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






2. Using computers to carry out transfers of money






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






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. Pursues payments on debts owed by individuals or businesses






6. The increase in price of goods and services






7. The desire of a good or service






8. Expenses that change from month to month






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






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






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






12. Lenders must disclose all costs of credit






13. 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.

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






15. Time - amount of money - rate of interest






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






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






18. Risky






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






20. 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






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






22. Can be profitable - liquid






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






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






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






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






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






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






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






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






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






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






33. 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.






34. 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






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






36. The portion of corporate profits paid out to stockholders






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






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






39. Ability to convert to cash and maintain value






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






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






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






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






44. 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.






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






46. Equifax - Experian - TransUnion






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






48. Interest rates - length of time to borrow money






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






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







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


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