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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. Risky






2. The increase in price of goods and services






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






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






5. Time - amount of money - rate of interest






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






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






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






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






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






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






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






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






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






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






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






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






18. The availability of a good or service






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






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






21. 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






22. 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






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






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






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






26. The value of buying one item over another






27. 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






28. A fixed charge for borrowing money






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






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






31. 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.






32. The possibility for loss on an investment






33. Interest rates - length of time to borrow money






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






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






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






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






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






39. 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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40. Spreading out investments to reduce risk






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






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






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






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






45. Expenses that change from month to month






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






47. Enforces securities laws and regulates the securities industry






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






49. Lenders must disclose all costs of credit






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







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


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