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Test your basic knowledge |
Financial Literacy Basics
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Subjects
:
literacy
,
personal-finance
Instructions:
Answer 50 questions in 15 minutes.
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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 date on which the borrowed money must be repaid
company risk
discount brokers
maturity date
company risk
2. Wall Street Journal and Barron's
principal
dividend
systematic investing
well-known financial newspapers
3. The belief - qualities - or standards that you consider important or desirable.
values
principal
risk
financial advisers
4. The increase or decrease in the original purchase price of an investment over a period of time.
rate of return
career
dollar cost average
ATM - Automatic Teller Machine
5. A government sector that requires all public corporations to make annual reports available to their stockholders
ATM - Automatic Teller Machine
Securities and Exchange Commission
annuities
permanent investment
6. Money used for short-term needs like emergencies; advisers recommend three to six months' net pay for set aside for this
put-and-take account
industry risk
interest-rate risk
credit history
7. Brokers who provide clients with analysis and opinions
cash flow
financial advisers
credit score
full-service broker
8. Property consisting of houses and land
stocks
risk averse
real estate
Series I Savings Bond
9. A certificate documenting the shareholder's ownership in the corporation
stock
bond
inflation
permanent investment
10. Low-priced stocks of small companies that have no track record
yield
risk management
values
penny stocks
11. Another term for budget
credit report
well-known financial newspapers
spending plan
satellite decisions
12. Earning interest on interest.
compounding interest rate
debit card
futures
non-market risk
13. 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.
rate of return
well-known investor services
savings account
capital loss
14. A fee charged to a borrower (especially for a mortgage loan) to cover the costs of initiating the loan.
penny stocks
origination fee
credit limit
investor services
15. 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.
Series I Savings Bond
delayed gratification
chapter 7
universal default
16. Newspapers list of securities
deductible
financial pages
well-known financial newspapers
cash flow
17. The chance that inflation will rise faster than the rate of return on an investment
company risk
annual fee
annuities
interest-rate risk
18. Regular and planned investments
chapter 7
systematic investing
municipal bonds
market risk
19. The place where stocks are bought and sold.
over-the-limit fee
stock market
mutual fund
investor services
20. The entire amount of money you owe to lenders
debt
diversification
periodic or occasional expenses
short term goal
21. Investment choices that will be re-evaluated within a year or less
capital loss
pay yourself first - P.Y.F.
Temporary investment
well-known discount brokers
22. An amount that credit card companies can charge for the use of a credit card.
risk management
annual fee
Investing
chapter 13
23. Smaller decisions that can result from a major decision.
satellite decisions
budget
financial advisers
bankruptcy
24. The probability that injury - damage - or loss will occur.
risk
risk management
universal default
stock
25. Debt obligations of corporations
universal default
corporate bonds
Securities and Exchange Commission
state income tax
26. The profit from an investment.
risk taker
career
career
yield
27. The process of dealing with the chance of a potential personal or financial loss.
risk management
Temporary investment
bank
risk
28. Business Weekly & Forbes & Money
well-know financial magazines
diversification
bankruptcy
mutual fund
29. 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.
credit history
bankruptcy
inflation
social security tax
30. The credit union term for a savings account.
satellite decisions
non-market risk
share account
discount brokers
31. Maximum amount of credit a lender will extend to a customer.
yield
credit limit
mutual fund
deductible
32. Investing with a series of regular payments; usually associated with life insurance companies
phishing
annuities
cash flow
short term goal
33. 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.
Investing
diversification
APR - Average Percentage Rate
savings account
34. Money used for short-term needs like emergencies; advisers recommend three to six months' net pay for set aside for this
periodic or occasional expenses
credit report
put-and-take account
credit union
35. Reducing investment risk by putting money in several different types of investments.
Rule of 72
principal
diversification
Temporary investment
36. The maximum amount an insurance company will pay if you file a claim.
rate of return
discount brokers
futures
coverage limit
37. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail or pop-up messages.
short term goal
phishing
annuities
bond
38. The willingness to give up something you want now in return for something better in the future.
delayed gratification
collectibles
well-known investor services
maturity date
39. 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.'
risk averse
corporate bonds
inflation
debit card
40. Smaller decisions that can result from a major decision.
stock market
satellite decisions
Rule of 72
credit report
41. The credit union term for a checking account.
share draft account
put-and-take account
cash flow
time value of money
42. US treasury security that matures in 30 years
Securities and Exchange Commission
financial pages
chapter 13
US Treasury Bonds
43. Pooling of money from many investors to buy a large & diverse selection of securities
non-market risk
mutual funds
stock market
credit
44. Losses in an investment as a result of the business cycle
penny stocks
US Treasury Bonds
origination fee
market risk
45. A technique used for estimating the number of years required to double your money at a given rate
risk
risk management
Rule of 72
APR - Average Percentage Rate
46. A legal process to get out of debt when you can no longer make all your required payments.
systematic investing
spending plan
speculative investments
bankruptcy
47. The portion of the profits paid to the shareholders of a company.
Securities and Exchange Commission
chapter 13
options
dividend
48. The place where stocks are bought and sold.
stock market
well-known financial newspapers
Investing
annual report
49. A detailed record of your personal credit and financial transactions.
credit report
municipal bonds
annual fee
compounding interest rate
50. 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.
spyware
Rule of 72
APR - Average Percentage Rate
credit limit
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