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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. A government sector that requires all public corporations to make annual reports available to their stockholders
Personal Identification Number - PIN
Securities and Exchange Commission
stock market
spending plan
2. Investors who take to take chances
dividend
risk taker
opportunity cost
stock
3. Associated with owning stock of similar groups of businesses
inflation
industry risk
annual report
grace period
4. Investment choices that will be held for long periods
US Treasury Bonds
credit union
permanent investment
Series I Savings Bond
5. The unique passcode number you use to get access to your savings and/or checking account
compounding interest rate
career
Personal Identification Number - PIN
dividend
6. A term that describes investments on which earnings are not taxed until retirement
financial advisers
discount brokers
tax deferred
corporate bonds
7. Bonds designed for investors wanting to protect again inflation losses
Series I Savings Bond
credit score
inflation
well-known financial newspapers
8. Investment choices that will be re-evaluated within a year or less
options
non-market risk
Temporary investment
values
9. An amount that credit card companies can charge for the use of a credit card.
short term goal
values
annual fee
share account
10. Smaller decisions that can result from a major decision.
spending plan
bank
satellite decisions
annual report
11. Brokers who provided little or no information to clients
share draft account
savings account
periodic or occasional expenses
discount brokers
12. The chance that an investment's value will decrease
investing risk
interest
principal
industry risk
13. Fee on credit card for making charges above your credit limit.
over-the-limit fee
credit limit
chapter 7
pay yourself first - P.Y.F.
14. Bold and high-risk investments
share draft account
US Treasury Bonds
speculative investments
US Treasury Notes
15. Regular and planned investments
opportunity cost
stock market
grace period
systematic investing
16. Expenses that are not fixed.
variable expenses
stocks
social security tax
dollar cost average
17. The date on which the borrowed money must be repaid
coverage limit
stock
discount brokers
maturity date
18. Merrill Lynch & Fidelity Investments & American Express
grace period
well-know full-service brokers
well-known investor services
debt
19. Collection of investments
portfolio
chapter 7
ATM - Automatic Teller Machine
budget
20. US treasury security that matures in 2 & 5 & or 10 years
real estate
US Treasury Notes
debit card
credit report
21. Investors who are afraid to make investments
risk averse
spending plan
pay yourself first - P.Y.F.
dollar cost average
22. Amount of money that is set aside for future purchases
savings
chapter 13
maturity date
universal default
23. Associated with owning stock of only one company
career
Temporary investment
company risk
coverage limit
24. Movement of money you receive and the money you spend
cash flow
yield
share account
grace period
25. Debt obligations of state or local governments
grace period
real estate
municipal bonds
investing risk
26. The willingness to give up something you want now in return for something better in the future.
delayed gratification
financial pages
share account
interest-rate risk
27. The difference between a higher selling price and a lower purchase price - resulting in a financial gain for the seller
bank
put-and-take account
capital gain
share draft account
28. US treasury security that matures in 30 years
strategic investing
debit card
US Treasury Bonds
Securities and Exchange Commission
29. Expenses that aren't paid every month and can be either fixed or variable.
US Treasury Bills
periodic or occasional expenses
maturity date
strategic investing
30. The amount a corporation pays at a fixed amount when repaying a bond
well-know full-service brokers
ATM - Automatic Teller Machine
full-service broker
interest
31. Associated with owning stock of similar groups of businesses
cash flow
industry risk
capital loss
permanent investment
32. 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
deductible
social security tax
well-known discount brokers
33. Earning interest on interest.
bank
career
US Treasury Bills
compounding interest rate
34. The use of long-term savings to earn a financial return
diversification
variable expenses
savings
Investing
35. The process of dealing with the chance of a potential personal or financial loss.
risk management
well-know full-service brokers
political risk
variable expenses
36. The date on which the borrowed money must be repaid
maturity date
well-known discount brokers
phishing
yield
37. The place where stocks are bought and sold.
bond
checking account
stock market
US Treasury Bonds
38. The difference between a higher selling price and a lower purchase price - resulting in a financial gain for the seller
capital gain
portfolio
capital loss
well-know full-service brokers
39. A technique used for estimating the number of years required to double your money at a given rate
tax deferred
coverage limit
Rule of 72
financial pages
40. Investors who are afraid to make investments
full-service broker
Temporary investment
risk averse
systematic investing
41. 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.
mutual funds
universal default
delayed gratification
bank
42. A for-profit company that is owned by its stockholders and provides savings and checking accounts and other financial services to its customers.
investing risk
Securities and Exchange Commission
full-service broker
bank
43. The profit from an investment.
political risk
principal
credit score
yield
44. The credit union term for a checking account.
compounding interest rate
variable expenses
pay yourself first - P.Y.F.
share draft account
45. The idea that money today is worth more than the same amount of money in the future due to its potential earning capacity.
Series I Savings Bond
time value of money
mutual fund
real estate
46. Property consisting of houses and land
financial advisers
compounding interest rate
principal
real estate
47. The practice of investing a fixed amount into the same investment at regular intervals - regardless of what the stock market is doing.
credit history
dollar cost average
variable expenses
well-know financial magazines
48. A detailed record of your personal credit and financial transactions.
credit report
risk averse
bank
compounding interest rate
49. Spreading risk among many types of investments; one way to minimize risk
diversification
variable expenses
investor services
credit limit
50. The entire amount of money you owe to lenders
systematic investing
financial pages
dividend
debt