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. Pursues payments on debts owed by individuals or businesses






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






3. Risky






4. Interest rates - length of time to borrow money






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






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






7. The portion of corporate profits paid out to stockholders






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






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






10. The desire of a good or service






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






12. Spreading out investments to reduce risk






13. Expenses that change from month to month






14. 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






15. 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.

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


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






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






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






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






20. The possibility for loss on an investment






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






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






23. Using computers to carry out transfers of money






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






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






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






27. 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






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






29. 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






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






31. A fixed charge for borrowing money






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






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






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






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






36. Ability to convert to cash and maintain value






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






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






39. 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.






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






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






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






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






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






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






46. 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






47. Can be profitable - liquid






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






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






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







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


Let me suggest you:

Browse all subjects

Browse all tests

Most popular tests



Major Subjects

Tests & Exams


AP
CLEP
DSST
GRE
SAT
GMAT

Browse all subjects

Browse all tests

Most popular tests