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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 face to face meeting with a potential employeer to discuss the job opening
W-4
gross pay
job interview
void
2. Those who are legally capable of entering into contracts.
maker
competent parties
gross pay
long term goal
3. Definite - clearly stated
checking account
long term goal
unions
explicit
4. The process of matching your checkbook register with the bank statement
fixed expense
1040 from
bank reconciliation
maker
5. A promise to pay a specified amount on demand or at a certain time
promissory note
parts of a business letter
floating a check
checking account
6. Job elements that increase job satisfaction
motivation
gross pay
fixed expense
certificate of deposit
7. A statement that solves a problem or explains how to solve the problem
joint account
short term goal
promissory note
solvent
8. Able to be set aside or to be revalidated at a later date
simple interest
1040 from
listening-different skills
voidable
9. The tax paid on your taxable income
certified check
variable expense
income tax
currency
10. 'full service banks' provide the widest variety banking services. insured by FDIC
commercial bank
simple interest
fixed expense
long term goal
11. 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
job application
explicit
fixed expense
co-signer
12. Take away the legal force of or render ineffective
void
self-actualization
mutual fund
saving
13. One who agrees to pay if the borrower fails to pay
long term goal
net worth
savings
co-signer
14. 1. forms of employee compensation in addition to pay 2. the amount recieved by the beneficiary from a life insurance policy also called proceeds
commercial bank
benefits
stop payment
explicit
15. The total amount you earn before any deducations are subtractions
maker
gross pay
payee
job search
16. A tax form used to uhh make deductions from uhhm ........ from your income in taxes
job interview
1040 from
commercial bank
warranty
17. Occurs amoung co-workers of unequal rank
joint account
vertical communications
explicit
floating a check
18. A natural - physical - or mental ability that allows you to do certain tasks well
getting the job
promissory note
aptitude
simple interest
19. Money that someone lends that you pay interest on when you pay it back
loan
void
vertical communications
savings
20. A check containing certification that the person who issued the check has sufficient funds on deposit to cover payment
net worth
canceled check
certified check
vertical communications
21. Goals you wish to accomplish in five to ten years or longer; college degree - marriage
payee
vertical communications
warranty
long term goal
22. The amount left after all deductions are taken out of your gross pay
net pay
listening-different skills
salary
certificate of deposit
23. Occurs amoung co-workers of equal rank
warranty
income tax
promissory note
horizontal communications
24. A goal you expect to reach in a few days or weeks; a B on next weeks math test
short term goal
aptitude
checkbook register
liabilities
25. Costs that do not change from month to month
job search
intermediate goal
fixed expense
stop payment
26. A depositor's order to a bank to refuse payment on a check
job application
certificate of deposit
loan
stop payment
27. A booklet used to record checking account transactions
listening-different skills
checkbook register
voidable
currency
28. A summary of the income you earned during the year and all amounts the employer withheld for taxes
certified check
benefits
W-2
bank reconciliation
29. The amount of monthly or annual pay you will earn for your labour
salary
money market
savings
loan
30. A group of people who work in the same or similar occupation organized for the benefit of all employees in these ocupations
family leave act
investments
unions
certificate of deposit
31. Money or debts that you owe to others
saving
savings
diversified investments
liabilities
32. Get organized - make a plan - follow up - don't give up
job search
W-2
aptitude
diversified investments
33. Items of value that a person own
drawer
net pay
social security
asset
34. One who is paid
currency
money market
short term goal
payee
35. The metal or paper medium of exchange that is presently used
joint account
salary
commercial bank
currency
36. 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
commercial bank
promissory note
listening-different skills
insolvent
37. Costs that do change from month to month
variable expense
parts of a business letter
solvent
joint account
38. Someone who has insufficient assets to cover their debts
listening-different skills
diversified investments
insolvent
benefits
39. The relationship between the costs of paying for workiers and the output that is recieved from their work
competent parties
job interview
payee
productivity
40. Allows you to write checks to make payments; also called a demand deposit
currency
drawer
voidable
checking account
41. A type of savings account that offers a more competitive interest rate than a regular savings account
money market
social security
promissory note
motivation
42. (Cd) or a time deposit is a deposit that earns a fixed interest rate for a specific amount of time
certificate of deposit
diversified investments
loan
promissory note
43. Provides federal aid for the elderly and for disabled workers
job application
savings
bank reconciliation
social security
44. Professionally managed group in investments bought using a pool of money from many investors; used to buy stocks. bonds - and other securities
productivity
mutual fund
asset
motivation
45. Getting an interview - applying - interviewing - and following up
getting the job
loan
long term goal
money market
46. Interest computed only on amount borrowed without compounding
simple interest
getting the job
motivation
void
47. A written assurance that some product or service will be provided or will meet certain specifications
voidable
currency
long term goal
warranty
48. A check that bears the bank's stamp - indicating it has cleared
stop payment
gross pay
canceled check
floating a check
49. Money you save
saving
W-2
joint account
job search
50. Depositor to a checking account
unions
motivation
job interview
maker