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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. Items you need to survive ex: food - water






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






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






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






5. 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.






6. The portion of corporate profits paid out to stockholders






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






8. Enforces securities laws and regulates the securities industry






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






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






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






12. 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






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






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






15. Interest rates - length of time to borrow money






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






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






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






19. The possibility for loss on an investment






20. The availability of a good or service






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






22. The value of buying one item over another






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






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






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






26. Spreading out investments to reduce risk






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






28. Using computers to carry out transfers of money






29. Expenses that change from month to month






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






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






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






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






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






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






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






37. A fixed charge for borrowing money






38. 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.






39. The desire of a good or service






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






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






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






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






44. Time - amount of money - rate of interest






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






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






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






48. Pursues payments on debts owed by individuals or businesses






49. The increase in price of goods and services






50. 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







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


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