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






2. The difference between a higher selling price and a lower purchase price - resulting in a financial gain for the seller






3. Collection of investments






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






5. Associated with owning stock of only one company






6. Bold and high-risk investments






7. Standard and Poor's and Moody's






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






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






10. Investors who take to take chances






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






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






13. The place where stocks are bought and sold.






14. The right & not the obligation & to buy or sell commodities or stocks for a specific price on a specific date






15. The increase or decrease in the original purchase price of an investment over a period of time.






16. The practice of investing a fixed amount into the same investment at regular intervals - regardless of what the stock market is doing.






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






18. A formal contract to repay borrowed money with interest at fixed intervals






19. 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.






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






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






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






23. Summary of a corporation's financial condition






24. Business Weekly & Forbes & Money






25. Summary of a corporation's financial condition






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






27. A chosen pursuit - profession - or occupation






28. 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.






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






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






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






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






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






34. A general and progressive increase in prices






35. Charles Schwab & TD Ameritrade & E*TRADE






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






37. Earning interest on interest.






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






39. The credit union term for a savings account.






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






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






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






43. 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.






44. Pooling of money from many investors to buy a large & diverse selection of securities






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






46. The belief - qualities - or standards that you consider important or desirable.






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






48. The unique passcode number you use to get access to your savings and/or checking account






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






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







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


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