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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. Ability to convert to cash and maintain value






2. Time - amount of money - rate of interest






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






4. The increase in price of goods and services






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






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






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






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






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






10. The value of buying one item over another






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






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






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






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






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






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






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






18. Pursues payments on debts owed by individuals or businesses






19. Can be profitable - liquid






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






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






22. A fixed charge for borrowing money






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






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






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






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






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






28. Using computers to carry out transfers of money






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






30. 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.






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






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






33. Lenders must disclose all costs of credit






34. Spreading out investments to reduce risk






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






36. The possibility for loss on an investment






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






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






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






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






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






42. 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






43. 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.






44. The portion of corporate profits paid out to stockholders






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






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






47. Risky






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






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






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







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


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