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. Investors who take to take chances






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






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






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






5. A for-profit company that is owned by its stockholders and provides savings and checking accounts and other financial services to its customers.






6. Earning interest on interest.






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






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






9. Wall Street Journal and Barron's






10. Companies that provide extensive financial data to clients






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






12. Newspapers list of securities






13. 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.






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






15. The amount a corporation borrowed in a bond situation






16. The willingness to give up something you want now in return for something better in the future.






17. The entire amount of money you owe to lenders






18. Regular and planned investments






19. Standard and Poor's and Moody's






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






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






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






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






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






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






26. Brokers who provided little or no information to clients






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






28. 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.






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






30. Brokers who provide clients with analysis and opinions






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






32. The place where stocks are bought and sold.






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






34. 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.






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






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






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






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






39. A general and progressive increase in prices






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






41. The credit union term for a savings account.






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






43. Property consisting of houses and land






44. Investors who are afraid to make investments






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






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






47. 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.






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






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






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






Can you answer 50 questions in 15 minutes?



Let me suggest you:

Browse all subjects

Browse all tests

Most popular tests



Major Subjects

Tests & Exams


AP
CLEP
DSST
GRE
SAT
GMAT

Browse all subjects

Browse all tests

Most popular tests