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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. Companies that provide extensive financial data to clients
phishing
well-know financial magazines
wants
investor services
2. Property consisting of houses and land
real estate
periodic or occasional expenses
municipal bonds
investing risk
3. Regular and planned investments
values
investing risk
systematic investing
dollar cost average
4. Is a numerical rating - based on credit report information that represents a person's level of creditworthiness
portfolio
APR - Average Percentage Rate
well-know financial magazines
credit score
5. The credit union term for a checking account.
coverage limit
Temporary investment
share draft account
yield
6. Uncontrollable and unpredictable events that cause an investment to lose value
share draft account
dividend
non-market risk
career
7. A government sector that requires all public corporations to make annual reports available to their stockholders
Rule of 72
risk
Securities and Exchange Commission
checking account
8. The amount of a loss you must pay out of your own pocket before the insurance company will step in and pay the rest.
social security tax
deductible
investor services
speculative investments
9. Wall Street Journal and Barron's
systematic investing
well-known financial newspapers
variable expenses
discount brokers
10. A chosen pursuit - profession - or occupation
diversification
permanent investment
bank
career
11. A spending plan for managing money during a given period of time.
career
stock
mutual fund
budget
12. A for-profit company that is owned by its stockholders and provides savings and checking accounts and other financial services to its customers.
investing risk
permanent investment
bank
share draft account
13. Expenses that aren't paid every month and can be either fixed or variable.
satellite decisions
investing risk
periodic or occasional expenses
values
14. Discount bonds; a bond purchased for less than the maturity value; example you buy a $50 bond for $25
Series EE Savings Bond
financial advisers
futures
rate of return
15. Summary of a corporation's financial condition
annual report
savings
state income tax
investing risk
16. Expenses that aren't paid every month and can be either fixed or variable.
principal
Securities and Exchange Commission
periodic or occasional expenses
budget
17. People trained to give investment advise based on your goals & age & lifestyle & etc
maturity date
Securities and Exchange Commission
financial advisers
Investing
18. A spending plan for managing money during a given period of time.
interest-rate risk
dollar cost average
yield
budget
19. Associated with owning stock of similar groups of businesses
investor services
capital gain
variable expenses
industry risk
20. The difference between a higher selling price and a lower purchase price - resulting in a financial gain for the seller
universal default
interest
capital gain
political risk
21. Newspapers list of securities
credit limit
interest-rate risk
financial pages
strategic investing
22. Standard and Poor's and Moody's
US Treasury Bonds
well-known investor services
bond
stock market
23. A general and progressive increase in prices
ATM - Automatic Teller Machine
chapter 7
inflation
investor services
24. The willingness to give up something you want now in return for something better in the future.
risk taker
rate of return
delayed gratification
penny stocks
25. 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.
spyware
stocks
stock
debt
26. Actions that the government might take that would reduce the value of an investment
state income tax
permanent investment
Temporary investment
political risk
27. Conservative investing; used when you have 'excess' savings
debt
initial investing
portfolio
mutual fund
28. The increase or decrease in the original purchase price of an investment over a period of time.
coverage limit
rate of return
bank
dividend
29. Uncontrollable and unpredictable events that cause an investment to lose value
stock
speculative investments
Rule of 72
non-market risk
30. Smaller decisions that can result from a major decision.
satellite decisions
corporate bonds
portfolio
cash flow
31. 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.
career
universal default
initial investing
discount brokers
32. The credit union term for a checking account.
periodic or occasional expenses
credit report
share draft account
Rule of 72
33. US treasury security that matures in 2 & 5 & or 10 years
Securities and Exchange Commission
penny stocks
political risk
US Treasury Notes
34. Bold and high-risk investments
US Treasury Bonds
speculative investments
bank
US Treasury Notes
35. The portion of the profits paid to the shareholders of a company.
risk management
yield
dividend
inflation
36. A term that describes investments on which earnings are not taxed until retirement
tax deferred
bond
annual fee
Personal Identification Number - PIN
37. A goal to be achieved within the next three months.
chapter 13
annual fee
career
short term goal
38. Money used for short-term needs like emergencies; advisers recommend three to six months' net pay for set aside for this
bankruptcy
spyware
short term goal
put-and-take account
39. A form of bankruptcy that allows you to erase most of your debt.
credit score
diversification
chapter 7
compounding interest rate
40. Business Weekly & Forbes & Money
delayed gratification
Securities and Exchange Commission
credit union
well-know financial magazines
41. The value of What is given up when you choose one option over another.
capital loss
opportunity cost
bank
discount brokers
42. Earning interest on interest.
futures
US Treasury Bonds
compounding interest rate
rate of return
43. The practice of investing a fixed amount into the same investment at regular intervals - regardless of what the stock market is doing.
dollar cost average
stocks
full-service broker
risk averse
44. Investment choices that will be re-evaluated within a year or less
Temporary investment
cash flow
rate of return
company risk
45. Investors who take to take chances
credit report
interest
bond
risk taker
46. Bold and high-risk investments
investing risk
corporate bonds
speculative investments
bank
47. The place where stocks are bought and sold.
stock market
origination fee
well-know full-service brokers
capital gain
48. The amount a corporation pays at a fixed amount when repaying a bond
budget
interest
mutual fund
state income tax
49. The chance that an investment's value will decrease
interest-rate risk
credit limit
chapter 7
investing risk
50. The probability that injury - damage - or loss will occur.
discount brokers
political risk
risk
industry risk