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 of money someone is willing to loan you.






2. The chance that inflation will rise faster than the rate of return on an investment






3. US treasury security that matures in 2 & 5 & or 10 years






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






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






6. Wall Street Journal and Barron's






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






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






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






10. The setting aside of money for future use or other investments






11. Amount of money that is set aside for future purchases






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






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






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






15. Brokers who provided little or no information to clients






16. Summary of a corporation's financial condition






17. Associated with owning stock of only one company






18. US treasury security that matures from a few days to one year






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






20. Expenses that are not fixed.






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






22. 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.






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






24. Debt obligations of state or local governments






25. Expenses that are not fixed.






26. A goal to be achieved within the next three months.






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






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






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






30. A general and progressive increase in prices






31. Regular and planned investments






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






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






34. Property consisting of houses and land






35. The credit union term for a checking account.






36. Investors who take to take chances






37. Debt obligations of corporations






38. Brokers who provided little or no information to clients






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






40. A general and progressive increase in prices






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






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






43. The amount a corporation borrowed in a bond situation






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






45. Money used for short-term needs like emergencies; advisers recommend three to six months' net pay for set aside for this






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






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






48. Reducing investment risk by putting money in several different types of investments.






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






50. Maximum amount of credit a lender will extend to a customer.