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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. Salary - wages - interest - campital gains - commission






2. Source of information in determining a fair price for a vehicle - new or used






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






4. The desire of a good or service






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






6. Pursues payments on debts owed by individuals or businesses






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






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






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






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






11. Lenders must disclose all costs of credit






12. 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.






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






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






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






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






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






18. The availability of a good or service






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






20. Spreading out investments to reduce risk






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






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






23. Equifax - Experian - TransUnion






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






25. Ability to convert to cash and maintain value






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






27. The value of buying one item over another






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






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






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






31. Can be profitable - liquid






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






33. 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






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






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






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






37. 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.






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






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






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






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






42. The possibility for loss on an investment






43. Expenses that change from month to month






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






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






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






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






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






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






50. Risky







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


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