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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. US treasury security that matures in 30 years






2. The total amount of what it costs you to use credit in a given year. It is expressed as a percentage of the amount borrowed.






3. Investors who take to take chances






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






5. Regular and planned investments






6. Charles Schwab & TD Ameritrade & E*TRADE






7. Merrill Lynch & Fidelity Investments & American Express






8. A payroll deduction collected by employers by law and sent to the state government to support state services.






9. Expenses that are not fixed.






10. The unique passcode number you use to get access to your savings and/or checking account






11. Debt obligations of state or local governments






12. 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.






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






14. Summary of a corporation's financial condition






15. The credit union term for a checking account.






16. The credit union term for a checking account.






17. Is a numerical rating - based on credit report information that represents a person's level of creditworthiness






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






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






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






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






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






23. Standard and Poor's and Moody's






24. The unique passcode number you use to get access to your savings and/or checking account






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






26. Spreading risk among many types of investments; one way to minimize risk






27. The amount of a loss you must pay out of your own pocket before the insurance company will step in and pay the rest.






28. The profit from an investment.






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






30. Bonds designed for investors wanting to protect again inflation losses






31. Investment choices that will be held for long periods






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






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






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






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






36. Discount bonds; a bond purchased for less than the maturity value; example you buy a $50 bond for $25






37. The chance that an investment's value will decrease






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






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






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






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






42. The amount a corporation borrowed in a bond situation






43. A chosen pursuit - profession - or occupation






44. The amount of a loss you must pay out of your own pocket before the insurance company will step in and pay the rest.






45. Summary of a corporation's financial condition






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






47. An amount of money that is loaned on trust with the expectation that it will be repaid at a later date.






48. The portion of the profits paid to the shareholders of a company.






49. A formal contract to repay borrowed money with interest at fixed intervals






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







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


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