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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. The credit union term for a savings account.
non-market risk
share account
credit report
strategic investing
2. The amount of money someone is willing to loan you.
investing risk
principal
financial advisers
initial investing
3. The chance that an investment's value will decrease
investing risk
diversification
US Treasury Bonds
bond
4. Standard and Poor's and Moody's
well-known investor services
rate of return
yield
dollar cost average
5. Bonds designed for investors wanting to protect again inflation losses
grace period
Series I Savings Bond
share account
Securities and Exchange Commission
6. 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.
well-know full-service brokers
Rule of 72
annuities
mutual fund
7. Investors who take to take chances
credit score
debit card
tax deferred
risk taker
8. An electronic machine that bank customers and credit union members can use to withdraw cash and make other financial transactions.
wants
ATM - Automatic Teller Machine
US Treasury Notes
satellite decisions
9. The value of What is given up when you choose one option over another.
savings account
opportunity cost
credit union
industry risk
10. A formal contract to repay borrowed money with interest at fixed intervals
principal
debit card
Securities and Exchange Commission
bond
11. Movement of money you receive and the money you spend
spyware
Investing
speculative investments
cash flow
12. US treasury security that matures in 30 years
budget
bankruptcy
spending plan
US Treasury Bonds
13. 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.
grace period
spyware
risk
investing risk
14. The process of dealing with the chance of a potential personal or financial loss.
US Treasury Bills
credit limit
state income tax
risk management
15. Bold and high-risk investments
values
speculative investments
investor services
investor services
16. Investors who are afraid to make investments
risk averse
capital loss
universal default
maturity date
17. On a credit card - the length of time you have before you start accumulating interest on an unpaid balance.
grace period
risk management
well-known financial newspapers
full-service broker
18. Business Weekly & Forbes & Money
risk averse
well-know financial magazines
credit limit
Series EE Savings Bond
19. The portion of the profits paid to the shareholders of a company.
dividend
discount brokers
periodic or occasional expenses
speculative investments
20. The use of long-term savings to earn a financial return
investor services
Investing
futures
delayed gratification
21. 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.
industry risk
systematic investing
bankruptcy
spyware
22. Smaller decisions that can result from a major decision.
coverage limit
variable expenses
chapter 13
satellite decisions
23. Expenses that are not fixed.
well-known discount brokers
variable expenses
budget
grace period
24. People trained to give investment advise based on your goals & age & lifestyle & etc
financial advisers
credit score
well-known investor services
chapter 13
25. The unique passcode number you use to get access to your savings and/or checking account
dividend
delayed gratification
well-known investor services
Personal Identification Number - PIN
26. A detailed record of your personal credit and financial transactions.
credit report
annual report
US Treasury Notes
Personal Identification Number - PIN
27. People trained to give investment advise based on your goals & age & lifestyle & etc
financial advisers
satellite decisions
financial pages
dollar cost average
28. 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.
permanent investment
compounding interest rate
social security tax
bankruptcy
29. A for-profit company that is owned by its stockholders and provides savings and checking accounts and other financial services to its customers.
bank
real estate
risk management
delayed gratification
30. The chance that inflation will rise faster than the rate of return on an investment
well-known discount brokers
credit
interest-rate risk
portfolio
31. 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.
savings account
municipal bonds
discount brokers
portfolio
32. Brokers who provided little or no information to clients
Temporary investment
bond
risk taker
discount brokers
33. Maximum amount of credit a lender will extend to a customer.
budget
credit limit
stock market
US Treasury Notes
34. The date on which the borrowed money must be repaid
well-known investor services
credit union
maturity date
cash flow
35. Investment choices that will be re-evaluated within a year or less
stock market
Temporary investment
bank
cash flow
36. On a credit card - the length of time you have before you start accumulating interest on an unpaid balance.
Series EE Savings Bond
penny stocks
wants
grace period
37. A unit of ownership in a corporation
chapter 13
inflation
systematic investing
stocks
38. Movement of money you receive and the money you spend
cash flow
well-known financial newspapers
Temporary investment
capital loss
39. A general and progressive increase in prices
yield
periodic or occasional expenses
inflation
diversification
40. The place where stocks are bought and sold.
Personal Identification Number - PIN
risk
stock market
well-known financial newspapers
41. Wall Street Journal and Barron's
wants
diversification
dividend
well-known financial newspapers
42. US treasury security that matures from a few days to one year
put-and-take account
investor services
US Treasury Bills
annual fee
43. The amount a corporation borrowed in a bond situation
principal
credit report
inflation
wants
44. 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.
Rule of 72
universal default
Personal Identification Number - PIN
bond
45. A certificate documenting the shareholder's ownership in the corporation
phishing
stock
US Treasury Notes
futures
46. The setting aside of money for future use or other investments
diversification
origination fee
opportunity cost
pay yourself first - P.Y.F.
47. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail or pop-up messages.
annual report
systematic investing
initial investing
phishing
48. Newspapers list of securities
credit report
financial pages
systematic investing
penny stocks
49. The idea that money today is worth more than the same amount of money in the future due to its potential earning capacity.
corporate bonds
delayed gratification
time value of money
satellite decisions
50. Merrill Lynch & Fidelity Investments & American Express
well-know full-service brokers
full-service broker
stocks
grace period