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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. Enforces securities laws and regulates the securities industry






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






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






4. Expenses that change from month to month






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






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






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






8. Risky






9. The desire of a good or service






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






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






12. Using computers to carry out transfers of money






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






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






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






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






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






18. 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






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






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






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






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






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






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






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






26. Time - amount of money - rate of interest






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






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






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






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






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






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






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






34. The portion of corporate profits paid out to stockholders






35. 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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36. 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.






37. 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.






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






39. Interest rates - length of time to borrow money






40. Lenders must disclose all costs of credit






41. Can be profitable - liquid






42. The possibility for loss on an investment






43. A fixed charge for borrowing money






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






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






47. Equifax - Experian - TransUnion






48. 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






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






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







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


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