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






2. Money you save






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






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






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






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






7. The spreading of risks across many types of investments






8. Items of value that a person own






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






10. 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






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






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






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






14. The tax paid on your taxable income






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






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






17. Money or debts that you owe to others






18. An account owned by two or more people.






19. Interest computed only on amount borrowed without compounding






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






21. Someone who has insufficient assets to cover their debts






22. A booklet used to record checking account transactions






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






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






25. A tax form used to uhh make deductions from uhhm ........ from your income in taxes






26. Costs that do not change from month to month






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






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






29. 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






30. Job elements that increase job satisfaction






31. Depositor to a checking account






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






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






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






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






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






37. A depositor's order to a bank to refuse payment on a check






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






39. (1993) allows employees to take p to 12 weeks of unpaid leave in a 12 moth period for certain medical or family situations






40. A legally enforceable agreement between two or more people






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






42. Definite - clearly stated






43. One who is paid






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






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






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






47. The difference between assets and liabilities






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






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






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