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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. Can be profitable - liquid






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






3. The availability of a good or service






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






5. The increase in price of goods and services






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






7. The portion of corporate profits paid out to stockholders






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






9. 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






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






11. Time - amount of money - rate of interest






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






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






14. Legal process in which some or all of the assets of a debtor are distributed among the creditors because the debtor is unable to pay his or her debts; the legal process of getting out of debt






15. The value of buying one item over another






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






17. 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.






18. 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






19. A fixed charge for borrowing money






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






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






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






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






24. Equifax - Experian - TransUnion






25. Interest rates - length of time to borrow money






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






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






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






29. A term that describes investments on which earnings are not taxed until retirement (ex: 401k - IRA)






30. Risky






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






32. Expenses that change from month to month






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






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






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






36. Using computers to carry out transfers of money






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






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






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






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






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






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






43. Enforces securities laws and regulates the securities industry






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






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






46. The desire of a good or service






47. Lenders must disclose all costs of credit






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






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






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







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Can you answer 50 questions in 15 minutes?


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