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






2. The date on which the borrowed money must be repaid






3. Newspapers list of securities






4. A form of bankruptcy that allows you to repay many of your debts over a period of time - usually no more than five years.






5. Brokers who provide clients with analysis and opinions






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






7. On a credit card - the length of time you have before you start accumulating interest on an unpaid balance.






8. Summary of a corporation's financial condition






9. Regular and planned investments






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






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






12. Coins & art & memorabilia or other items that are popular from time to time






13. A general and progressive increase in prices






14. A for-profit company that is owned by its stockholders and provides savings and checking accounts and other financial services to its customers.






15. Collection of investments






16. Actions that the government might take that would reduce the value of an investment






17. A chosen pursuit - profession - or occupation






18. The amount a corporation pays at a fixed amount when repaying a bond






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






20. 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.






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






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






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






24. The idea that money today is worth more than the same amount of money in the future due to its potential earning capacity.






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






26. The date on which the borrowed money must be repaid






27. 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.'






28. Associated with owning stock of only one company






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






30. The amount of money someone is willing to loan you.






31. Conservative investing; used when you have 'excess' savings






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






33. 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.






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






35. Expenses that aren't paid every month and can be either fixed or variable.






36. The use of long-term savings to earn a financial return






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






38. Is a numerical rating - based on credit report information that represents a person's level of creditworthiness






39. Brokers who provided little or no information to clients






40. An investment security that is actually a diversified portfolio of equities - bonds or other securities. Investors purchase shares and can sell them at any time.






41. The place where stocks are bought and sold.






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






43. Summary of a corporation's financial condition






44. 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.






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






46. An amount of money that is loaned on trust with the expectation that it will be repaid at a later date.






47. A general and progressive increase in prices






48. Investment choices that will be held for long periods






49. Charles Schwab & TD Ameritrade & E*TRADE






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






Can you answer 50 questions in 15 minutes?



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