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. Definite - clearly stated






2. 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






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






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






6. Take away the legal force of or render ineffective






7. An account owned by two or more people.






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






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






10. Money you save






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






12. One who is paid






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






14. Job elements that increase job satisfaction






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






16. Items of value that a person own






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






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






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






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






21. Money or debts that you owe to others






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






23. The difference between assets and liabilities






24. Occurs amoung co-workers of equal rank






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






26. The spreading of risks across many types of investments






27. Interest computed only on amount borrowed without compounding






28. Money you save for things






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






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






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






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






33. The tax paid on your taxable income






34. Someone who has insufficient assets to cover their debts






35. (1993) allows employees to take p to 12 weeks of unpaid leave in a 12 moth period for certain medical or family situations






36. 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






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






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






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






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






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






42. Costs that do change from month to month






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






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






45. Occurs amoung co-workers of unequal rank






46. Costs that do not change from month to month






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






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






49. 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






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