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. Companies that provide extensive financial data to clients






2. Property consisting of houses and land






3. Regular and planned investments






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






5. The credit union term for a checking account.






6. Uncontrollable and unpredictable events that cause an investment to lose value






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






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






9. Wall Street Journal and Barron's






10. A chosen pursuit - profession - or occupation






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






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






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






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






15. Summary of a corporation's financial condition






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






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






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






19. Associated with owning stock of similar groups of businesses






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






21. Newspapers list of securities






22. Standard and Poor's and Moody's






23. A general and progressive increase in prices






24. The willingness to give up something you want now in return for something better in the future.






25. 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.






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






27. Conservative investing; used when you have 'excess' savings






28. The increase or decrease in the original purchase price of an investment over a period of time.






29. Uncontrollable and unpredictable events that cause an investment to lose value






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






31. 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.






32. The credit union term for a checking account.






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






34. Bold and high-risk investments






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






36. A term that describes investments on which earnings are not taxed until retirement






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






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






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






40. Business Weekly & Forbes & Money






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






42. Earning interest on interest.






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






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






45. Investors who take to take chances






46. Bold and high-risk investments






47. The place where stocks are bought and sold.






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






49. The chance that an investment's value will decrease






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