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






2. Time - amount of money - rate of interest






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






4. Enforces securities laws and regulates the securities industry






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






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






7. The portion of corporate profits paid out to stockholders






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






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






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






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






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






13. Expenses that change from month to month






14. The desire of a good or service






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






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






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






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






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






20. Interest rates - length of time to borrow money






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






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






23. Pursues payments on debts owed by individuals or businesses






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






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






26. Lenders must disclose all costs of credit






27. 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.






28. Ability to convert to cash and maintain value






29. The availability of a good or service






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






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






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






33. The value of buying one item over another






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






35. Risky






36. 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






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






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






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






41. A fixed charge for borrowing money






42. Can be profitable - liquid






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






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






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






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






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






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






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