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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. A unit of ownership in a corporation
stocks
credit limit
municipal bonds
yield
2. A bank account against which the depositor can draw checks payable on demand.
stock market
checking account
risk averse
wants
3. A government sector that requires all public corporations to make annual reports available to their stockholders
deductible
initial investing
well-known investor services
Securities and Exchange Commission
4. The difference between a lower selling price and a higher purchase price resulting in a financial loss for the seller
risk management
Securities and Exchange Commission
put-and-take account
capital loss
5. Companies that provide extensive financial data to clients
yield
investor services
credit history
well-know financial magazines
6. Property consisting of houses and land
principal
risk averse
real estate
compounding interest rate
7. The idea that money today is worth more than the same amount of money in the future due to its potential earning capacity.
Securities and Exchange Commission
short term goal
time value of money
well-known discount brokers
8. 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.
Rule of 72
share draft account
penny stocks
put-and-take account
9. Uncontrollable and unpredictable events that cause an investment to lose value
budget
risk management
risk management
non-market risk
10. Debt obligations of state or local governments
municipal bonds
annuities
risk management
stock market
11. A detailed record of your personal credit and financial transactions.
spyware
credit report
full-service broker
political risk
12. Wall Street Journal and Barron's
interest-rate risk
well-known financial newspapers
chapter 13
savings account
13. Reducing investment risk by putting money in several different types of investments.
universal default
diversification
short term goal
opportunity cost
14. Low-priced stocks of small companies that have no track record
well-known discount brokers
penny stocks
APR - Average Percentage Rate
interest-rate risk
15. Things that add comfort and pleasure to your life but you can live without if you need to.
stocks
permanent investment
wants
penny stocks
16. The difference between a higher selling price and a lower purchase price - resulting in a financial gain for the seller
company risk
credit union
capital gain
annual fee
17. A spending plan for managing money during a given period of time.
budget
well-known financial newspapers
financial advisers
mutual fund
18. A form of bankruptcy that allows you to erase most of your debt.
chapter 7
political risk
penny stocks
maturity date
19. The increase or decrease in the original purchase price of an investment over a period of time.
annuities
chapter 7
rate of return
US Treasury Notes
20. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail or pop-up messages.
phishing
credit history
interest-rate risk
APR - Average Percentage Rate
21. A government sector that requires all public corporations to make annual reports available to their stockholders
well-know full-service brokers
credit
Securities and Exchange Commission
permanent investment
22. The practice of investing a fixed amount into the same investment at regular intervals - regardless of what the stock market is doing.
systematic investing
credit union
speculative investments
dollar cost average
23. 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
phishing
grace period
dividend
24. A term that describes investments on which earnings are not taxed until retirement
non-market risk
financial pages
tax deferred
credit report
25. 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.
over-the-limit fee
risk taker
social security tax
rate of return
26. 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.
discount brokers
spyware
wants
principal
27. Losses in an investment as a result of the business cycle
well-known investor services
US Treasury Notes
market risk
social security tax
28. An amount of money that is loaned on trust with the expectation that it will be repaid at a later date.
credit
non-market risk
capital loss
wants
29. Is a numerical rating - based on credit report information that represents a person's level of creditworthiness
credit score
financial advisers
bankruptcy
deductible
30. Things that add comfort and pleasure to your life but you can live without if you need to.
spending plan
wants
phishing
bankruptcy
31. The difference between a lower selling price and a higher purchase price resulting in a financial loss for the seller
time value of money
ATM - Automatic Teller Machine
capital loss
checking account
32. Actions that the government might take that would reduce the value of an investment
systematic investing
initial investing
political risk
capital gain
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.
company risk
well-know financial magazines
short term goal
APR - Average Percentage Rate
34. The right & not the obligation & to buy or sell commodities or stocks for a specific price on a specific date
options
spending plan
real estate
dollar cost average
35. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail or pop-up messages.
debt
well-know financial magazines
phishing
well-known investor services
36. Management of investment alternatives to maximize the growth of your portfolio
Rule of 72
strategic investing
tax deferred
US Treasury Bills
37. An amount that credit card companies can charge for the use of a credit card.
annual fee
financial advisers
interest
annuities
38. The amount a corporation borrowed in a bond situation
principal
values
interest-rate risk
credit history
39. Fee on credit card for making charges above your credit limit.
over-the-limit fee
chapter 13
origination fee
credit history
40. Bonds designed for investors wanting to protect again inflation losses
dividend
Series I Savings Bond
checking account
Personal Identification Number - PIN
41. Investing with a series of regular payments; usually associated with life insurance companies
capital loss
annuities
well-known financial newspapers
debit card
42. Actions that the government might take that would reduce the value of an investment
political risk
options
stock market
interest-rate risk
43. Debt obligations of corporations
corporate bonds
risk
time value of money
values
44. Another term for budget
US Treasury Bonds
time value of money
social security tax
spending plan
45. 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.
APR - Average Percentage Rate
variable expenses
Temporary investment
spyware
46. An amount of money that is loaned on trust with the expectation that it will be repaid at a later date.
origination fee
initial investing
credit
tax deferred
47. The value of What is given up when you choose one option over another.
risk
periodic or occasional expenses
over-the-limit fee
opportunity cost
48. An electronic machine that bank customers and credit union members can use to withdraw cash and make other financial transactions.
ATM - Automatic Teller Machine
satellite decisions
initial investing
credit score
49. Investment choices that will be held for long periods
stock
social security tax
stocks
permanent investment
50. The difference between a higher selling price and a lower purchase price - resulting in a financial gain for the seller
financial pages
career
capital gain
well-know full-service brokers
Can you answer 50 questions in 15 minutes?
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