SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
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. The process of dealing with the chance of a potential personal or financial loss.
state income tax
inflation
risk management
municipal bonds
2. A formal contract to repay borrowed money with interest at fixed intervals
bankruptcy
speculative investments
bond
interest-rate risk
3. Another term for budget
universal default
spending plan
credit limit
company risk
4. Collection of investments
portfolio
short term goal
credit limit
US Treasury Notes
5. 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
Personal Identification Number - PIN
debit card
chapter 13
6. The process of dealing with the chance of a potential personal or financial loss.
Rule of 72
corporate bonds
risk management
speculative investments
7. A for-profit company that is owned by its stockholders and provides savings and checking accounts and other financial services to its customers.
US Treasury Notes
time value of money
dollar cost average
bank
8. 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.
initial investing
credit union
savings account
options
9. A form of bankruptcy that allows you to erase most of your debt.
chapter 7
risk averse
bond
pay yourself first - P.Y.F.
10. Companies that provide extensive financial data to clients
variable expenses
investor services
discount brokers
rate of return
11. Pooling of money from many investors to buy a large & diverse selection of securities
mutual funds
savings account
rate of return
origination fee
12. Bonds designed for investors wanting to protect again inflation losses
Series I Savings Bond
variable expenses
mutual funds
strategic investing
13. A certificate documenting the shareholder's ownership in the corporation
chapter 13
stock
share draft account
cash flow
14. The idea that money today is worth more than the same amount of money in the future due to its potential earning capacity.
options
savings
time value of money
APR - Average Percentage Rate
15. The amount of money someone is willing to loan you.
Personal Identification Number - PIN
credit limit
Rule of 72
principal
16. The practice of investing a fixed amount into the same investment at regular intervals - regardless of what the stock market is doing.
share account
dollar cost average
compounding interest rate
stock
17. Associated with owning stock of only one company
non-market risk
company risk
bond
full-service broker
18. The amount a corporation borrowed in a bond situation
principal
Series EE Savings Bond
non-market risk
coverage limit
19. The right & not the obligation & to buy or sell commodities or stocks for a specific price on a specific date
chapter 7
Series EE Savings Bond
maturity date
options
20. Investment choices that will be held for long periods
capital loss
stocks
annuities
permanent investment
21. A form of bankruptcy that allows you to repay many of your debts over a period of time - usually no more than five years.
credit limit
well-known financial newspapers
chapter 13
credit report
22. Debt obligations of corporations
corporate bonds
share draft account
debt
well-known discount brokers
23. The credit union term for a checking account.
credit
tax deferred
share draft account
stock
24. The maximum amount an insurance company will pay if you file a claim.
Rule of 72
debt
coverage limit
opportunity cost
25. An electronic machine that bank customers and credit union members can use to withdraw cash and make other financial transactions.
maturity date
ATM - Automatic Teller Machine
maturity date
well-known financial newspapers
26. The amount a corporation pays at a fixed amount when repaying a bond
satellite decisions
career
savings
interest
27. Another term for budget
futures
opportunity cost
spending plan
financial advisers
28. Management of investment alternatives to maximize the growth of your portfolio
time value of money
career
state income tax
strategic investing
29. Associated with owning stock of similar groups of businesses
discount brokers
penny stocks
industry risk
well-known financial newspapers
30. People trained to give investment advise based on your goals & age & lifestyle & etc
financial advisers
full-service broker
ATM - Automatic Teller Machine
wants
31. The belief - qualities - or standards that you consider important or desirable.
pay yourself first - P.Y.F.
budget
values
non-market risk
32. Charles Schwab & TD Ameritrade & E*TRADE
portfolio
annual report
market risk
well-known discount brokers
33. Things that add comfort and pleasure to your life but you can live without if you need to.
bankruptcy
wants
dollar cost average
tax deferred
34. A spending plan for managing money during a given period of time.
ATM - Automatic Teller Machine
spyware
spending plan
budget
35. Coins & art & memorabilia or other items that are popular from time to time
mutual fund
phishing
collectibles
phishing
36. The place where stocks are bought and sold.
bank
risk
risk averse
stock market
37. Actions that the government might take that would reduce the value of an investment
political risk
options
satellite decisions
stocks
38. An amount that credit card companies can charge for the use of a credit card.
annual fee
checking account
credit history
pay yourself first - P.Y.F.
39. Maximum amount of credit a lender will extend to a customer.
cash flow
US Treasury Notes
annual fee
credit limit
40. A payroll deduction collected by employers by law and sent to the state government to support state services.
well-know financial magazines
yield
delayed gratification
state income tax
41. Regular and planned investments
systematic investing
over-the-limit fee
tax deferred
full-service broker
42. Associated with owning stock of similar groups of businesses
values
Personal Identification Number - PIN
well-know full-service brokers
industry risk
43. Summary of a corporation's financial condition
annual fee
annual report
origination fee
initial investing
44. Coins & art & memorabilia or other items that are popular from time to time
options
career
values
collectibles
45. Property consisting of houses and land
compounding interest rate
credit
capital gain
real estate
46. Brokers who provided little or no information to clients
full-service broker
state income tax
discount brokers
annuities
47. An amount that credit card companies can charge for the use of a credit card.
financial advisers
universal default
annual fee
bond
48. 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.
well-known financial newspapers
political risk
social security tax
strategic investing
49. Business Weekly & Forbes & Money
well-known discount brokers
Rule of 72
penny stocks
well-know financial magazines
50. Expenses that aren't paid every month and can be either fixed or variable.
options
maturity date
periodic or occasional expenses
universal default
Sorry!:) No result found.
Can you answer 50 questions in 15 minutes?
Let me suggest you:
Browse all subjects
Browse all tests
Most popular tests
Major Subjects
Tests & Exams
AP
CLEP
DSST
GRE
SAT
GMAT
Certifications
CISSP go to https://www.isc2.org/
PMP
ITIL
RHCE
MCTS
More...
IT Skills
Android Programming
Data Modeling
Objective C Programming
Basic Python Programming
Adobe Illustrator
More...
Business Skills
Advertising Techniques
Business Accounting Basics
Business Strategy
Human Resource Management
Marketing Basics
More...
Soft Skills
Body Language
People Skills
Public Speaking
Persuasion
Job Hunting And Resumes
More...
Vocabulary
GRE Vocab
SAT Vocab
TOEFL Essential Vocab
Basic English Words For All
Global Words You Should Know
Business English
More...
Languages
AP German Vocab
AP Latin Vocab
SAT Subject Test: French
Italian Survival
Norwegian Survival
More...
Engineering
Audio Engineering
Computer Science Engineering
Aerospace Engineering
Chemical Engineering
Structural Engineering
More...
Health Sciences
Basic Nursing Skills
Health Science Language Fundamentals
Veterinary Technology Medical Language
Cardiology
Clinical Surgery
More...
English
Grammar Fundamentals
Literary And Rhetorical Vocab
Elements Of Style Vocab
Introduction To English Major
Complete Advanced Sentences
Literature
Homonyms
More...
Math
Algebra Formulas
Basic Arithmetic: Measurements
Metric Conversions
Geometric Properties
Important Math Facts
Number Sense Vocab
Business Math
More...
Other Major Subjects
Science
Economics
History
Law
Performing-arts
Cooking
Logic & Reasoning
Trivia
Browse all subjects
Browse all tests
Most popular tests