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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. Regular and planned investments
real estate
interest
systematic investing
well-know full-service brokers
2. The right & not the obligation & to buy or sell commodities or stocks for a specific price on a specific date
interest
options
well-known financial newspapers
US Treasury Bonds
3. The amount a corporation pays at a fixed amount when repaying a bond
interest
annual report
APR - Average Percentage Rate
risk
4. Wall Street Journal and Barron's
Rule of 72
well-known financial newspapers
dividend
financial advisers
5. Uncontrollable and unpredictable events that cause an investment to lose value
bond
risk taker
non-market risk
diversification
6. Summary of a corporation's financial condition
principal
annual report
Investing
Rule of 72
7. The idea that money today is worth more than the same amount of money in the future due to its potential earning capacity.
time value of money
futures
credit limit
discount brokers
8. Charles Schwab & TD Ameritrade & E*TRADE
well-known discount brokers
capital loss
share account
put-and-take account
9. A payroll deduction collected by employers by law and sent to the state government to support state services.
Series I Savings Bond
put-and-take account
Rule of 72
state income tax
10. A financial institution owned by its members that provides savings and checking accounts and other services to its membership at low fees.
capital loss
credit union
well-know financial magazines
bankruptcy
11. The use of long-term savings to earn a financial return
Investing
principal
full-service broker
social security tax
12. A legal process to get out of debt when you can no longer make all your required payments.
compounding interest rate
bankruptcy
well-known financial newspapers
Securities and Exchange Commission
13. The setting aside of money for future use or other investments
pay yourself first - P.Y.F.
tax deferred
systematic investing
deductible
14. A chosen pursuit - profession - or occupation
chapter 7
career
savings account
annuities
15. People trained to give investment advise based on your goals & age & lifestyle & etc
financial advisers
satellite decisions
strategic investing
US Treasury Bonds
16. Discount bonds; a bond purchased for less than the maturity value; example you buy a $50 bond for $25
risk
periodic or occasional expenses
values
Series EE Savings Bond
17. A financial institution owned by its members that provides savings and checking accounts and other services to its membership at low fees.
US Treasury Bonds
credit union
strategic investing
well-know full-service brokers
18. A goal to be achieved within the next three months.
checking account
short term goal
well-know full-service brokers
collectibles
19. The right & not the obligation & to buy or sell commodities or stocks for a specific price on a specific date
credit
dividend
options
stocks
20. Movement of money you receive and the money you spend
futures
social security tax
cash flow
investing risk
21. 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
capital gain
principal
origination fee
22. The process of dealing with the chance of a potential personal or financial loss.
savings
risk management
periodic or occasional expenses
origination fee
23. Brokers who provide clients with analysis and opinions
options
full-service broker
risk taker
savings
24. Standard and Poor's and Moody's
municipal bonds
collectibles
well-known investor services
Series I Savings Bond
25. On a credit card - the length of time you have before you start accumulating interest on an unpaid balance.
short term goal
periodic or occasional expenses
grace period
cash flow
26. 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.
social security tax
opportunity cost
industry risk
periodic or occasional expenses
27. A unit of ownership in a corporation
Personal Identification Number - PIN
debit card
yield
stocks
28. Charles Schwab & TD Ameritrade & E*TRADE
investor services
diversification
well-known discount brokers
ATM - Automatic Teller Machine
29. Investing with a series of regular payments; usually associated with life insurance companies
tax deferred
Personal Identification Number - PIN
annuities
diversification
30. 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.
chapter 13
satellite decisions
principal
APR - Average Percentage Rate
31. Investment choices that will be held for long periods
Investing
spyware
permanent investment
career
32. A term that describes investments on which earnings are not taxed until retirement
tax deferred
US Treasury Bonds
wants
Rule of 72
33. Things that add comfort and pleasure to your life but you can live without if you need to.
tax deferred
risk averse
stocks
wants
34. Is a numerical rating - based on credit report information that represents a person's level of creditworthiness
put-and-take account
spyware
credit score
well-known investor services
35. Wall Street Journal and Barron's
futures
discount brokers
well-known financial newspapers
cash flow
36. 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.
spyware
investing risk
inflation
municipal bonds
37. Investors who are afraid to make investments
risk averse
bank
Securities and Exchange Commission
permanent investment
38. The date on which the borrowed money must be repaid
maturity date
Personal Identification Number - PIN
delayed gratification
stock
39. A legal process to get out of debt when you can no longer make all your required payments.
bankruptcy
rate of return
systematic investing
well-known discount brokers
40. Movement of money you receive and the money you spend
annual report
cash flow
tax deferred
full-service broker
41. US treasury security that matures from a few days to one year
Series I Savings Bond
options
Rule of 72
US Treasury Bills
42. A government sector that requires all public corporations to make annual reports available to their stockholders
Securities and Exchange Commission
permanent investment
debt
wants
43. The place where stocks are bought and sold.
wants
state income tax
stock market
corporate bonds
44. The practice of investing a fixed amount into the same investment at regular intervals - regardless of what the stock market is doing.
investor services
dollar cost average
credit history
non-market risk
45. Low-priced stocks of small companies that have no track record
penny stocks
pay yourself first - P.Y.F.
capital gain
risk averse
46. Another term for budget
deductible
share account
speculative investments
spending plan
47. Money used for short-term needs like emergencies; advisers recommend three to six months' net pay for set aside for this
stock
wants
put-and-take account
credit union
48. The profit from an investment.
share account
spyware
yield
savings account
49. Contacts to buy and sell commodities or stocks for a specific price on a specific date
futures
credit limit
principal
ATM - Automatic Teller Machine
50. An electronic machine that bank customers and credit union members can use to withdraw cash and make other financial transactions.
origination fee
well-known discount brokers
ATM - Automatic Teller Machine
social security tax
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