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






2. The portion of corporate profits paid out to stockholders






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






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






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






6. A fixed charge for borrowing money






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






8. Can be profitable - liquid






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






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






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






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






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






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






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






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






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






19. Time - amount of money - rate of interest






20. Pursues payments on debts owed by individuals or businesses






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






22. Using computers to carry out transfers of money






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






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






25. Equifax - Experian - TransUnion






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






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






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






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






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






31. The availability of a good or service






32. 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






33. The increase in price of goods and services






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






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






36. 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.


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






38. 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.






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






40. Interest rates - length of time to borrow money






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






42. The possibility for loss on an investment






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






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






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






46. 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






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






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






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






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