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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. The amount a corporation borrowed in a bond situation
principal
mutual funds
US Treasury Notes
debit card
2. The amount of money someone is willing to loan you.
credit
savings
social security tax
principal
3. People trained to give investment advise based on your goals & age & lifestyle & etc
collectibles
financial advisers
US Treasury Notes
mutual funds
4. US treasury security that matures in 30 years
US Treasury Bonds
risk management
well-know full-service brokers
periodic or occasional expenses
5. The profit from an investment.
risk management
Temporary investment
futures
yield
6. Investment choices that will be re-evaluated within a year or less
cash flow
investor services
pay yourself first - P.Y.F.
Temporary investment
7. 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.'
chapter 7
risk
debit card
APR - Average Percentage Rate
8. A payroll deduction collected by employers by law and sent to the state government to support state services.
municipal bonds
state income tax
time value of money
mutual funds
9. An account you have at a financial institution that helps you accumulate and save money and earn a small amount of interest at the same time.
US Treasury Bills
savings account
investor services
credit report
10. The amount of a loss you must pay out of your own pocket before the insurance company will step in and pay the rest.
US Treasury Bills
stock
deductible
short term goal
11. A fee charged to a borrower (especially for a mortgage loan) to cover the costs of initiating the loan.
origination fee
real estate
principal
dividend
12. A fee charged to a borrower (especially for a mortgage loan) to cover the costs of initiating the loan.
stock
systematic investing
satellite decisions
origination fee
13. Investors who take to take chances
career
Investing
bank
risk taker
14. Investors who are afraid to make investments
speculative investments
risk averse
credit report
well-know financial magazines
15. A spending plan for managing money during a given period of time.
options
debt
budget
risk management
16. Pooling of money from many investors to buy a large & diverse selection of securities
bank
Personal Identification Number - PIN
bond
mutual funds
17. Brokers who provide clients with analysis and opinions
well-known discount brokers
capital gain
cash flow
full-service broker
18. US treasury security that matures in 30 years
US Treasury Bonds
corporate bonds
corporate bonds
options
19. An amount that credit card companies can charge for the use of a credit card.
collectibles
share draft account
annual fee
short term goal
20. Investing with a series of regular payments; usually associated with life insurance companies
annuities
put-and-take account
credit score
risk
21. The portion of the profits paid to the shareholders of a company.
dividend
rate of return
principal
dollar cost average
22. Charles Schwab & TD Ameritrade & E*TRADE
well-known discount brokers
put-and-take account
tax deferred
well-know financial magazines
23. Investors who are afraid to make investments
well-know full-service brokers
risk averse
real estate
well-known discount brokers
24. Things that add comfort and pleasure to your life but you can live without if you need to.
credit
wants
collectibles
origination fee
25. Debt obligations of corporations
chapter 7
corporate bonds
phishing
futures
26. The maximum amount an insurance company will pay if you file a claim.
portfolio
deductible
phishing
coverage limit
27. Fee on credit card for making charges above your credit limit.
bankruptcy
universal default
put-and-take account
over-the-limit fee
28. Movement of money you receive and the money you spend
cash flow
well-known discount brokers
Temporary investment
portfolio
29. The amount of a loss you must pay out of your own pocket before the insurance company will step in and pay the rest.
corporate bonds
ATM - Automatic Teller Machine
US Treasury Bonds
deductible
30. The credit union term for a savings account.
share account
cash flow
capital gain
stock market
31. Property consisting of houses and land
stock market
over-the-limit fee
systematic investing
real estate
32. The chance that an investment's value will decrease
investing risk
state income tax
credit union
Series I Savings Bond
33. The use of long-term savings to earn a financial return
Investing
interest
Rule of 72
US Treasury Bills
34. Merrill Lynch & Fidelity Investments & American Express
capital gain
Personal Identification Number - PIN
well-know full-service brokers
systematic investing
35. The place where stocks are bought and sold.
financial pages
stock market
political risk
US Treasury Bills
36. Investment choices that will be held for long periods
real estate
permanent investment
credit history
credit score
37. On a credit card - the length of time you have before you start accumulating interest on an unpaid balance.
Rule of 72
grace period
penny stocks
share draft account
38. Contacts to buy and sell commodities or stocks for a specific price on a specific date
futures
phishing
company risk
non-market risk
39. Summary of a corporation's financial condition
time value of money
industry risk
annual report
penny stocks
40. A for-profit company that is owned by its stockholders and provides savings and checking accounts and other financial services to its customers.
initial investing
risk averse
origination fee
bank
41. 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.
spyware
dollar cost average
well-know financial magazines
initial investing
42. A general and progressive increase in prices
well-known discount brokers
inflation
delayed gratification
Personal Identification Number - PIN
43. Brokers who provide clients with analysis and opinions
full-service broker
Series I Savings Bond
values
Temporary investment
44. The practice of investing a fixed amount into the same investment at regular intervals - regardless of what the stock market is doing.
full-service broker
social security tax
dollar cost average
diversification
45. The date on which the borrowed money must be repaid
Rule of 72
credit
US Treasury Notes
maturity date
46. The profit from an investment.
yield
compounding interest rate
tax deferred
Series EE Savings Bond
47. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail or pop-up messages.
short term goal
phishing
periodic or occasional expenses
checking account
48. The difference between a lower selling price and a higher purchase price resulting in a financial loss for the seller
strategic investing
annual report
real estate
capital loss
49. An amount that credit card companies can charge for the use of a credit card.
coverage limit
ATM - Automatic Teller Machine
risk averse
annual fee
50. Things that add comfort and pleasure to your life but you can live without if you need to.
satellite decisions
pay yourself first - P.Y.F.
wants
industry risk