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






2. Companies that provide extensive financial data to clients






3. Standard and Poor's and Moody's






4. Losses in an investment as a result of the business cycle






5. Business Weekly & Forbes & Money






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






7. Bold and high-risk investments






8. A unit of ownership in a corporation






9. Brokers who provide clients with analysis and opinions






10. A form of bankruptcy that allows you to repay many of your debts over a period of time - usually no more than five years.






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






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






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






14. Property consisting of houses and land






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






16. Expenses that are not fixed.






17. The entire amount of money you owe to lenders






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






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






20. Associated with owning stock of similar groups of businesses






21. A certificate documenting the shareholder's ownership in the corporation






22. The amount a corporation borrowed in a bond situation






23. Expenses that are not fixed.






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






25. The chance that inflation will rise faster than the rate of return on an investment






26. A payroll deduction collected by employers by law and sent to the state government to support state services.






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






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






29. Investors who take to take chances






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






31. 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.






32. A chosen pursuit - profession - or occupation






33. 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.






34. 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.






35. Merrill Lynch & Fidelity Investments & American Express






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






37. Bold and high-risk investments






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






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






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






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






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






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






44. A formal contract to repay borrowed money with interest at fixed intervals






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






46. Wall Street Journal and Barron's






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






48. Reducing investment risk by putting money in several different types of investments.






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






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







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Can you answer 50 questions in 15 minutes?


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