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. Bonds designed for investors wanting to protect again inflation losses






2. US treasury security that matures from a few days to one year






3. Investors who are afraid to make investments






4. Conservative investing; used when you have 'excess' savings






5. Business Weekly & Forbes & Money






6. Pooling of money from many investors to buy a large & diverse selection of securities






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






8. Losses in an investment as a result of the business cycle






9. The use of long-term savings to earn a financial return






10. Companies that provide extensive financial data to clients






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






12. The credit union term for a checking account.






13. A form of bankruptcy that allows you to erase most of your debt.






14. A fee charged to a borrower (especially for a mortgage loan) to cover the costs of initiating the loan.






15. A chosen pursuit - profession - or occupation






16. The increase or decrease in the original purchase price of an investment over a period of time.






17. Another term for budget






18. Regular and planned investments






19. A general and progressive increase in prices






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






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






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






23. Summary of a corporation's financial condition






24. US treasury security that matures in 2 & 5 & or 10 years






25. Expenses that aren't paid every month and can be either fixed or variable.






26. The amount of money someone is willing to loan you.






27. Newspapers list of securities






28. Uncontrollable and unpredictable events that cause an investment to lose value






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






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






31. An account you have at a financial institution that helps you accumulate and save money and earn a small amount of interest at the same time.






32. A clause included in many credit card company agreements that allows a credit card company to increase your interest rate if you make just one late payment.






33. Things that add comfort and pleasure to your life but you can live without if you need to.






34. People trained to give investment advise based on your goals & age & lifestyle & etc






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






36. The idea that money today is worth more than the same amount of money in the future due to its potential earning capacity.






37. Investors who are afraid to make investments






38. On a credit card - the length of time you have before you start accumulating interest on an unpaid balance.






39. The difference between a lower selling price and a higher purchase price resulting in a financial loss for the seller






40. The right & not the obligation & to buy or sell commodities or stocks for a specific price on a specific date






41. The value of What is given up when you choose one option over another.






42. The place where stocks are bought and sold.






43. 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.






44. A bank account against which the depositor can draw checks payable on demand.






45. A financial institution owned by its members that provides savings and checking accounts and other services to its membership at low fees.






46. The place where stocks are bought and sold.






47. Movement of money you receive and the money you spend






48. 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.






49. Debt obligations of state or local governments






50. An account you have at a financial institution that helps you accumulate and save money and earn a small amount of interest at the same time.