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 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






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






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






4. Items of value that a person own






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






6. Money you save






7. Costs that do not change from month to month






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






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






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






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






12. Costs that do change from month to month






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






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






15. A booklet used to record checking account transactions






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






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






18. One who is paid






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






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






21. Occurs amoung co-workers of equal rank






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






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






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






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






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






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






28. Interest computed only on amount borrowed without compounding






29. The tax paid on your taxable income






30. 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






31. The spreading of risks across many types of investments






32. Money you save for things






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






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






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






36. The difference between assets and liabilities






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






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






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






40. Money or debts that you owe to others






41. 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






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






43. Depositor to a checking account






44. Job elements that increase job satisfaction






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






46. Definite - clearly stated






47. Someone who has insufficient assets to cover their debts






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






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






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