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