Test your basic knowledge |

DSST Personal Finance 2

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. Interest calculated on both the principal and the accrued interest (daily - monthly - quarterly - semi-annually - annually)






2. High-priced common stocks that have been strong - profitable stocks for a long period of time.






3. Debts due within the next year (ex: loans - credit cards)






4. Goal in which you plan to prepare for and reach in the distant future - over 5 years






5. A major stock exchange that handles trades through a computerized network - 2nd largest stock exchange






6. Time - amount of money - rate of interest






7. A card (usually plastic) that enables the holder to withdraw money or to have the cost of purchases charged directly to the holder's bank account






8. Enforces securities laws and regulates the securities industry






9. The possibility for loss on an investment






10. The price of an item will go down if there is little demand or low supply. The price of an item will go up if there is a lot of demand or high amounts of supply.






11. Econoomy - interest rates - supply and demand of housing market - treasury bond rates






12. Carefully planned - practical - flexible - written and accessible






13. Taking a certain amount of all money you receive and saving it to be used for spending on longer-term goals.






14. Responsible for their own personal belongings in the case of an event like fire - water damage






15. Agree to be responsible for loan payments if the other person can't make them






16. The total amount of an employee's earnings before deductions are taken out






17. Interest paid on the principal alone (I=p x r x t)






18. Stocks that pay low dividends - but are expected to grow






19. The availability of a good or service






20. A report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan applicant's creditworthiness.






21. Spreading out investments to reduce risk






22. Items for enjoyment ex: eating out - entertainment - luxury items






23. Allows to erase debt - must be unemployed of low income - must seek counseling - keeps only exempt property






24. Allows pay back of debt with more time - court oversees repayment of plan






25. Can be profitable - liquid






26. Equifax - Experian - TransUnion






27. Consumer Price Index is the measure that examines the weighted average of prices of a basket of consumer goods and services - such as transporation - food and medical care.


28. Lenders must disclose all costs of credit






29. You owe money (ex: credit card - loan)






30. To borrow money from a bank to purchase an item and pay for it over time






31. Interest rates - length of time to borrow money






32. Income risk - personal risk - liquidity risk - interest rate risk






33. The increase in price of goods and services






34. Insured interest earning savings account with restricted access to the fund; not as easy to get liquid as a savings account






35. A log of the financial habits of a person who buys on credit.






36. Account to help you save money and earn a small amount of interest at the same time






37. The total earnings paid to an employee after payroll taxes and other deductions






38. Items you need to survive ex: food - water






39. Ability to convert to cash and maintain value






40. The portion of corporate profits paid out to stockholders






41. Cost of credit in the form of the interest rate charged for a full year - cost of credit expressed as a yearly percentage






42. Risky






43. Oldest and largest by volume traded and market cap (2800 companies) - issued at least 1 million shares worth $100 million - earned more than $10 million in last 3 years






44. A way to guarantee your financial protection against various risks






45. An indicator of stock market prices; based on the share values of 30 blue-chip stocks listed on the New York Stock Exchange






46. The money left to spend or save after taxes have been paid






47. A fixed charge for borrowing money






48. Protects you from the probability that injury - damage or loss will occur






49. The money an investor receives above and beyond the sum of money initially invested






50. Properties or assets that are offered to secure a loan or other credit; subject to seizure upon default