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Test your basic knowledge |
Financial Literacy Basics
Start Test
Study First
Subjects
:
literacy
,
personal-finance
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. Expenses that aren't paid every month and can be either fixed or variable.
well-known discount brokers
opportunity cost
periodic or occasional expenses
risk management
2. Investors who take to take chances
Series EE Savings Bond
financial advisers
risk taker
tax deferred
3. The process of dealing with the chance of a potential personal or financial loss.
savings account
risk management
budget
credit union
4. Property consisting of houses and land
financial advisers
real estate
market risk
pay yourself first - P.Y.F.
5. Bonds designed for investors wanting to protect again inflation losses
Series I Savings Bond
systematic investing
options
budget
6. Amount of money that is set aside for future purchases
origination fee
savings
credit score
deductible
7. Investors who are afraid to make investments
political risk
financial advisers
portfolio
risk averse
8. A certificate documenting the shareholder's ownership in the corporation
stock
market risk
industry risk
risk management
9. The portion of the profits paid to the shareholders of a company.
APR - Average Percentage Rate
universal default
dividend
deductible
10. The place where stocks are bought and sold.
yield
debit card
stock market
inflation
11. US treasury security that matures in 30 years
time value of money
political risk
US Treasury Bonds
spending plan
12. Expenses that aren't paid every month and can be either fixed or variable.
credit history
periodic or occasional expenses
stocks
share draft account
13. Summary of a corporation's financial condition
tax deferred
annual report
dollar cost average
values
14. The belief - qualities - or standards that you consider important or desirable.
real estate
credit report
stocks
values
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.
APR - Average Percentage Rate
APR - Average Percentage Rate
deductible
market risk
16. Debt obligations of corporations
yield
corporate bonds
Series EE Savings Bond
delayed gratification
17. Expenses that are not fixed.
variable expenses
mutual funds
permanent investment
penny stocks
18. Coins & art & memorabilia or other items that are popular from time to time
non-market risk
collectibles
annual report
debit card
19. A goal to be achieved within the next three months.
short term goal
financial pages
APR - Average Percentage Rate
political risk
20. Debt obligations of state or local governments
variable expenses
municipal bonds
periodic or occasional expenses
wants
21. A government sector that requires all public corporations to make annual reports available to their stockholders
phishing
Securities and Exchange Commission
annual report
Series EE Savings Bond
22. A summary of a person's borrowing and repayment history.
phishing
credit history
dollar cost average
debit card
23. A fee charged to a borrower (especially for a mortgage loan) to cover the costs of initiating the loan.
diversification
debit card
municipal bonds
origination fee
24. The idea that money today is worth more than the same amount of money in the future due to its potential earning capacity.
time value of money
well-know full-service brokers
investor services
short term goal
25. Summary of a corporation's financial condition
US Treasury Bills
annual report
investor services
ATM - Automatic Teller Machine
26. A general and progressive increase in prices
full-service broker
inflation
savings account
short term goal
27. Investment choices that will be re-evaluated within a year or less
inflation
short term goal
US Treasury Bonds
Temporary investment
28. Charles Schwab & TD Ameritrade & E*TRADE
Series EE Savings Bond
well-know full-service brokers
well-known discount brokers
delayed gratification
29. A technique used for estimating the number of years required to double your money at a given rate
social security tax
Rule of 72
penny stocks
Series I Savings Bond
30. Associated with owning stock of only one company
interest
company risk
tax deferred
stock market
31. A spending plan for managing money during a given period of time.
Investing
initial investing
budget
Temporary investment
32. US treasury security that matures in 2 & 5 & or 10 years
market risk
speculative investments
US Treasury Notes
full-service broker
33. An amount of money that is loaned on trust with the expectation that it will be repaid at a later date.
credit
corporate bonds
penny stocks
company risk
34. An amount that credit card companies can charge for the use of a credit card.
capital gain
capital loss
origination fee
annual fee
35. The use of long-term savings to earn a financial return
credit score
Investing
financial advisers
stock market
36. Amount of money that is set aside for future purchases
savings
bond
real estate
tax deferred
37. A spending plan for managing money during a given period of time.
financial pages
credit history
grace period
budget
38. Low-priced stocks of small companies that have no track record
futures
penny stocks
opportunity cost
annuities
39. The difference between a lower selling price and a higher purchase price resulting in a financial loss for the seller
capital loss
risk taker
mutual funds
phishing
40. Maximum amount of credit a lender will extend to a customer.
credit limit
compounding interest rate
spyware
investor services
41. The portion of the profits paid to the shareholders of a company.
political risk
budget
dividend
savings
42. The credit union term for a savings account.
wants
share account
deductible
well-know financial magazines
43. Conservative investing; used when you have 'excess' savings
initial investing
rate of return
industry risk
credit limit
44. Actions that the government might take that would reduce the value of an investment
financial advisers
penny stocks
political risk
social security tax
45. 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.
annual fee
opportunity cost
well-known investor services
mutual fund
46. Spreading risk among many types of investments; one way to minimize risk
diversification
initial investing
tax deferred
risk taker
47. Investing with a series of regular payments; usually associated with life insurance companies
risk
annuities
spending plan
diversification
48. An electronic machine that bank customers and credit union members can use to withdraw cash and make other financial transactions.
ATM - Automatic Teller Machine
risk taker
investing risk
US Treasury Bonds
49. US treasury security that matures in 30 years
budget
put-and-take account
rate of return
US Treasury Bonds
50. The amount a corporation pays at a fixed amount when repaying a bond
US Treasury Bills
interest
bank
dollar cost average