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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. Fee on credit card for making charges above your credit limit.
Securities and Exchange Commission
wants
collectibles
over-the-limit fee
2. The willingness to give up something you want now in return for something better in the future.
stock market
delayed gratification
credit report
coverage limit
3. 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.
options
social security tax
penny stocks
portfolio
4. Summary of a corporation's financial condition
credit
yield
opportunity cost
annual report
5. Losses in an investment as a result of the business cycle
futures
Temporary investment
market risk
interest
6. Property consisting of houses and land
penny stocks
real estate
initial investing
diversification
7. The place where stocks are bought and sold.
investor services
US Treasury Bonds
systematic investing
stock market
8. 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.
US Treasury Bonds
credit union
APR - Average Percentage Rate
ATM - Automatic Teller Machine
9. Investment choices that will be re-evaluated within a year or less
chapter 7
risk
options
Temporary investment
10. Investing with a series of regular payments; usually associated with life insurance companies
industry risk
market risk
annuities
social security tax
11. The use of long-term savings to earn a financial return
delayed gratification
US Treasury Bonds
futures
Investing
12. The unique passcode number you use to get access to your savings and/or checking account
delayed gratification
social security tax
savings account
Personal Identification Number - PIN
13. Spreading risk among many types of investments; one way to minimize risk
diversification
savings account
dollar cost average
Rule of 72
14. Movement of money you receive and the money you spend
US Treasury Notes
cash flow
US Treasury Bills
bankruptcy
15. The profit from an investment.
risk management
yield
periodic or occasional expenses
systematic investing
16. Companies that provide extensive financial data to clients
investor services
periodic or occasional expenses
capital loss
compounding interest rate
17. A financial institution owned by its members that provides savings and checking accounts and other services to its membership at low fees.
credit union
credit history
portfolio
chapter 13
18. A fee charged to a borrower (especially for a mortgage loan) to cover the costs of initiating the loan.
investor services
inflation
permanent investment
origination fee
19. Summary of a corporation's financial condition
credit limit
savings
stock
annual report
20. The amount of money someone is willing to loan you.
principal
US Treasury Notes
annual fee
dollar cost average
21. The belief - qualities - or standards that you consider important or desirable.
Series I Savings Bond
non-market risk
values
checking account
22. Movement of money you receive and the money you spend
rate of return
inflation
chapter 13
cash flow
23. The portion of the profits paid to the shareholders of a company.
options
dividend
annual report
put-and-take account
24. The increase or decrease in the original purchase price of an investment over a period of time.
rate of return
futures
Series I Savings Bond
spyware
25. Amount of money that is set aside for future purchases
risk averse
savings
industry risk
spending plan
26. Management of investment alternatives to maximize the growth of your portfolio
over-the-limit fee
investor services
strategic investing
principal
27. A detailed record of your personal credit and financial transactions.
stock
credit report
career
credit limit
28. A general and progressive increase in prices
inflation
interest-rate risk
Series EE Savings Bond
cash flow
29. An amount that credit card companies can charge for the use of a credit card.
futures
investing risk
annual fee
credit report
30. The value of What is given up when you choose one option over another.
collectibles
Series EE Savings Bond
industry risk
opportunity cost
31. A term that describes investments on which earnings are not taxed until retirement
US Treasury Bonds
compounding interest rate
interest-rate risk
tax deferred
32. US treasury security that matures from a few days to one year
state income tax
US Treasury Bills
interest
Securities and Exchange Commission
33. The amount a corporation pays at a fixed amount when repaying a bond
non-market risk
yield
state income tax
interest
34. Investors who take to take chances
risk taker
origination fee
over-the-limit fee
bankruptcy
35. 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.
bond
principal
risk
social security tax
36. Another term for budget
share draft account
stock
spending plan
well-known investor services
37. A legal process to get out of debt when you can no longer make all your required payments.
risk taker
bankruptcy
diversification
real estate
38. Newspapers list of securities
financial pages
capital loss
stocks
annual report
39. The value of What is given up when you choose one option over another.
financial pages
maturity date
variable expenses
opportunity cost
40. Discount bonds; a bond purchased for less than the maturity value; example you buy a $50 bond for $25
APR - Average Percentage Rate
Series EE Savings Bond
tax deferred
well-known discount brokers
41. Standard and Poor's and Moody's
well-known investor services
diversification
industry risk
short term goal
42. The right & not the obligation & to buy or sell commodities or stocks for a specific price on a specific date
variable expenses
maturity date
corporate bonds
options
43. Investment choices that will be held for long periods
permanent investment
Personal Identification Number - PIN
financial advisers
satellite decisions
44. Spreading risk among many types of investments; one way to minimize risk
inflation
annuities
chapter 7
diversification
45. Business Weekly & Forbes & Money
real estate
well-know financial magazines
capital gain
financial pages
46. Associated with owning stock of similar groups of businesses
US Treasury Bills
risk
industry risk
US Treasury Bills
47. The probability that injury - damage - or loss will occur.
risk
annual fee
corporate bonds
social security tax
48. The willingness to give up something you want now in return for something better in the future.
inflation
delayed gratification
industry risk
capital gain
49. Is a numerical rating - based on credit report information that represents a person's level of creditworthiness
credit score
industry risk
annual report
social security tax
50. The chance that an investment's value will decrease
bond
real estate
debit card
investing risk