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. Regulates banks - makes short term loans to banks - conducts monetary policy






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






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






4. Only responsible for the building and the property in the case of an event like fire - water damage






5. Disposable income available for spending and saving after an individual has purchased the basic necessities of food - clothing - and shelter






6. The desire of a good or service






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






8. Enforces securities laws and regulates the securities industry






9. The portion of corporate profits paid out to stockholders






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






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






12. Expenses that change from month to month






13. Salary - wages - interest - campital gains - commission






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






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






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






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






18. A fixed charge for borrowing money






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






20. Can be profitable - liquid






21. Formula used to calculate how many years it would take to double an investment






22. Time - amount of money - rate of interest






23. 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.






24. The availability of a good or service






25. Ability to convert to cash and maintain value






26. Pursues payments on debts owed by individuals or businesses






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






28. Money set aside for unforseen expenses in case of injury - loss of job or extra expenses






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






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






31. 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.


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






33. Set costs that must be paid such as rent - insurance - and car payments






34. The possibility for loss on an investment






35. A plan for managing your money for a given period of time






36. Be careful using credit cards - understand how much debt you have - pay off debt ASAP - pay off in full and on time - consolidate credit cards to low interest rate card






37. Investment that pools money from many investors to invest in stocks - bonds and other securities






38. The value of buying one item over another






39. Interest rates - length of time to borrow money






40. 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






41. Source of information in determining a fair price for a vehicle - new or used






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






43. The Federal Reserve committee responsible for open market operations and managing the money supply in the United States






44. Protects depository institution accounts - incures commercial banks and savings and loan






45. 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.






46. Lenders must disclose all costs of credit






47. You are being paid for it (ex: investment)






48. Risky






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






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