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






2. 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






3. Ability to convert to cash and maintain value






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






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






6. The value of buying one item over another






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






8. The increase in price of goods and services






9. Can be profitable - liquid






10. 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.






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






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






13. Time - amount of money - rate of interest






14. Spreading out investments to reduce risk






15. 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.






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






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






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






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






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






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






22. 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.


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






24. Equifax - Experian - TransUnion






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






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






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






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






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






30. Pursues payments on debts owed by individuals or businesses






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






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






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






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






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






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






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






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






39. A fixed charge for borrowing money






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






41. Interest rates - length of time to borrow money






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






43. Enforces securities laws and regulates the securities industry






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






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






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






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






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






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






50. The desire of a good or service