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. Using computers to carry out transfers of money






2. 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.






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






4. Pursues payments on debts owed by individuals or businesses






5. Enforces securities laws and regulates the securities industry






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






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






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






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






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






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






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






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






14. The possibility for loss on an investment






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






16. Ability to convert to cash and maintain value






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






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






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






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






21. 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.






22. Time - amount of money - rate of interest






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






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






25. 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






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






27. The value of buying one item over another






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






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






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






31. 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.


32. 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






33. The availability of a good or service






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






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






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






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






38. A fixed charge for borrowing money






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






40. Can be profitable - liquid






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






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






43. 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






44. Interest rates - length of time to borrow money






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






46. Spreading out investments to reduce risk






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






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






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






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