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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 difference between a lower selling price and a higher purchase price resulting in a financial loss for the seller






2. A bank account against which the depositor can draw checks payable on demand.






3. Companies that provide extensive financial data to clients






4. 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.






5. The difference between a lower selling price and a higher purchase price resulting in a financial loss for the seller






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






7. Regular and planned investments






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






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






10. Bold and high-risk investments






11. Investors who are afraid to make investments






12. Discount bonds; a bond purchased for less than the maturity value; example you buy a $50 bond for $25






13. The place where stocks are bought and sold.






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






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






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






17. A term that describes investments on which earnings are not taxed until retirement






18. Associated with owning stock of only one company






19. The practice of investing a fixed amount into the same investment at regular intervals - regardless of what the stock market is doing.






20. An electronic machine that bank customers and credit union members can use to withdraw cash and make other financial transactions.






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






22. Movement of money you receive and the money you spend






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






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






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






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






27. Debt obligations of corporations






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






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






30. A term that describes investments on which earnings are not taxed until retirement






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






32. US treasury security that matures in 30 years






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






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






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






36. Collection of investments






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






38. Things that add comfort and pleasure to your life but you can live without if you need to.






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






40. Bonds designed for investors wanting to protect again inflation losses






41. Earning interest on interest.






42. Another term for budget






43. 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.






44. 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.'






45. A formal contract to repay borrowed money with interest at fixed intervals






46. The chance that an investment's value will decrease






47. A chosen pursuit - profession - or occupation






48. Contacts to buy and sell commodities or stocks for a specific price on a specific date






49. Summary of a corporation's financial condition






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







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


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