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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. 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






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






3. Can be profitable - liquid






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






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






6. A fixed charge for borrowing money






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






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






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






10. 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.






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






12. 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






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






14. Expenses that change from month to month






15. The value of buying one item over another






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






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






18. 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.

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






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






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






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






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






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






25. Using computers to carry out transfers of money






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






27. 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






28. Lenders must disclose all costs of credit






29. Spreading out investments to reduce risk






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






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






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






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






34. Equifax - Experian - TransUnion






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






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






37. Risky






38. Time - amount of money - rate of interest






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






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






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






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






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






44. The desire of a good or service






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






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






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






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






50. The availability of a good or service







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Can you answer 50 questions in 15 minutes?


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