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. 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.






2. The credit union term for a checking account.






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






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






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






6. The entire amount of money you owe to lenders






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






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






9. A form of bankruptcy that allows you to repay many of your debts over a period of time - usually no more than five years.






10. The right & not the obligation & to buy or sell commodities or stocks for a specific price on a specific date






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






12. 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.






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






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






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






16. Collection of investments






17. Regular and planned investments






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






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






20. Associated with owning stock of similar groups of businesses






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






22. A chosen pursuit - profession - or occupation






23. Charles Schwab & TD Ameritrade & E*TRADE






24. Another term for budget






25. Debt obligations of corporations






26. The entire amount of money you owe to lenders






27. Earning interest on interest.






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






29. A unit of ownership in a corporation






30. A general and progressive increase in prices






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






32. Spreading risk among many types of investments; one way to minimize risk






33. Companies that provide extensive financial data to clients






34. The right & not the obligation & to buy or sell commodities or stocks for a specific price on a specific date






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






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






37. Associated with owning stock of only one company






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






39. An electronic machine that bank customers and credit union members can use to withdraw cash and make other financial transactions.






40. Brokers who provided little or no information to clients






41. The difference between a higher selling price and a lower purchase price - resulting in a financial gain for the seller






42. A bank account against which the depositor can draw checks payable on demand.






43. A financial institution owned by its members that provides savings and checking accounts and other services to its membership at low fees.






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






45. 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.






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






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






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






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






50. The unique passcode number you use to get access to your savings and/or checking account







Sorry!:) No result found.

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