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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 entire amount of money you owe to lenders






2. A government sector that requires all public corporations to make annual reports available to their stockholders






3. Expenses that are not fixed.






4. US treasury security that matures in 30 years






5. Actions that the government might take that would reduce the value of an investment






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






7. A chosen pursuit - profession - or occupation






8. The credit union term for a savings account.






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






10. Earning interest on interest.






11. Smaller decisions that can result from a major decision.






12. A payroll deduction collected by employers by law and sent to the federal government to provide a small income and other services to the elderly - disabled Americans - and orphaned minors.






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






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






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






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






17. Management of investment alternatives to maximize the growth of your portfolio






18. Summary of a corporation's financial condition






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






20. 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.






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






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






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






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






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






26. Brokers who provide clients with analysis and opinions






27. Bold and high-risk investments






28. Wall Street Journal and Barron's






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






30. The amount a corporation pays at a fixed amount when repaying a bond






31. A government sector that requires all public corporations to make annual reports available to their stockholders






32. The place where stocks are bought and sold.






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






34. 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.






35. The profit from an investment.






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






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






38. A formal contract to repay borrowed money with interest at fixed intervals






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






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






41. Another term for budget






42. A form of bankruptcy that allows you to erase most of your debt.






43. Earning interest on interest.






44. The entire amount of money you owe to lenders






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






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






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






48. A formal contract to repay borrowed money with interest at fixed intervals






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






50. Investors who are afraid to make investments







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


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