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






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






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






4. 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






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






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






7. Interest rates - length of time to borrow money






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






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






10. Equifax - Experian - TransUnion






11. 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.






12. Ability to convert to cash and maintain value






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






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






15. A fixed charge for borrowing money






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






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






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






19. 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






20. Using computers to carry out transfers of money






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






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






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






24. The possibility for loss on an investment






25. The desire of a good or service






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






27. Can be profitable - liquid






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






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






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






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






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






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






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






35. Spreading out investments to reduce risk






36. Pursues payments on debts owed by individuals or businesses






37. Lenders must disclose all costs of credit






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






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






40. Risky






41. Time - amount of money - rate of interest






42. The availability of a good or service






43. The portion of corporate profits paid out to stockholders






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






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






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






47. 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






48. 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.






49. Enforces securities laws and regulates the securities industry






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