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






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






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






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






6. A legally enforceable agreement between two or more people






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






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






9. Money or debts that you owe to others






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






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






12. The difference between assets and liabilities






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






14. Money you save for things






15. Definite - clearly stated






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






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






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






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






20. A booklet used to record checking account transactions






21. Take away the legal force of or render ineffective






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






23. One who is paid






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






25. Money you save






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






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






28. Items of value that a person own






29. Occurs amoung co-workers of unequal rank






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






31. (1993) allows employees to take p to 12 weeks of unpaid leave in a 12 moth period for certain medical or family situations






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






33. 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






34. The tax paid on your taxable income






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






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






37. An account owned by two or more people.






38. Costs that do change from month to month






39. Job elements that increase job satisfaction






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






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






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






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






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






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






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






47. The spreading of risks across many types of investments






48. 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






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






50. Interest computed only on amount borrowed without compounding