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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 chance that an investment's value will decrease






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






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






4. Business Weekly & Forbes & Money






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






6. US treasury security that matures from a few days to one year






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






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






9. Standard and Poor's and Moody's






10. US treasury security that matures in 30 years






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






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






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






14. 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.






15. Another term for budget






16. Debt obligations of corporations






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






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






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






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






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






22. 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.'






23. Fee on credit card for making charges above your credit limit.






24. A payroll deduction collected by employers by law and sent to the state government to support state services.






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






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






27. Earning interest on interest.






28. A general and progressive increase in prices






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






30. A detailed record of your personal credit and financial transactions.






31. The willingness to give up something you want now in return for something better in the future.






32. Associated with owning stock of similar groups of businesses






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






34. A unit of ownership in a corporation






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






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






37. Expenses that are not fixed.






38. The credit union term for a checking account.






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






40. Fee on credit card for making charges above your credit limit.






41. Investors who are afraid to make investments






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






43. Merrill Lynch & Fidelity Investments & American Express






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






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






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






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






48. Uncontrollable and unpredictable events that cause an investment to lose value






49. A goal to be achieved within the next three months.






50. The amount of a loss you must pay out of your own pocket before the insurance company will step in and pay the rest.







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


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