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. 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






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






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






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






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






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






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






8. Pursues payments on debts owed by individuals or businesses






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






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






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






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






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






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






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






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






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






18. Enforces securities laws and regulates the securities industry






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






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






21. A fixed charge for borrowing money






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






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






24. The portion of corporate profits paid out to stockholders






25. 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






26. Risky






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






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






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






30. Using computers to carry out transfers of money






31. Equifax - Experian - TransUnion






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






33. Expenses that change from month to month






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






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






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






37. The desire of a good or service






38. 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.






39. Ability to convert to cash and maintain value






40. Time - amount of money - rate of interest






41. Can be profitable - liquid






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






43. The possibility for loss on an investment






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






45. 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






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






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






48. The availability of a good or service






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






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