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. Business Weekly & Forbes & Money






2. A mathematical method that can be used to show how long it will take to double your money in an investment simply by dividing 72 by the rate of interest.






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






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






5. Summary of a corporation's financial condition






6. Regular and planned investments






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






8. 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.






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






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






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






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






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






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






15. 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.'






16. Bonds designed for investors wanting to protect again inflation losses






17. Investors who take to take chances






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






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






20. A chosen pursuit - profession - or occupation






21. The amount a corporation borrowed in a bond situation






22. A mathematical method that can be used to show how long it will take to double your money in an investment simply by dividing 72 by the rate of interest.






23. The date on which the borrowed money must be repaid






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






25. The place where stocks are bought and sold.






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






27. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail or pop-up messages.






28. A summary of a person's borrowing and repayment history.






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






30. The place where stocks are bought and sold.






31. Debt obligations of state or local governments






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






33. A unit of ownership in a corporation






34. Fee on credit card for making charges above your credit limit.






35. Maximum amount of credit a lender will extend to a customer.






36. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail or pop-up messages.






37. The idea that money today is worth more than the same amount of money in the future due to its potential earning capacity.






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






39. Collection of investments






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






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






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






43. Expenses that are not fixed.






44. The maximum amount an insurance company will pay if you file a claim.






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






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






47. Merrill Lynch & Fidelity Investments & American Express






48. A chosen pursuit - profession - or occupation






49. Maximum amount of credit a lender will extend to a customer.






50. Standard and Poor's and Moody's