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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 place where stocks are bought and sold.
universal default
spyware
stock market
maturity date
2. The profit from an investment.
budget
savings
annual report
yield
3. The amount a corporation pays at a fixed amount when repaying a bond
discount brokers
speculative investments
dollar cost average
interest
4. Property consisting of houses and land
real estate
maturity date
spending plan
spyware
5. Management of investment alternatives to maximize the growth of your portfolio
US Treasury Notes
stock market
industry risk
strategic investing
6. 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.
company risk
career
periodic or occasional expenses
social security tax
7. The difference between a lower selling price and a higher purchase price resulting in a financial loss for the seller
capital loss
credit union
periodic or occasional expenses
options
8. Associated with owning stock of only one company
penny stocks
financial pages
capital loss
company risk
9. A goal to be achieved within the next three months.
dividend
short term goal
well-know full-service brokers
investor services
10. The setting aside of money for future use or other investments
bank
deductible
political risk
pay yourself first - P.Y.F.
11. Uncontrollable and unpredictable events that cause an investment to lose value
Rule of 72
origination fee
short term goal
non-market risk
12. The amount a corporation borrowed in a bond situation
bank
credit score
Series I Savings Bond
principal
13. A formal contract to repay borrowed money with interest at fixed intervals
periodic or occasional expenses
real estate
credit
bond
14. Is a numerical rating - based on credit report information that represents a person's level of creditworthiness
well-known investor services
credit score
chapter 7
diversification
15. The credit union term for a checking account.
over-the-limit fee
share draft account
savings
pay yourself first - P.Y.F.
16. A chosen pursuit - profession - or occupation
put-and-take account
compounding interest rate
career
chapter 13
17. Associated with owning stock of similar groups of businesses
maturity date
debt
ATM - Automatic Teller Machine
industry risk
18. The portion of the profits paid to the shareholders of a company.
state income tax
collectibles
bond
dividend
19. A summary of a person's borrowing and repayment history.
share draft account
time value of money
credit history
credit
20. Regular and planned investments
systematic investing
annuities
grace period
time value of money
21. The credit union term for a savings account.
share account
financial advisers
bankruptcy
Personal Identification Number - PIN
22. A payroll deduction collected by employers by law and sent to the state government to support state services.
share account
capital loss
state income tax
options
23. The total amount of what it costs you to use credit in a given year. It is expressed as a percentage of the amount borrowed.
municipal bonds
Temporary investment
APR - Average Percentage Rate
principal
24. The amount of money someone is willing to loan you.
annuities
credit history
futures
principal
25. Investment choices that will be re-evaluated within a year or less
interest
credit union
Temporary investment
phishing
26. Debt obligations of corporations
corporate bonds
share account
risk taker
bank
27. An amount that credit card companies can charge for the use of a credit card.
checking account
stocks
annual fee
chapter 7
28. Actions that the government might take that would reduce the value of an investment
political risk
collectibles
permanent investment
annual report
29. Bonds designed for investors wanting to protect again inflation losses
Series I Savings Bond
share account
risk
risk management
30. 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
dividend
tax deferred
initial investing
31. Fee on credit card for making charges above your credit limit.
ATM - Automatic Teller Machine
periodic or occasional expenses
over-the-limit fee
tax deferred
32. An electronic machine that bank customers and credit union members can use to withdraw cash and make other financial transactions.
mutual funds
political risk
ATM - Automatic Teller Machine
options
33. Discount bonds; a bond purchased for less than the maturity value; example you buy a $50 bond for $25
portfolio
investing risk
Series EE Savings Bond
APR - Average Percentage Rate
34. The entire amount of money you owe to lenders
initial investing
permanent investment
spending plan
debt
35. A for-profit company that is owned by its stockholders and provides savings and checking accounts and other financial services to its customers.
Temporary investment
state income tax
initial investing
bank
36. Earning interest on interest.
capital gain
compounding interest rate
Temporary investment
savings
37. Conservative investing; used when you have 'excess' savings
initial investing
chapter 13
US Treasury Bonds
well-know financial magazines
38. The maximum amount an insurance company will pay if you file a claim.
credit limit
coverage limit
non-market risk
spyware
39. Coins & art & memorabilia or other items that are popular from time to time
capital loss
collectibles
credit history
investor services
40. The amount a corporation borrowed in a bond situation
principal
political risk
periodic or occasional expenses
credit score
41. Wall Street Journal and Barron's
career
Rule of 72
well-known financial newspapers
universal default
42. Actions that the government might take that would reduce the value of an investment
market risk
political risk
debit card
principal
43. A form of bankruptcy that allows you to repay many of your debts over a period of time - usually no more than five years.
coverage limit
share account
mutual fund
chapter 13
44. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail or pop-up messages.
capital gain
values
phishing
debit card
45. A certificate documenting the shareholder's ownership in the corporation
spyware
collectibles
capital loss
stock
46. Companies that provide extensive financial data to clients
Investing
investor services
municipal bonds
annual report
47. A summary of a person's borrowing and repayment history.
Personal Identification Number - PIN
Rule of 72
pay yourself first - P.Y.F.
credit history
48. On a credit card - the length of time you have before you start accumulating interest on an unpaid balance.
credit
grace period
Series I Savings Bond
Securities and Exchange Commission
49. Amount of money that is set aside for future purchases
annual report
savings
well-know full-service brokers
mutual funds
50. The belief - qualities - or standards that you consider important or desirable.
satellite decisions
variable expenses
tax deferred
values