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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. 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






2. Equifax - Experian - TransUnion






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






4. The increase in price of goods and services






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






6. The desire of a good or service






7. The value of buying one item over another






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






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






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






11. Expenses that change from month to month






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






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






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






15. The possibility for loss on an investment






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






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






18. Risky






19. 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.






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






21. The availability of a good or service






22. Enforces securities laws and regulates the securities industry






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






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






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






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






28. 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






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






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






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






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






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






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






35. Using computers to carry out transfers of money






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






37. The portion of corporate profits paid out to stockholders






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






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






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






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






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






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






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






45. Ability to convert to cash and maintain value






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






47. Pursues payments on debts owed by individuals or businesses






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






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






50. A fixed charge for borrowing money







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


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