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. Newspapers list of securities






2. The credit union term for a savings account.






3. Merrill Lynch & Fidelity Investments & American Express






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






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






6. Standard and Poor's and Moody's






7. 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.






8. The belief - qualities - or standards that you consider important or desirable.






9. Newspapers list of securities






10. Property consisting of houses and land






11. A unit of ownership in a corporation






12. Associated with owning stock of only one company






13. Another term for budget






14. 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.






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






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






17. Investors who take to take chances






18. 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.






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






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






21. Earning interest on interest.






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






23. Debt obligations of corporations






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






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






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






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






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






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






30. Investment choices that will be held for long periods






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






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






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






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






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






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






37. Regular and planned investments






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






39. Debt obligations of state or local governments






40. Business Weekly & Forbes & Money






41. The profit from an investment.






42. A detailed record of your personal credit and financial transactions.






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






44. Earning interest on interest.






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






46. The entire amount of money you owe to lenders






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






48. Another term for budget






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






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