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






2. A unit of ownership in a corporation






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






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






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






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






7. Associated with owning stock of similar groups of businesses






8. Wall Street Journal and Barron's






9. Management of investment alternatives to maximize the growth of your portfolio






10. A spending plan for managing money during a given period of time.






11. Debt obligations of corporations






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






13. The setting aside of money for future use or other investments






14. Business Weekly & Forbes & Money






15. 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.






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






17. Brokers who provide clients with analysis and opinions






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






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






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






21. Standard and Poor's and Moody's






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






23. Property consisting of houses and land






24. Brokers who provided little or no information to clients






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






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






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






28. The setting aside of money for future use or other investments






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






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






31. 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.






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






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






34. The entire amount of money you owe to lenders






35. Merrill Lynch & Fidelity Investments & American Express






36. The amount a corporation borrowed in a bond situation






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






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






39. A chosen pursuit - profession - or occupation






40. 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.






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






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






43. The place where stocks are bought and sold.






44. A general and progressive increase in prices






45. 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.






46. Merrill Lynch & Fidelity Investments & American Express






47. The profit from an investment.






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






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






50. Management of investment alternatives to maximize the growth of your portfolio







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Can you answer 50 questions in 15 minutes?


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