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. Spreading out investments to reduce risk






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






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






4. 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






5. Risky






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






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






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






9. The portion of corporate profits paid out to stockholders






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






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






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






13. Can be profitable - liquid






14. Time - amount of money - rate of interest






15. Expenses that change from month to month






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






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






18. A fixed charge for borrowing money






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






20. The value of buying one item over another






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






22. Equifax - Experian - TransUnion






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






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






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






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






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






28. Ability to convert to cash and maintain value






29. 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






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






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






32. 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


33. Interest rates - length of time to borrow money






34. 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.






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






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






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






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






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






40. The desire of a good or service






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






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






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






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






45. 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






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






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






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






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






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







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


Let me suggest you:



Major Subjects



Tests & Exams


AP
CLEP
DSST
GRE
SAT
GMAT

Most popular tests