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Test your basic knowledge |
DSST Personal Finance
Start Test
Study First
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. Costs that do change from month to month
variable expense
certificate of deposit
stop payment
net pay
2. A depositor's order to a bank to refuse payment on a check
voidable
simple interest
stop payment
void
3. Goals you wish to accomplish in five to ten years or longer; college degree - marriage
long term goal
liabilities
floating a check
maker
4. Depositor to a checking account
asset
maker
floating a check
gross pay
5. Definite - clearly stated
explicit
money market
checking account
contracts
6. A statement that solves a problem or explains how to solve the problem
solvent
saving
liabilities
fixed expense
7. Occurs amoung co-workers of equal rank
promissory note
warranty
contracts
horizontal communications
8. A face to face meeting with a potential employeer to discuss the job opening
horizontal communications
W-2
liabilities
job interview
9. An account owned by two or more people.
unions
checking account
promissory note
joint account
10. Money or debts that you owe to others
liabilities
certificate of deposit
asset
promissory note
11. 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
floating a check
job search
overdraft
listening-different skills
12. A natural - physical - or mental ability that allows you to do certain tasks well
motivation
aptitude
promissory note
gross pay
13. A check containing certification that the person who issued the check has sufficient funds on deposit to cover payment
money market
certified check
net pay
checkbook register
14. The tax paid on your taxable income
W-4
motivation
solvent
income tax
15. A group of people who work in the same or similar occupation organized for the benefit of all employees in these ocupations
fixed expense
unions
stop payment
W-2
16. Take away the legal force of or render ineffective
void
floating a check
explicit
job interview
17. The amount left after all deductions are taken out of your gross pay
net pay
commercial bank
stop payment
checkbook register
18. Goals you wish to accomplish in the next few months or years; graduation from highschool - or plans for summer employment
voidable
listening-different skills
social security
intermediate goal
19. A booklet used to record checking account transactions
parts of a business letter
checkbook register
benefits
floating a check
20. Return address - letter address - body of the letter: attention - interest - desire - action
diversified investments
asset
W-2
parts of a business letter
21. Intentionally writing a check on an account without sufficient funds in the hope of making a deposit before the check is cashed.
aptitude
floating a check
W-4
listening-different skills
22. Interest computed only on amount borrowed without compounding
productivity
canceled check
solvent
simple interest
23. Allows you to write checks to make payments; also called a demand deposit
checking account
net worth
canceled check
saving
24. Someone who has insufficient assets to cover their debts
intermediate goal
self-actualization
simple interest
insolvent
25. Able to be set aside or to be revalidated at a later date
loan
payee
voidable
family leave act
26. 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
asset
maker
W-4
intermediate goal
27. One who agrees to pay if the borrower fails to pay
co-signer
explicit
contracts
salary
28. The metal or paper medium of exchange that is presently used
variable expense
currency
certified check
diversified investments
29. The difference between assets and liabilities
canceled check
net worth
savings
explicit
30. Getting an interview - applying - interviewing - and following up
checking account
getting the job
investments
W-2
31. One who is paid
payee
overdraft
saving
checking account
32. 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
simple interest
payee
contracts
job application
33. The person who writes a check or draft instructing the drawee to pay someone else
drawer
loan
overdraft
competent parties
34. The relationship between the costs of paying for workiers and the output that is recieved from their work
productivity
getting the job
co-signer
savings
35. Occurs amoung co-workers of unequal rank
vertical communications
listening-different skills
voidable
commercial bank
36. The amount of monthly or annual pay you will earn for your labour
salary
job search
promissory note
warranty
37. The us of long term savings to earn a financial return
solvent
asset
investments
competent parties
38. (Cd) or a time deposit is a deposit that earns a fixed interest rate for a specific amount of time
simple interest
solvent
certificate of deposit
job application
39. A promise to pay a specified amount on demand or at a certain time
aptitude
self-actualization
void
promissory note
40. Items of value that a person own
saving
1040 from
parts of a business letter
asset
41. Those who are legally capable of entering into contracts.
investments
aptitude
competent parties
checking account
42. A goal you expect to reach in a few days or weeks; a B on next weeks math test
W-4
parts of a business letter
short term goal
certificate of deposit
43. A check that bears the bank's stamp - indicating it has cleared
void
W-4
canceled check
aptitude
44. Money you save
warranty
loan
payee
saving
45. A written assurance that some product or service will be provided or will meet certain specifications
payee
net worth
1040 from
warranty
46. (1993) allows employees to take p to 12 weeks of unpaid leave in a 12 moth period for certain medical or family situations
intermediate goal
family leave act
vertical communications
savings
47. The total amount you earn before any deducations are subtractions
gross pay
net worth
listening-different skills
unions
48. A tax form used to uhh make deductions from uhhm ........ from your income in taxes
productivity
1040 from
promissory note
investments
49. Professionally managed group in investments bought using a pool of money from many investors; used to buy stocks. bonds - and other securities
loan
bank reconciliation
mutual fund
long term goal
50. The process of matching your checkbook register with the bank statement
void
family leave act
bank reconciliation
joint account