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. 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.


2. Expenses that change from month to month






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






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






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






6. 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.






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






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






9. The value of buying one item over another






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






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






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






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






14. Pursues payments on debts owed by individuals or businesses






15. The availability of a good or service






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






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






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






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






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






21. The desire of a good or service






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






23. The increase in price of goods and services






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






25. A fixed charge for borrowing money






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






27. The possibility for loss on an investment






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






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






30. Time - amount of money - rate of interest






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






32. 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






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






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






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






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






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






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






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






40. Lenders must disclose all costs of credit






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






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






43. Spreading out investments to reduce risk






44. Ability to convert to cash and maintain value






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






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






47. 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






48. The portion of corporate profits paid out to stockholders






49. Can be profitable - liquid






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