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. Smaller decisions that can result from a major decision.






2. Wall Street Journal and Barron's






3. The profit from an investment.






4. Regular and planned investments






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






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






7. The entire amount of money you owe to lenders






8. Things that add comfort and pleasure to your life but you can live without if you need to.






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






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






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






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






13. Investors who are afraid to make investments






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






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






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






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






18. Another term for budget






19. The place where stocks are bought and sold.






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






21. Charles Schwab & TD Ameritrade & E*TRADE






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






23. Associated with owning stock of similar groups of businesses






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






25. The use of long-term savings to earn a financial return






26. Associated with owning stock of only one company






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






28. The profit from an investment.






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






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






31. The credit union term for a savings account.






32. Investment choices that will be re-evaluated within a year or less






33. Summary of a corporation's financial condition






34. Collection of investments






35. Newspapers list of securities






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






37. Merrill Lynch & Fidelity Investments & American Express






38. Property consisting of houses and land






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






40. A general and progressive increase in prices






41. Brokers who provided little or no information to clients






42. Brokers who provide clients with analysis and opinions






43. A legal process to get out of debt when you can no longer make all your required payments.






44. Merrill Lynch & Fidelity Investments & American Express






45. 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.






46. Investment choices that will be re-evaluated within a year or less






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






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






49. 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.






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