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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. A goal you expect to reach in a few days or weeks; a B on next weeks math test
unions
short term goal
W-2
checking account
2. One who is paid
void
payee
checkbook register
salary
3. A group of people who work in the same or similar occupation organized for the benefit of all employees in these ocupations
joint account
job search
motivation
unions
4. The spreading of risks across many types of investments
investments
family leave act
salary
diversified investments
5. 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
vertical communications
income tax
W-4
simple interest
6. (Cd) or a time deposit is a deposit that earns a fixed interest rate for a specific amount of time
payee
voidable
aptitude
certificate of deposit
7. Goals you wish to accomplish in the next few months or years; graduation from highschool - or plans for summer employment
stop payment
getting the job
void
intermediate goal
8. A summary of the income you earned during the year and all amounts the employer withheld for taxes
self-actualization
W-2
productivity
vertical communications
9. An account owned by two or more people.
explicit
income tax
joint account
void
10. 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
motivation
intermediate goal
listening-different skills
job search
11. The amount left after all deductions are taken out of your gross pay
contracts
aptitude
floating a check
net pay
12. A check containing certification that the person who issued the check has sufficient funds on deposit to cover payment
co-signer
checking account
certified check
job interview
13. A check that bears the bank's stamp - indicating it has cleared
canceled check
horizontal communications
simple interest
floating a check
14. Allows you to write checks to make payments; also called a demand deposit
liabilities
savings
checking account
maker
15. The tax paid on your taxable income
loan
certificate of deposit
insolvent
income tax
16. Provides federal aid for the elderly and for disabled workers
maker
loan
payee
social security
17. Costs that do change from month to month
job search
variable expense
checking account
short term goal
18. One who agrees to pay if the borrower fails to pay
productivity
diversified investments
fixed expense
co-signer
19. Intentionally writing a check on an account without sufficient funds in the hope of making a deposit before the check is cashed.
competent parties
salary
job interview
floating a check
20. Someone who has insufficient assets to cover their debts
insolvent
liabilities
checkbook register
vertical communications
21. A legally enforceable agreement between two or more people
benefits
contracts
joint account
explicit
22. A natural - physical - or mental ability that allows you to do certain tasks well
aptitude
net pay
job interview
diversified investments
23. The total amount you earn before any deducations are subtractions
intermediate goal
vertical communications
gross pay
getting the job
24. Depositor to a checking account
mutual fund
maker
savings
listening-different skills
25. The relationship between the costs of paying for workiers and the output that is recieved from their work
productivity
commercial bank
canceled check
drawer
26. The need to reach ones full potential - to grow - and to be creative
self-actualization
variable expense
job interview
W-2
27. Get organized - make a plan - follow up - don't give up
floating a check
W-4
contracts
job search
28. Goals you wish to accomplish in five to ten years or longer; college degree - marriage
money market
motivation
long term goal
competent parties
29. A face to face meeting with a potential employeer to discuss the job opening
job interview
short term goal
aptitude
canceled check
30. A check written for more money than your account contains
social security
net pay
joint account
overdraft
31. Interest computed only on amount borrowed without compounding
co-signer
warranty
simple interest
promissory note
32. Costs that do not change from month to month
motivation
fixed expense
job application
overdraft
33. 1. forms of employee compensation in addition to pay 2. the amount recieved by the beneficiary from a life insurance policy also called proceeds
drawer
salary
benefits
motivation
34. Occurs amoung co-workers of unequal rank
job interview
vertical communications
co-signer
W-2
35. Return address - letter address - body of the letter: attention - interest - desire - action
intermediate goal
self-actualization
1040 from
parts of a business letter
36. The amount of monthly or annual pay you will earn for your labour
net worth
checkbook register
payee
salary
37. The us of long term savings to earn a financial return
aptitude
investments
money market
fixed expense
38. Able to be set aside or to be revalidated at a later date
voidable
promissory note
family leave act
certificate of deposit
39. A type of savings account that offers a more competitive interest rate than a regular savings account
benefits
money market
self-actualization
diversified investments
40. A promise to pay a specified amount on demand or at a certain time
promissory note
W-2
drawer
contracts
41. Money you save
insolvent
job application
overdraft
saving
42. Items of value that a person own
benefits
job search
promissory note
asset
43. (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
investments
family leave act
promissory note
44. The difference between assets and liabilities
competent parties
certificate of deposit
net worth
currency
45. Definite - clearly stated
joint account
explicit
maker
co-signer
46. Occurs amoung co-workers of equal rank
explicit
horizontal communications
listening-different skills
floating a check
47. 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
promissory note
job application
1040 from
parts of a business letter
48. A written assurance that some product or service will be provided or will meet certain specifications
benefits
promissory note
certified check
warranty
49. A depositor's order to a bank to refuse payment on a check
void
parts of a business letter
stop payment
income tax
50. The metal or paper medium of exchange that is presently used
loan
currency
social security
motivation