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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 practice of investing a fixed amount into the same investment at regular intervals - regardless of what the stock market is doing.
savings
well-know financial magazines
bankruptcy
dollar cost average
2. The maximum amount an insurance company will pay if you file a claim.
dividend
well-known financial newspapers
coverage limit
interest
3. Investors who take to take chances
bond
capital gain
dividend
risk taker
4. The profit from an investment.
annuities
yield
social security tax
company risk
5. Debt obligations of state or local governments
credit union
variable expenses
share account
municipal bonds
6. A fee charged to a borrower (especially for a mortgage loan) to cover the costs of initiating the loan.
origination fee
checking account
Temporary investment
stock market
7. The place where stocks are bought and sold.
Securities and Exchange Commission
stock market
financial pages
Temporary investment
8. Standard and Poor's and Moody's
debit card
Personal Identification Number - PIN
well-known investor services
credit
9. Contacts to buy and sell commodities or stocks for a specific price on a specific date
futures
company risk
periodic or occasional expenses
US Treasury Notes
10. The maximum amount an insurance company will pay if you file a claim.
coverage limit
principal
principal
futures
11. Collection of investments
portfolio
share draft account
annual fee
spyware
12. Collection of investments
well-known investor services
principal
portfolio
company risk
13. The difference between a higher selling price and a lower purchase price - resulting in a financial gain for the seller
time value of money
risk
capital gain
Securities and Exchange Commission
14. Property consisting of houses and land
maturity date
grace period
Investing
real estate
15. 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.
wants
spyware
political risk
portfolio
16. Investing with a series of regular payments; usually associated with life insurance companies
social security tax
savings account
APR - Average Percentage Rate
annuities
17. Coins & art & memorabilia or other items that are popular from time to time
deductible
collectibles
company risk
market risk
18. A certificate documenting the shareholder's ownership in the corporation
Series EE Savings Bond
investor services
stock
short term goal
19. Investors who take to take chances
financial advisers
investing risk
risk taker
ATM - Automatic Teller Machine
20. The belief - qualities - or standards that you consider important or desirable.
coverage limit
well-known financial newspapers
US Treasury Bills
values
21. 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.
options
savings account
full-service broker
satellite decisions
22. A chosen pursuit - profession - or occupation
chapter 13
Securities and Exchange Commission
career
credit
23. A certificate documenting the shareholder's ownership in the corporation
financial advisers
strategic investing
stock
stocks
24. An amount of money that is loaned on trust with the expectation that it will be repaid at a later date.
credit
Rule of 72
time value of money
Series EE Savings Bond
25. The date on which the borrowed money must be repaid
maturity date
annual fee
phishing
dividend
26. The profit from an investment.
diversification
bond
permanent investment
yield
27. The difference between a lower selling price and a higher purchase price resulting in a financial loss for the seller
US Treasury Bonds
share account
capital loss
phishing
28. The probability that injury - damage - or loss will occur.
Securities and Exchange Commission
chapter 7
risk
over-the-limit fee
29. Property consisting of houses and land
Series EE Savings Bond
savings
real estate
Rule of 72
30. Maximum amount of credit a lender will extend to a customer.
credit limit
penny stocks
spyware
APR - Average Percentage Rate
31. Reducing investment risk by putting money in several different types of investments.
risk
diversification
coverage limit
bank
32. Debt obligations of corporations
social security tax
permanent investment
corporate bonds
US Treasury Bills
33. 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.
capital loss
annual fee
well-known investor services
Rule of 72
34. The amount a corporation borrowed in a bond situation
options
credit score
mutual funds
principal
35. Earning interest on interest.
principal
interest-rate risk
bond
compounding interest rate
36. A chosen pursuit - profession - or occupation
pay yourself first - P.Y.F.
Series I Savings Bond
career
over-the-limit fee
37. Debt obligations of state or local governments
spending plan
coverage limit
penny stocks
municipal bonds
38. Maximum amount of credit a lender will extend to a customer.
credit limit
interest-rate risk
Rule of 72
risk
39. Pooling of money from many investors to buy a large & diverse selection of securities
variable expenses
mutual funds
opportunity cost
credit limit
40. A term that describes investments on which earnings are not taxed until retirement
short term goal
tax deferred
bank
principal
41. Companies that provide extensive financial data to clients
US Treasury Bills
investor services
risk
budget
42. Newspapers list of securities
risk averse
stock market
compounding interest rate
financial pages
43. A bank account against which the depositor can draw checks payable on demand.
portfolio
share draft account
checking account
annual fee
44. Bold and high-risk investments
periodic or occasional expenses
speculative investments
share draft account
annuities
45. A government sector that requires all public corporations to make annual reports available to their stockholders
universal default
well-know financial magazines
Securities and Exchange Commission
mutual fund
46. The willingness to give up something you want now in return for something better in the future.
stock market
delayed gratification
state income tax
bankruptcy
47. 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.
yield
real estate
savings account
full-service broker
48. A bank account against which the depositor can draw checks payable on demand.
bond
checking account
political risk
chapter 13
49. 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.
Series EE Savings Bond
investor services
social security tax
market risk
50. Coins & art & memorabilia or other items that are popular from time to time
collectibles
investing risk
values
credit score