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






2. The portion of corporate profits paid out to stockholders






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






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






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






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






7. Time - amount of money - rate of interest






8. 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.






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






10. The value of buying one item over another






11. A fixed charge for borrowing money






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






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






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






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






16. Using computers to carry out transfers of money






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






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






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






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






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






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






23. Expenses that change from month to month






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






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






26. Equifax - Experian - TransUnion






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






28. The possibility for loss on an investment






29. Enforces securities laws and regulates the securities industry






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






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






32. Interest rates - length of time to borrow money






33. Ability to convert to cash and maintain value






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






35. Lenders must disclose all costs of credit






36. The increase in price of goods and services






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






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






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






40. Pursues payments on debts owed by individuals or businesses






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






42. Spreading out investments to reduce risk






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






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






45. Goal in which you plan to reach in the near future - one year or less






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






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






48. 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.






49. The availability of a good or service






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







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Can you answer 50 questions in 15 minutes?


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