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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.
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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 idea that money today is worth more than the same amount of money in the future due to its potential earning capacity.
debit card
origination fee
well-know full-service brokers
time value of money
2. Merrill Lynch & Fidelity Investments & American Express
futures
diversification
well-know full-service brokers
annual report
3. The credit union term for a checking account.
share draft account
systematic investing
variable expenses
stock market
4. The chance that inflation will rise faster than the rate of return on an investment
interest-rate risk
financial pages
US Treasury Bills
maturity date
5. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail or pop-up messages.
portfolio
industry risk
APR - Average Percentage Rate
phishing
6. Associated with owning stock of only one company
industry risk
capital gain
grace period
company risk
7. Another term for budget
annuities
risk averse
spending plan
share account
8. The probability that injury - damage - or loss will occur.
risk
credit union
well-know full-service brokers
stocks
9. A general and progressive increase in prices
full-service broker
inflation
diversification
portfolio
10. An amount that credit card companies can charge for the use of a credit card.
risk
diversification
annual fee
annuities
11. 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.'
mutual fund
debit card
strategic investing
interest
12. A legal process to get out of debt when you can no longer make all your required payments.
ATM - Automatic Teller Machine
stocks
futures
bankruptcy
13. Charles Schwab & TD Ameritrade & E*TRADE
budget
well-known discount brokers
bank
credit union
14. Property consisting of houses and land
company risk
real estate
bond
interest-rate risk
15. People trained to give investment advise based on your goals & age & lifestyle & etc
capital loss
financial advisers
dividend
discount brokers
16. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail or pop-up messages.
Investing
capital gain
phishing
cash flow
17. Associated with owning stock of only one company
rate of return
real estate
company risk
periodic or occasional expenses
18. The increase or decrease in the original purchase price of an investment over a period of time.
risk averse
industry risk
dollar cost average
rate of return
19. 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.
stocks
savings account
diversification
US Treasury Bills
20. The amount of money someone is willing to loan you.
systematic investing
principal
bankruptcy
market risk
21. The amount of a loss you must pay out of your own pocket before the insurance company will step in and pay the rest.
permanent investment
well-known financial newspapers
stocks
deductible
22. Bonds designed for investors wanting to protect again inflation losses
credit union
wants
interest-rate risk
Series I Savings Bond
23. The maximum amount an insurance company will pay if you file a claim.
coverage limit
career
well-know financial magazines
well-known financial newspapers
24. A payroll deduction collected by employers by law and sent to the state government to support state services.
credit report
capital gain
variable expenses
state income tax
25. Amount of money that is set aside for future purchases
grace period
phishing
risk taker
savings
26. US treasury security that matures from a few days to one year
interest
credit union
portfolio
US Treasury Bills
27. US treasury security that matures in 2 & 5 & or 10 years
capital gain
US Treasury Notes
credit score
Series I Savings Bond
28. Management of investment alternatives to maximize the growth of your portfolio
savings
credit
strategic investing
chapter 7
29. 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
spending plan
investor services
options
30. The chance that inflation will rise faster than the rate of return on an investment
phishing
credit report
interest-rate risk
company risk
31. Investment choices that will be re-evaluated within a year or less
Temporary investment
Personal Identification Number - PIN
over-the-limit fee
Rule of 72
32. Contacts to buy and sell commodities or stocks for a specific price on a specific date
speculative investments
futures
capital gain
stock
33. Bonds designed for investors wanting to protect again inflation losses
annual fee
annuities
speculative investments
Series I Savings Bond
34. A bank account against which the depositor can draw checks payable on demand.
risk averse
checking account
coverage limit
periodic or occasional expenses
35. Movement of money you receive and the money you spend
cash flow
dividend
share draft account
well-know full-service brokers
36. Fee on credit card for making charges above your credit limit.
principal
well-know financial magazines
over-the-limit fee
US Treasury Bonds
37. Debt obligations of state or local governments
collectibles
risk management
municipal bonds
company risk
38. 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.
political risk
universal default
credit score
bankruptcy
39. Conservative investing; used when you have 'excess' savings
Personal Identification Number - PIN
credit history
risk management
initial investing
40. The credit union term for a checking account.
universal default
credit limit
phishing
share draft account
41. Brokers who provided little or no information to clients
APR - Average Percentage Rate
discount brokers
systematic investing
tax deferred
42. The use of long-term savings to earn a financial return
Investing
permanent investment
Series I Savings Bond
US Treasury Notes
43. Investment choices that will be held for long periods
savings account
interest-rate risk
permanent investment
financial pages
44. Losses in an investment as a result of the business cycle
Securities and Exchange Commission
collectibles
principal
market risk
45. 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.
savings account
dividend
capital gain
spyware
46. An amount of money that is loaned on trust with the expectation that it will be repaid at a later date.
share draft account
credit
delayed gratification
political risk
47. Discount bonds; a bond purchased for less than the maturity value; example you buy a $50 bond for $25
debt
state income tax
Series EE Savings Bond
annuities
48. Newspapers list of securities
financial pages
well-known discount brokers
bankruptcy
industry risk
49. 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.
mutual fund
mutual funds
initial investing
interest
50. Losses in an investment as a result of the business cycle
checking account
systematic investing
futures
market risk
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