SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
Test your basic knowledge |
DSST Personal Finance 2
Start Test
Study First
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. Pursues payments on debts owed by individuals or businesses
CPI's relation to inflation
needs
collection agency or debt collector
variable expenses
2. Agree to be responsible for loan payments if the other person can't make them
compound interest
interest can benefit you when...
reasons to invest in stocks
co-signing a loan
3. Risky
factors that affect your income
interest can be bad for you when....
reasons not to invest in stocks
credit report
4. Interest rates - length of time to borrow money
collection agency or debt collector
things that affect loans
inflation
tax deferred
5. Allows to erase debt - must be unemployed of low income - must seek counseling - keeps only exempt property
Dow Jones
chapter 7
Securities and Exchange Commission (SEC)
credit record
6. Protects depository institution accounts - incures commercial banks and savings and loan
needs
Federal Deposit Insurance Corporation (FDIC)
credit report
factors that affect your income
7. The portion of corporate profits paid out to stockholders
dividend
insurance
reasons to invest in stocks
long term goals
8. The money an investor receives above and beyond the sum of money initially invested
reasons not to invest in stocks
return
demand
simple interest
9. Debts due within the next year (ex: loans - credit cards)
variable expenses
co-signing a loan
short term debt
bankruptcy
10. The desire of a good or service
Landlord
demand
Pay Yourself First (PYF)
net pay
11. Source of information in determining a fair price for a vehicle - new or used
Kelley Blue Book
factors that affect a mortgage
Dow Jones
net pay
12. Spreading out investments to reduce risk
opportunity cost
insurance
diversification
short term debt
13. Expenses that change from month to month
interest can be bad for you when....
growth stocks
variable expenses
interest
14. 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
long term goals
CPI's relation to inflation
debit card
fixed expenses
15. 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.
Warning
: Invalid argument supplied for foreach() in
/var/www/html/basicversity.com/show_quiz.php
on line
183
16. You owe money (ex: credit card - loan)
chapter 7
interest can be bad for you when....
Annual percentage rate (APR)
co-signing a loan
17. An indicator of stock market prices; based on the share values of 30 blue-chip stocks listed on the New York Stock Exchange
disposable income
Dow Jones
credit record
demand
18. Money set aside for unforseen expenses in case of injury - loss of job or extra expenses
emergency fund
wants
discretionary income
opportunity cost
19. Allows pay back of debt with more time - court oversees repayment of plan
short term goals
Law of Supply and Demand
tips for using credit wisely
chapter 13
20. The possibility for loss on an investment
types of risk
risk
electronic banking
Rule of 72
21. Regulates banks - makes short term loans to banks - conducts monetary policy
Federal Reserve System (FED)
discretionary income
demand
Tenant
22. Formula used to calculate how many years it would take to double an investment
Rule of 72
liquidity
bankruptcy
compound interest
23. Using computers to carry out transfers of money
types of risk
reasons to invest in stocks
electronic banking
certificate of deposit or CD
24. Interest paid on the principal alone (I=p x r x t)
return
factors that affect a mortgage
interest can be bad for you when....
simple interest
25. Properties or assets that are offered to secure a loan or other credit; subject to seizure upon default
diversification
fixed expenses
Truth in Lending Act
collateral
26. Items for enjoyment ex: eating out - entertainment - luxury items
budget
reasons to invest in stocks
wants
CPI's relation to inflation
27. 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
chapter 7
disposable income
blue chip stocks
bankruptcy
28. Protects you from the probability that injury - damage or loss will occur
interest can benefit you when...
how insurance is related to risk management
Federal Deposit Insurance Corporation (FDIC)
3 major credit bureaus
29. 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
risk
Tenant
tips for using credit wisely
chapter 13
30. High-priced common stocks that have been strong - profitable stocks for a long period of time.
discretionary income
credit record
blue chip stocks
variable expenses
31. A fixed charge for borrowing money
Pay Yourself First (PYF)
Tenant
Truth in Lending Act
interest
32. Only responsible for the building and the property in the case of an event like fire - water damage
New York Stock Exchange (NYSE)
interest
short term debt
Landlord
33. Account to help you save money and earn a small amount of interest at the same time
credit record
National Association of Securities Dealers Automated Quotations (NASDAQ)
Dow Jones
savings account
34. The Federal Reserve committee responsible for open market operations and managing the money supply in the United States
emergency fund
Federal Open Market Committee (FOMC)
tax deferred
compound interest
35. A plan for managing your money for a given period of time
supply
co-signing a loan
budget
blue chip stocks
36. Ability to convert to cash and maintain value
liquidity
CPI's relation to inflation
credit record
things that affect loans
37. The money left to spend or save after taxes have been paid
short term debt
return
variable expenses
disposable income
38. A way to guarantee your financial protection against various risks
insurance
Law of Supply and Demand
interest
compound interest
39. 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.
New York Stock Exchange (NYSE)
return
credit report
gross pay
40. Insured interest earning savings account with restricted access to the fund; not as easy to get liquid as a savings account
return
certificate of deposit or CD
types of risk
CPI's relation to inflation
41. The total earnings paid to an employee after payroll taxes and other deductions
net pay
liquidity
tax deferred
interest can be bad for you when....
42. Econoomy - interest rates - supply and demand of housing market - treasury bond rates
factors that affect a mortgage
demand
credit report
return
43. To borrow money from a bank to purchase an item and pay for it over time
Truth in Lending Act
financing an item
interest can be bad for you when....
insurance
44. Responsible for their own personal belongings in the case of an event like fire - water damage
tips for a successful budget
interest can be bad for you when....
Tenant
Securities and Exchange Commission (SEC)
45. Goal in which you plan to reach in the near future - one year or less
interest
short term goals
short term debt
growth stocks
46. 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
New York Stock Exchange (NYSE)
how insurance is related to risk management
bankruptcy
interest can be bad for you when....
47. Can be profitable - liquid
reasons to invest in stocks
net pay
supply
Tenant
48. Items you need to survive ex: food - water
needs
fixed expenses
savings account
budget
49. Carefully planned - practical - flexible - written and accessible
chapter 7
tips for a successful budget
credit report
risk
50. Salary - wages - interest - campital gains - commission
Pay Yourself First (PYF)
factors that affect your income
collection agency or debt collector
dividend
Sorry!:) No result found.
Can you answer 50 questions in 15 minutes?
Let me suggest you:
Browse all subjects
Browse all tests
Most popular tests
Major Subjects
Tests & Exams
AP
CLEP
DSST
GRE
SAT
GMAT
Certifications
CISSP go to https://www.isc2.org/
PMP
ITIL
RHCE
MCTS
More...
IT Skills
Android Programming
Data Modeling
Objective C Programming
Basic Python Programming
Adobe Illustrator
More...
Business Skills
Advertising Techniques
Business Accounting Basics
Business Strategy
Human Resource Management
Marketing Basics
More...
Soft Skills
Body Language
People Skills
Public Speaking
Persuasion
Job Hunting And Resumes
More...
Vocabulary
GRE Vocab
SAT Vocab
TOEFL Essential Vocab
Basic English Words For All
Global Words You Should Know
Business English
More...
Languages
AP German Vocab
AP Latin Vocab
SAT Subject Test: French
Italian Survival
Norwegian Survival
More...
Engineering
Audio Engineering
Computer Science Engineering
Aerospace Engineering
Chemical Engineering
Structural Engineering
More...
Health Sciences
Basic Nursing Skills
Health Science Language Fundamentals
Veterinary Technology Medical Language
Cardiology
Clinical Surgery
More...
English
Grammar Fundamentals
Literary And Rhetorical Vocab
Elements Of Style Vocab
Introduction To English Major
Complete Advanced Sentences
Literature
Homonyms
More...
Math
Algebra Formulas
Basic Arithmetic: Measurements
Metric Conversions
Geometric Properties
Important Math Facts
Number Sense Vocab
Business Math
More...
Other Major Subjects
Science
Economics
History
Law
Performing-arts
Cooking
Logic & Reasoning
Trivia
Browse all subjects
Browse all tests
Most popular tests