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. Interest computed only on amount borrowed without compounding






2. A booklet used to record checking account transactions






3. An account owned by two or more people.






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






5. (1993) allows employees to take p to 12 weeks of unpaid leave in a 12 moth period for certain medical or family situations






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






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






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






9. Depositor to a checking account






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






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






12. The tax paid on your taxable income






13. A legally enforceable agreement between two or more people






14. One who is paid






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






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






17. The difference between assets and liabilities






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






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






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






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






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






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






24. Money or debts that you owe to others






25. Costs that do not change from month to month






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






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






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






29. Take away the legal force of or render ineffective






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






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






32. Money you save






33. Costs that do change from month to month






34. Money you save for things






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






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






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






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






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






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






41. Occurs amoung co-workers of equal rank






42. Definite - clearly stated






43. 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






44. Someone who has insufficient assets to cover their debts






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






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






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






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






49. Job elements that increase job satisfaction






50. The spreading of risks across many types of investments