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. Merrill Lynch & Fidelity Investments & American Express






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






3. US treasury security that matures in 30 years






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






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






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






7. Bold and high-risk investments






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






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






10. A chosen pursuit - profession - or occupation






11. Standard and Poor's and Moody's






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






13. Bold and high-risk investments






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






15. Associated with owning stock of only one company






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






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






18. Brokers who provide clients with analysis and opinions






19. The value of What is given up when you choose one option over another.






20. Investors who are afraid to make investments






21. Property consisting of houses and land






22. 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.






23. 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.'






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






25. Collection of investments






26. Wall Street Journal and Barron's






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






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






29. Collection of investments






30. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail or pop-up messages.






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






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






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






34. Associated with owning stock of only one company






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






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






37. Brokers who provide clients with analysis and opinions






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






39. 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.






40. Debt obligations of state or local governments






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






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






43. Another term for budget






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






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






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






47. A unit of ownership in a corporation






48. The amount of a loss you must pay out of your own pocket before the insurance company will step in and pay the rest.






49. The setting aside of money for future use or other investments






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