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. The amount a corporation borrowed in a bond situation






2. A unit of ownership in a corporation






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






4. Investors who take to take chances






5. Business Weekly & Forbes & Money






6. The belief - qualities - or standards that you consider important or desirable.






7. An electronic machine that bank customers and credit union members can use to withdraw cash and make other financial transactions.






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






9. Investing with a series of regular payments; usually associated with life insurance companies






10. Another term for budget






11. Expenses that are not fixed.






12. Investors who are afraid to make investments






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






14. Property consisting of houses and land






15. The profit from an investment.






16. 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.'






17. 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.






18. Earning interest on interest.






19. A unit of ownership in a corporation






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






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






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






23. Debt obligations of corporations






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






25. Companies that provide extensive financial data to clients






26. The use of long-term savings to earn a financial return






27. Bold and high-risk investments






28. Low-priced stocks of small companies that have no track record






29. US treasury security that matures from a few days to one year






30. An electronic machine that bank customers and credit union members can use to withdraw cash and make other financial transactions.






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






32. Bold and high-risk investments






33. US treasury security that matures from a few days to one year






34. A financial institution owned by its members that provides savings and checking accounts and other services to its membership at low fees.






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






36. The credit union term for a savings account.






37. An amount of money that is loaned on trust with the expectation that it will be repaid at a later date.






38. Newspapers list of securities






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






40. The unique passcode number you use to get access to your savings and/or checking account






41. 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.






42. A detailed record of your personal credit and financial transactions.






43. Collection of investments






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






45. A financial institution owned by its members that provides savings and checking accounts and other services to its membership at low fees.






46. Standard and Poor's and Moody's






47. A chosen pursuit - profession - or occupation






48. Movement of money you receive and the money you spend






49. US treasury security that matures in 30 years






50. Low-priced stocks of small companies that have no track record