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






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






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






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






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






6. Lenders must disclose all costs of credit






7. 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.






8. 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






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






10. Enforces securities laws and regulates the securities industry






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






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






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






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






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






16. 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






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






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






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






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






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






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






23. A fixed charge for borrowing money






24. The desire of a good or service






25. Can be profitable - liquid






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






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. Expenses that change from month to month






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






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






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






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






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






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






35. Time - amount of money - rate of interest






36. The portion of corporate profits paid out to stockholders






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






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






39. 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






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






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






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






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






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






45. The possibility for loss on an investment






46. Using computers to carry out transfers of money






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






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






50. The increase in price of goods and services







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