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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. Occurs amoung co-workers of equal rank
W-2
saving
horizontal communications
family leave act
2. Money or debts that you owe to others
joint account
money market
liabilities
fixed expense
3. A depositor's order to a bank to refuse payment on a check
competent parties
stop payment
horizontal communications
1040 from
4. Goals you wish to accomplish in the next few months or years; graduation from highschool - or plans for summer employment
contracts
intermediate goal
short term goal
payee
5. Allows you to write checks to make payments; also called a demand deposit
overdraft
explicit
co-signer
checking account
6. The difference between assets and liabilities
intermediate goal
net worth
certified check
canceled check
7. (1993) allows employees to take p to 12 weeks of unpaid leave in a 12 moth period for certain medical or family situations
family leave act
job search
investments
productivity
8. Occurs amoung co-workers of unequal rank
explicit
productivity
vertical communications
job search
9. Money that someone lends that you pay interest on when you pay it back
stop payment
loan
liabilities
savings
10. (Cd) or a time deposit is a deposit that earns a fixed interest rate for a specific amount of time
certificate of deposit
vertical communications
fixed expense
promissory note
11. Return address - letter address - body of the letter: attention - interest - desire - action
salary
commercial bank
intermediate goal
parts of a business letter
12. A face to face meeting with a potential employeer to discuss the job opening
job application
bank reconciliation
mutual fund
job interview
13. The metal or paper medium of exchange that is presently used
mutual fund
currency
bank reconciliation
aptitude
14. A booklet used to record checking account transactions
checkbook register
insolvent
certified check
family leave act
15. Items of value that a person own
net worth
mutual fund
stop payment
asset
16. A type of savings account that offers a more competitive interest rate than a regular savings account
money market
job search
getting the job
maker
17. The total amount you earn before any deducations are subtractions
commercial bank
gross pay
vertical communications
money market
18. Getting an interview - applying - interviewing - and following up
getting the job
contracts
liabilities
short term goal
19. A check that bears the bank's stamp - indicating it has cleared
canceled check
contracts
job application
horizontal communications
20. A check containing certification that the person who issued the check has sufficient funds on deposit to cover payment
insolvent
net pay
family leave act
certified check
21. Depositor to a checking account
canceled check
parts of a business letter
certified check
maker
22. A promise to pay a specified amount on demand or at a certain time
liabilities
promissory note
solvent
net pay
23. Able to be set aside or to be revalidated at a later date
certificate of deposit
joint account
voidable
diversified investments
24. Goals you wish to accomplish in five to ten years or longer; college degree - marriage
long term goal
maker
saving
co-signer
25. Definite - clearly stated
unions
certificate of deposit
competent parties
explicit
26. 'full service banks' provide the widest variety banking services. insured by FDIC
motivation
aptitude
productivity
commercial bank
27. Professionally managed group in investments bought using a pool of money from many investors; used to buy stocks. bonds - and other securities
checking account
money market
mutual fund
stop payment
28. A check written for more money than your account contains
listening-different skills
overdraft
floating a check
gross pay
29. 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
parts of a business letter
drawer
mutual fund
job application
30. Costs that do not change from month to month
W-2
fixed expense
productivity
net worth
31. Take away the legal force of or render ineffective
getting the job
explicit
void
insolvent
32. 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
checkbook register
W-4
payee
stop payment
33. One who is paid
productivity
horizontal communications
warranty
payee
34. A summary of the income you earned during the year and all amounts the employer withheld for taxes
W-4
gross pay
W-2
payee
35. Get organized - make a plan - follow up - don't give up
job search
asset
benefits
self-actualization
36. An account owned by two or more people.
listening-different skills
joint account
saving
mutual fund
37. Money you save
drawer
saving
benefits
investments
38. A legally enforceable agreement between two or more people
insolvent
contracts
competent parties
net worth
39. The amount left after all deductions are taken out of your gross pay
explicit
gross pay
motivation
net pay
40. The relationship between the costs of paying for workiers and the output that is recieved from their work
money market
insolvent
productivity
maker
41. The spreading of risks across many types of investments
asset
diversified investments
commercial bank
canceled check
42. One who agrees to pay if the borrower fails to pay
voidable
warranty
co-signer
certificate of deposit
43. Someone who has insufficient assets to cover their debts
job search
payee
void
insolvent
44. Interest computed only on amount borrowed without compounding
solvent
certificate of deposit
simple interest
drawer
45. The us of long term savings to earn a financial return
job search
productivity
investments
net pay
46. Costs that do change from month to month
joint account
commercial bank
bank reconciliation
variable expense
47. A goal you expect to reach in a few days or weeks; a B on next weeks math test
short term goal
unions
fixed expense
checking account
48. The tax paid on your taxable income
maker
checking account
income tax
floating a check
49. The need to reach ones full potential - to grow - and to be creative
self-actualization
floating a check
contracts
W-2
50. 1. forms of employee compensation in addition to pay 2. the amount recieved by the beneficiary from a life insurance policy also called proceeds
contracts
mutual fund
commercial bank
benefits