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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. The amount a corporation borrowed in a bond situation
tax deferred
credit limit
principal
stock
2. A unit of ownership in a corporation
Rule of 72
stocks
checking account
opportunity cost
3. The difference between a higher selling price and a lower purchase price - resulting in a financial gain for the seller
capital gain
diversification
pay yourself first - P.Y.F.
US Treasury Bills
4. Investors who take to take chances
debt
Series I Savings Bond
financial pages
risk taker
5. Business Weekly & Forbes & Money
well-known financial newspapers
systematic investing
corporate bonds
well-know financial magazines
6. The belief - qualities - or standards that you consider important or desirable.
values
credit report
chapter 7
US Treasury Bills
7. An electronic machine that bank customers and credit union members can use to withdraw cash and make other financial transactions.
inflation
non-market risk
satellite decisions
ATM - Automatic Teller Machine
8. The idea that money today is worth more than the same amount of money in the future due to its potential earning capacity.
mutual funds
put-and-take account
APR - Average Percentage Rate
time value of money
9. Investing with a series of regular payments; usually associated with life insurance companies
grace period
annuities
initial investing
interest
10. Another term for budget
full-service broker
values
spending plan
capital gain
11. Expenses that are not fixed.
tax deferred
debit card
budget
variable expenses
12. Investors who are afraid to make investments
corporate bonds
strategic investing
risk averse
opportunity cost
13. Expenses that aren't paid every month and can be either fixed or variable.
periodic or occasional expenses
universal default
Temporary investment
well-known discount brokers
14. Property consisting of houses and land
satellite decisions
Series EE Savings Bond
real estate
interest
15. The profit from an investment.
delayed gratification
US Treasury Notes
yield
capital gain
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.'
origination fee
debit card
options
Rule of 72
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.
annual fee
municipal bonds
bond
spyware
18. Earning interest on interest.
risk
credit union
compounding interest rate
credit history
19. A unit of ownership in a corporation
stock
checking account
universal default
stocks
20. The chance that an investment's value will decrease
annual report
investing risk
savings account
annual fee
21. Spreading risk among many types of investments; one way to minimize risk
diversification
values
US Treasury Notes
satellite decisions
22. Conservative investing; used when you have 'excess' savings
social security tax
political risk
initial investing
penny stocks
23. Debt obligations of corporations
annual fee
corporate bonds
industry risk
permanent investment
24. The practice of investing a fixed amount into the same investment at regular intervals - regardless of what the stock market is doing.
dollar cost average
savings
financial advisers
Securities and Exchange Commission
25. Companies that provide extensive financial data to clients
savings account
systematic investing
well-known financial newspapers
investor services
26. The use of long-term savings to earn a financial return
annual report
Investing
credit union
corporate bonds
27. Bold and high-risk investments
speculative investments
systematic investing
origination fee
chapter 7
28. Low-priced stocks of small companies that have no track record
financial pages
US Treasury Bills
penny stocks
cash flow
29. US treasury security that matures from a few days to one year
strategic investing
Securities and Exchange Commission
US Treasury Bills
put-and-take account
30. An electronic machine that bank customers and credit union members can use to withdraw cash and make other financial transactions.
short term goal
grace period
ATM - Automatic Teller Machine
rate of return
31. Things that add comfort and pleasure to your life but you can live without if you need to.
investor services
wants
principal
universal default
32. Bold and high-risk investments
variable expenses
non-market risk
speculative investments
inflation
33. US treasury security that matures from a few days to one year
US Treasury Bills
debt
dividend
dividend
34. A financial institution owned by its members that provides savings and checking accounts and other services to its membership at low fees.
principal
credit limit
credit union
bankruptcy
35. The willingness to give up something you want now in return for something better in the future.
delayed gratification
compounding interest rate
strategic investing
bank
36. The credit union term for a savings account.
career
annual report
portfolio
share account
37. An amount of money that is loaned on trust with the expectation that it will be repaid at a later date.
risk averse
cash flow
credit
systematic investing
38. Newspapers list of securities
capital gain
financial pages
capital loss
credit
39. The amount a corporation pays at a fixed amount when repaying a bond
periodic or occasional expenses
over-the-limit fee
interest
Securities and Exchange Commission
40. The unique passcode number you use to get access to your savings and/or checking account
dollar cost average
wants
debit card
Personal Identification Number - PIN
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.
credit
debit card
savings account
tax deferred
42. A detailed record of your personal credit and financial transactions.
opportunity cost
annual fee
credit report
annual report
43. Collection of investments
social security tax
wants
portfolio
stocks
44. Smaller decisions that can result from a major decision.
satellite decisions
stocks
spending plan
permanent investment
45. A financial institution owned by its members that provides savings and checking accounts and other services to its membership at low fees.
chapter 13
credit union
maturity date
values
46. Standard and Poor's and Moody's
collectibles
bank
well-known investor services
satellite decisions
47. A chosen pursuit - profession - or occupation
credit limit
career
chapter 7
risk
48. Movement of money you receive and the money you spend
savings account
cash flow
inflation
bankruptcy
49. US treasury security that matures in 30 years
grace period
share draft account
US Treasury Bonds
budget
50. Low-priced stocks of small companies that have no track record
penny stocks
mutual funds
annuities
spyware