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. Money or debts that you owe to others






2. Interest computed only on amount borrowed without compounding






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






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






6. The spreading of risks across many types of investments






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






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






9. Depositor to a checking account






10. Money you save for things






11. Occurs amoung co-workers of equal rank






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






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






14. Definite - clearly stated






15. One who is paid






16. (1993) allows employees to take p to 12 weeks of unpaid leave in a 12 moth period for certain medical or family situations






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






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






19. Costs that do change from month to month






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






21. The difference between assets and liabilities






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






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






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






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






26. Occurs amoung co-workers of unequal rank






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






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






29. Costs that do not change from month to month






30. Money you save






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






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






33. Take away the legal force of or render ineffective






34. 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






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






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






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






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






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






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






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






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






43. Someone who has insufficient assets to cover their debts






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






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






46. An account owned by two or more people.






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






48. A legally enforceable agreement between two or more people






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






50. 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