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Test your basic knowledge |
Financial Literacy Basics
Start Test
Study First
Subjects
:
literacy
,
personal-finance
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. Uncontrollable and unpredictable events that cause an investment to lose value
share draft account
spyware
cash flow
non-market risk
2. Investing with a series of regular payments; usually associated with life insurance companies
annuities
well-know full-service brokers
savings
penny stocks
3. An electronic machine that bank customers and credit union members can use to withdraw cash and make other financial transactions.
discount brokers
mutual funds
ATM - Automatic Teller Machine
opportunity cost
4. People trained to give investment advise based on your goals & age & lifestyle & etc
bankruptcy
financial advisers
penny stocks
initial investing
5. Business Weekly & Forbes & Money
universal default
deductible
well-know financial magazines
put-and-take account
6. Pooling of money from many investors to buy a large & diverse selection of securities
mutual funds
share draft account
checking account
portfolio
7. The entire amount of money you owe to lenders
risk management
municipal bonds
debt
universal default
8. Low-priced stocks of small companies that have no track record
penny stocks
stock market
well-known discount brokers
full-service broker
9. The amount a corporation pays at a fixed amount when repaying a bond
tax deferred
interest
share account
wants
10. Investment choices that will be held for long periods
Rule of 72
variable expenses
permanent investment
futures
11. Companies that provide extensive financial data to clients
investor services
futures
US Treasury Notes
capital loss
12. The amount of money someone is willing to loan you.
principal
bond
political risk
short term goal
13. A card that is used to deduct a purchase amount directly from your checking account instead of drawing on a line of credit; also called 'check card.'
credit union
debit card
coverage limit
well-know financial magazines
14. Property consisting of houses and land
real estate
stock
origination fee
cash flow
15. Things that add comfort and pleasure to your life but you can live without if you need to.
Rule of 72
financial advisers
chapter 13
wants
16. An investment security that is actually a diversified portfolio of equities - bonds or other securities. Investors purchase shares and can sell them at any time.
corporate bonds
interest
mutual fund
bond
17. Movement of money you receive and the money you spend
universal default
cash flow
real estate
annual fee
18. Wall Street Journal and Barron's
initial investing
annual fee
well-known investor services
well-known financial newspapers
19. The use of long-term savings to earn a financial return
stock market
Investing
time value of money
real estate
20. Another term for budget
US Treasury Bills
compounding interest rate
spending plan
Series EE Savings Bond
21. Standard and Poor's and Moody's
tax deferred
well-known investor services
stock
satellite decisions
22. The credit union term for a checking account.
financial advisers
Rule of 72
interest-rate risk
share draft account
23. Investors who take to take chances
Rule of 72
risk taker
annual report
budget
24. The belief - qualities - or standards that you consider important or desirable.
mutual fund
stock
values
dollar cost average
25. A form of bankruptcy that allows you to repay many of your debts over a period of time - usually no more than five years.
full-service broker
municipal bonds
Temporary investment
chapter 13
26. The chance that an investment's value will decrease
Rule of 72
coverage limit
credit union
investing risk
27. Expenses that are not fixed.
non-market risk
Rule of 72
variable expenses
ATM - Automatic Teller Machine
28. A formal contract to repay borrowed money with interest at fixed intervals
bond
mutual fund
chapter 13
municipal bonds
29. A payroll deduction collected by employers by law and sent to the state government to support state services.
risk taker
state income tax
principal
Securities and Exchange Commission
30. Debt obligations of state or local governments
well-know full-service brokers
municipal bonds
credit
well-known investor services
31. Bonds designed for investors wanting to protect again inflation losses
interest
variable expenses
Series I Savings Bond
periodic or occasional expenses
32. A goal to be achieved within the next three months.
savings
universal default
short term goal
dollar cost average
33. The difference between a lower selling price and a higher purchase price resulting in a financial loss for the seller
capital loss
spending plan
financial advisers
principal
34. The right & not the obligation & to buy or sell commodities or stocks for a specific price on a specific date
mutual fund
credit union
spending plan
options
35. Associated with owning stock of only one company
share account
well-know financial magazines
budget
company risk
36. Regular and planned investments
diversification
Rule of 72
discount brokers
systematic investing
37. A for-profit company that is owned by its stockholders and provides savings and checking accounts and other financial services to its customers.
periodic or occasional expenses
bank
investing risk
inflation
38. A certificate documenting the shareholder's ownership in the corporation
stock
well-know financial magazines
debt
municipal bonds
39. The place where stocks are bought and sold.
political risk
industry risk
stock market
permanent investment
40. Amount of money that is set aside for future purchases
spyware
investor services
wants
savings
41. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail or pop-up messages.
principal
coverage limit
US Treasury Bills
phishing
42. Associated with owning stock of similar groups of businesses
full-service broker
industry risk
time value of money
stock
43. Actions that the government might take that would reduce the value of an investment
principal
political risk
annual report
state income tax
44. The amount of money someone is willing to loan you.
well-known financial newspapers
mutual funds
principal
mutual funds
45. Smaller decisions that can result from a major decision.
real estate
satellite decisions
principal
APR - Average Percentage Rate
46. Debt obligations of corporations
Series I Savings Bond
corporate bonds
stock
well-know full-service brokers
47. The maximum amount an insurance company will pay if you file a claim.
well-known investor services
coverage limit
time value of money
credit union
48. Regular and planned investments
debt
annuities
US Treasury Notes
systematic investing
49. Standard and Poor's and Moody's
stocks
well-known investor services
Series EE Savings Bond
stocks
50. The willingness to give up something you want now in return for something better in the future.
stocks
portfolio
delayed gratification
political risk