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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. The date on which the borrowed money must be repaid






2. Wall Street Journal and Barron's






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






4. The increase or decrease in the original purchase price of an investment over a period of time.






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






6. Money used for short-term needs like emergencies; advisers recommend three to six months' net pay for set aside for this






7. Brokers who provide clients with analysis and opinions






8. Property consisting of houses and land






9. A certificate documenting the shareholder's ownership in the corporation






10. Low-priced stocks of small companies that have no track record






11. Another term for budget






12. Earning interest on interest.






13. 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.






14. A fee charged to a borrower (especially for a mortgage loan) to cover the costs of initiating the loan.






15. A clause included in many credit card company agreements that allows a credit card company to increase your interest rate if you make just one late payment.






16. Newspapers list of securities






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






18. Regular and planned investments






19. The place where stocks are bought and sold.






20. The entire amount of money you owe to lenders






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






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






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






24. The probability that injury - damage - or loss will occur.






25. Debt obligations of corporations






26. The profit from an investment.






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






28. Business Weekly & Forbes & Money






29. 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.






30. The credit union term for a savings account.






31. Maximum amount of credit a lender will extend to a customer.






32. Investing with a series of regular payments; usually associated with life insurance companies






33. 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.






34. Money used for short-term needs like emergencies; advisers recommend three to six months' net pay for set aside for this






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






36. The maximum amount an insurance company will pay if you file a claim.






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






38. The willingness to give up something you want now in return for something better in the future.






39. 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.'






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






41. The credit union term for a checking account.






42. US treasury security that matures in 30 years






43. Pooling of money from many investors to buy a large & diverse selection of securities






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






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






46. A legal process to get out of debt when you can no longer make all your required payments.






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






48. The place where stocks are bought and sold.






49. A detailed record of your personal credit and financial transactions.






50. 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.







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


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