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. The amount a corporation borrowed in a bond situation






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






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






4. US treasury security that matures in 30 years






5. The profit from an investment.






6. Investment choices that will be re-evaluated within a year or less






7. 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.'






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






9. 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.






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






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






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






13. Investors who take to take chances






14. Investors who are afraid to make investments






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






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






17. Brokers who provide clients with analysis and opinions






18. US treasury security that matures in 30 years






19. An amount that credit card companies can charge for the use of a credit card.






20. Investing with a series of regular payments; usually associated with life insurance companies






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






22. Charles Schwab & TD Ameritrade & E*TRADE






23. Investors who are afraid to make investments






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






25. Debt obligations of corporations






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






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






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






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






30. The credit union term for a savings account.






31. Property consisting of houses and land






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






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






34. Merrill Lynch & Fidelity Investments & American Express






35. The place where stocks are bought and sold.






36. Investment choices that will be held for long periods






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






38. Contacts to buy and sell commodities or stocks for a specific price on a specific date






39. Summary of a corporation's financial condition






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






41. 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.






42. A general and progressive increase in prices






43. Brokers who provide clients with analysis and opinions






44. The practice of investing a fixed amount into the same investment at regular intervals - regardless of what the stock market is doing.






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






46. The profit from an investment.






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






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






49. An amount that credit card companies can charge for the use of a credit card.






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