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Test your basic knowledge |
Financial Literacy Basics
Start Test
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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 chance that an investment's value will decrease
chapter 13
spending plan
ATM - Automatic Teller Machine
investing risk
2. The amount of money someone is willing to loan you.
inflation
values
dividend
principal
3. The process of dealing with the chance of a potential personal or financial loss.
stock
variable expenses
financial advisers
risk management
4. Business Weekly & Forbes & Money
pay yourself first - P.Y.F.
Rule of 72
industry risk
well-know financial magazines
5. US treasury security that matures in 2 & 5 & or 10 years
annual fee
futures
state income tax
US Treasury Notes
6. US treasury security that matures from a few days to one year
financial pages
wants
US Treasury Bills
credit union
7. A bank account against which the depositor can draw checks payable on demand.
well-know financial magazines
checking account
permanent investment
delayed gratification
8. Bonds designed for investors wanting to protect again inflation losses
Securities and Exchange Commission
Series I Savings Bond
diversification
career
9. Standard and Poor's and Moody's
corporate bonds
Personal Identification Number - PIN
well-known investor services
initial investing
10. US treasury security that matures in 30 years
chapter 13
US Treasury Bonds
municipal bonds
checking account
11. The process of dealing with the chance of a potential personal or financial loss.
APR - Average Percentage Rate
market risk
risk management
satellite decisions
12. Expenses that aren't paid every month and can be either fixed or variable.
periodic or occasional expenses
Temporary investment
Personal Identification Number - PIN
risk management
13. Actions that the government might take that would reduce the value of an investment
financial pages
bankruptcy
annual report
political risk
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.
financial pages
social security tax
interest
Rule of 72
15. Another term for budget
annual report
spending plan
well-known investor services
credit history
16. Debt obligations of corporations
periodic or occasional expenses
risk taker
corporate bonds
real estate
17. Investing with a series of regular payments; usually associated with life insurance companies
Rule of 72
credit limit
savings
annuities
18. Investment choices that will be re-evaluated within a year or less
Temporary investment
ATM - Automatic Teller Machine
coverage limit
share draft account
19. On a credit card - the length of time you have before you start accumulating interest on an unpaid balance.
variable expenses
universal default
mutual funds
grace period
20. Money used for short-term needs like emergencies; advisers recommend three to six months' net pay for set aside for this
put-and-take account
chapter 7
real estate
stock
21. Amount of money that is set aside for future purchases
savings
capital gain
short term goal
interest
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.'
debit card
risk management
credit report
portfolio
23. Fee on credit card for making charges above your credit limit.
discount brokers
speculative investments
over-the-limit fee
diversification
24. A payroll deduction collected by employers by law and sent to the state government to support state services.
savings account
budget
state income tax
principal
25. The portion of the profits paid to the shareholders of a company.
dividend
periodic or occasional expenses
over-the-limit fee
Series EE Savings Bond
26. The date on which the borrowed money must be repaid
state income tax
annual fee
put-and-take account
maturity date
27. Earning interest on interest.
credit limit
compounding interest rate
systematic investing
debt
28. A general and progressive increase in prices
mutual funds
inflation
Securities and Exchange Commission
credit limit
29. The probability that injury - damage - or loss will occur.
maturity date
political risk
risk
Series EE Savings Bond
30. A detailed record of your personal credit and financial transactions.
credit report
wants
universal default
well-known financial newspapers
31. The willingness to give up something you want now in return for something better in the future.
well-know financial magazines
dollar cost average
delayed gratification
principal
32. Associated with owning stock of similar groups of businesses
speculative investments
market risk
industry risk
bond
33. Smaller decisions that can result from a major decision.
Personal Identification Number - PIN
satellite decisions
Investing
permanent investment
34. A unit of ownership in a corporation
mutual funds
stocks
well-know full-service brokers
company risk
35. People trained to give investment advise based on your goals & age & lifestyle & etc
financial advisers
options
debit card
social security tax
36. Is a numerical rating - based on credit report information that represents a person's level of creditworthiness
diversification
credit score
chapter 7
social security tax
37. Expenses that are not fixed.
well-known financial newspapers
risk averse
capital loss
variable expenses
38. The credit union term for a checking account.
interest
Rule of 72
investing risk
share draft account
39. A fee charged to a borrower (especially for a mortgage loan) to cover the costs of initiating the loan.
delayed gratification
well-known discount brokers
origination fee
budget
40. Fee on credit card for making charges above your credit limit.
rate of return
universal default
Rule of 72
over-the-limit fee
41. Investors who are afraid to make investments
US Treasury Bills
risk averse
compounding interest rate
stock market
42. The idea that money today is worth more than the same amount of money in the future due to its potential earning capacity.
well-know financial magazines
well-know financial magazines
spyware
time value of money
43. Merrill Lynch & Fidelity Investments & American Express
chapter 7
market risk
short term goal
well-know full-service brokers
44. Things that add comfort and pleasure to your life but you can live without if you need to.
wants
diversification
stock
stock market
45. A term that describes investments on which earnings are not taxed until retirement
tax deferred
debit card
opportunity cost
grace period
46. Things that add comfort and pleasure to your life but you can live without if you need to.
wants
Temporary investment
capital loss
stock market
47. The date on which the borrowed money must be repaid
maturity date
capital gain
stock market
portfolio
48. Uncontrollable and unpredictable events that cause an investment to lose value
Investing
dividend
collectibles
non-market risk
49. A goal to be achieved within the next three months.
short term goal
portfolio
bond
over-the-limit fee
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.
principal
pay yourself first - P.Y.F.
deductible
debit card
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