Test your basic knowledge |

Financial Literacy Basics

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. The amount a corporation pays at a fixed amount when repaying a bond






2. Maximum amount of credit a lender will extend to a customer.






3. A chosen pursuit - profession - or occupation






4. Associated with owning stock of only one company






5. US treasury security that matures in 30 years






6. The credit union term for a savings account.






7. Merrill Lynch & Fidelity Investments & American Express






8. Merrill Lynch & Fidelity Investments & American Express






9. A mathematical method that can be used to show how long it will take to double your money in an investment simply by dividing 72 by the rate of interest.






10. Coins & art & memorabilia or other items that are popular from time to time






11. An electronic machine that bank customers and credit union members can use to withdraw cash and make other financial transactions.






12. Fee on credit card for making charges above your credit limit.






13. A unit of ownership in a corporation






14. Earning interest on interest.






15. Summary of a corporation's financial condition






16. A goal to be achieved within the next three months.






17. Property consisting of houses and land






18. Smaller decisions that can result from a major decision.






19. A general and progressive increase in prices






20. The chance that inflation will rise faster than the rate of return on an investment






21. A payroll deduction collected by employers by law and sent to the federal government to provide a small income and other services to the elderly - disabled Americans - and orphaned minors.






22. The date on which the borrowed money must be repaid






23. The probability that injury - damage - or loss will occur.






24. A government sector that requires all public corporations to make annual reports available to their stockholders






25. A summary of a person's borrowing and repayment history.






26. The setting aside of money for future use or other investments






27. A bad side effect of free downloads that may be used to send you pop-up ads - redirect your computer to unwanted Web sites - monitor your Internet surfing - or record your keystrokes in an effort to steal your identity.






28. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail or pop-up messages.






29. Smaller decisions that can result from a major decision.






30. The maximum amount an insurance company will pay if you file a claim.






31. A term that describes investments on which earnings are not taxed until retirement






32. A spending plan for managing money during a given period of time.






33. A certificate documenting the shareholder's ownership in the corporation






34. Investors who take to take chances






35. US treasury security that matures in 30 years






36. The practice of investing a fixed amount into the same investment at regular intervals - regardless of what the stock market is doing.






37. Investors who are afraid to make investments






38. Bold and high-risk investments






39. Low-priced stocks of small companies that have no track record






40. A legal process to get out of debt when you can no longer make all your required payments.






41. Reducing investment risk by putting money in several different types of investments.






42. A technique used for estimating the number of years required to double your money at a given rate






43. The profit from an investment.






44. The difference between a higher selling price and a lower purchase price - resulting in a financial gain for the seller






45. An electronic machine that bank customers and credit union members can use to withdraw cash and make other financial transactions.






46. Associated with owning stock of only one company






47. Wall Street Journal and Barron's






48. Debt obligations of corporations






49. The place where stocks are bought and sold.






50. A summary of a person's borrowing and repayment history.