SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
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. The amount of a loss you must pay out of your own pocket before the insurance company will step in and pay the rest.
principal
cash flow
deductible
Rule of 72
2. US treasury security that matures from a few days to one year
capital loss
US Treasury Bills
origination fee
over-the-limit fee
3. Conservative investing; used when you have 'excess' savings
credit report
stocks
penny stocks
initial investing
4. The increase or decrease in the original purchase price of an investment over a period of time.
rate of return
pay yourself first - P.Y.F.
discount brokers
variable expenses
5. The unique passcode number you use to get access to your savings and/or checking account
speculative investments
bank
Personal Identification Number - PIN
interest
6. A detailed record of your personal credit and financial transactions.
credit report
risk management
state income tax
financial advisers
7. The chance that an investment's value will decrease
non-market risk
Investing
investing risk
values
8. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail or pop-up messages.
risk management
coverage limit
over-the-limit fee
phishing
9. Companies that provide extensive financial data to clients
savings account
investor services
credit report
well-know financial magazines
10. A term that describes investments on which earnings are not taxed until retirement
well-know financial magazines
political risk
US Treasury Notes
tax deferred
11. An amount of money that is loaned on trust with the expectation that it will be repaid at a later date.
well-known financial newspapers
risk averse
credit
futures
12. A card that is used to deduct a purchase amount directly from your checking account instead of drawing on a line of credit; also called 'check card.'
debit card
mutual fund
rate of return
political risk
13. Debt obligations of state or local governments
municipal bonds
credit report
bankruptcy
stock
14. US treasury security that matures in 2 & 5 & or 10 years
portfolio
US Treasury Notes
Series EE Savings Bond
market risk
15. A payroll deduction collected by employers by law and sent to the state government to support state services.
annual report
spending plan
state income tax
capital gain
16. Brokers who provide clients with analysis and opinions
full-service broker
values
state income tax
opportunity cost
17. Business Weekly & Forbes & Money
well-know financial magazines
universal default
Rule of 72
values
18. Amount of money that is set aside for future purchases
speculative investments
speculative investments
savings
debit card
19. Is a numerical rating - based on credit report information that represents a person's level of creditworthiness
wants
credit union
put-and-take account
credit score
20. Investment choices that will be re-evaluated within a year or less
Temporary investment
mutual funds
financial advisers
corporate bonds
21. A unit of ownership in a corporation
diversification
stocks
spending plan
put-and-take account
22. A technique used for estimating the number of years required to double your money at a given rate
Rule of 72
wants
credit union
market risk
23. The chance that an investment's value will decrease
share account
futures
origination fee
investing risk
24. The maximum amount an insurance company will pay if you file a claim.
annual fee
market risk
initial investing
coverage limit
25. The difference between a lower selling price and a higher purchase price resulting in a financial loss for the seller
credit report
principal
capital loss
annuities
26. Expenses that are not fixed.
state income tax
variable expenses
principal
yield
27. Debt obligations of corporations
over-the-limit fee
discount brokers
corporate bonds
well-known financial newspapers
28. The chance that inflation will rise faster than the rate of return on an investment
Securities and Exchange Commission
interest-rate risk
credit report
financial advisers
29. 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.
futures
strategic investing
time value of money
mutual fund
30. A spending plan for managing money during a given period of time.
budget
initial investing
risk taker
coverage limit
31. The profit from an investment.
periodic or occasional expenses
yield
dividend
universal default
32. The setting aside of money for future use or other investments
pay yourself first - P.Y.F.
checking account
political risk
Series EE Savings Bond
33. 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.
financial advisers
diversification
values
social security tax
34. Merrill Lynch & Fidelity Investments & American Express
well-know full-service brokers
deductible
deductible
delayed gratification
35. Coins & art & memorabilia or other items that are popular from time to time
spyware
collectibles
dollar cost average
variable expenses
36. A payroll deduction collected by employers by law and sent to the state government to support state services.
time value of money
state income tax
origination fee
credit report
37. Another term for budget
over-the-limit fee
periodic or occasional expenses
annual fee
spending plan
38. A goal to be achieved within the next three months.
short term goal
financial advisers
APR - Average Percentage Rate
values
39. Smaller decisions that can result from a major decision.
interest
risk
credit
satellite decisions
40. Investment choices that will be held for long periods
permanent investment
bond
Investing
well-known investor services
41. Summary of a corporation's financial condition
diversification
non-market risk
phishing
annual report
42. The practice of investing a fixed amount into the same investment at regular intervals - regardless of what the stock market is doing.
speculative investments
dollar cost average
put-and-take account
checking account
43. Amount of money that is set aside for future purchases
pay yourself first - P.Y.F.
principal
Temporary investment
savings
44. Brokers who provided little or no information to clients
savings
discount brokers
corporate bonds
stock market
45. The amount of money someone is willing to loan you.
initial investing
principal
interest-rate risk
dividend
46. On a credit card - the length of time you have before you start accumulating interest on an unpaid balance.
grace period
spending plan
share draft account
political risk
47. A chosen pursuit - profession - or occupation
discount brokers
career
stock
diversification
48. The setting aside of money for future use or other investments
Rule of 72
pay yourself first - P.Y.F.
financial advisers
risk averse
49. Investors who take to take chances
credit report
financial advisers
risk taker
real estate
50. The amount of money someone is willing to loan you.
financial pages
debit card
futures
principal