clearly stated






46. Money you save for things






47. 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






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






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






50. Costs that do change from month to month