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. Regular and planned investments






2. A government sector that requires all public corporations to make annual reports available to their stockholders






3. Debt obligations of state or local governments






4. A unit of ownership in a corporation






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






6. Standard and Poor's and Moody's






7. Earning interest on interest.






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






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






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






11. An amount that credit card companies can charge for the use of a credit card.






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






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






14. Merrill Lynch & Fidelity Investments & American Express






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






16. A chosen pursuit - profession - or occupation






17. Summary of a corporation's financial condition






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






19. Uncontrollable and unpredictable events that cause an investment to lose value






20. Coins & art & memorabilia or other items that are popular from time to time






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






22. Standard and Poor's and Moody's






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






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






25. A technique used for estimating the number of years required to double your money at a given rate






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






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






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






29. Is a numerical rating - based on credit report information that represents a person's level of creditworthiness






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






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






32. Debt obligations of corporations






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






34. Expenses that are not fixed.






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






36. The credit union term for a checking account.






37. 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.






38. Brokers who provided little or no information to clients






39. The amount a corporation borrowed in a bond situation






40. The process of dealing with the chance of a potential personal or financial loss.






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






42. The credit union term for a savings account.






43. Newspapers list of securities






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






45. 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.'






46. 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.






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






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






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






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