Test your basic knowledge |

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. Risky






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






3. Interest rates - length of time to borrow money






4. Using computers to carry out transfers of money






5. The desire of a good or service






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






7. 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


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






9. The portion of corporate profits paid out to stockholders






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






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






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






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






14. 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.






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






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






17. 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






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






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






20. 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.






21. Equifax - Experian - TransUnion






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






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






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






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






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






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






28. Can be profitable - liquid






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






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






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






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






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






34. The possibility for loss on an investment






35. Pursues payments on debts owed by individuals or businesses






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






37. Spreading out investments to reduce risk






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






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






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






41. Time - amount of money - rate of interest






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






43. A fixed charge for borrowing money






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






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






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






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






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






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






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







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

Browse all subjects

Browse all tests

Most popular tests