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






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






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






4. 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






5. Definite - clearly stated






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






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






8. Someone who has insufficient assets to cover their debts






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






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






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






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






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






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






15. Job elements that increase job satisfaction






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






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






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






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






20. One who is paid






21. The difference between assets and liabilities






22. Occurs amoung co-workers of equal rank






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






24. A booklet used to record checking account transactions






25. The spreading of risks across many types of investments






26. An account owned by two or more people.






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






28. Money you save






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






30. A legally enforceable agreement between two or more people






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






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






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






34. Occurs amoung co-workers of unequal rank






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






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






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






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






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






40. The relationship between the costs of paying for workiers and the output that is recieved from their work






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






42. Money or debts that you owe to others






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






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






45. A check that bears the bank's stamp - indicating it has cleared






46. Items of value that a person own






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






48. Interest computed only on amount borrowed without compounding






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






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