Test your basic knowledge |

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






2. Investors who take to take chances






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






4. Property consisting of houses and land






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






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






7. Investors who are afraid to make investments






8. A certificate documenting the shareholder's ownership in the corporation






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






10. The place where stocks are bought and sold.






11. US treasury security that matures in 30 years






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






13. Summary of a corporation's financial condition






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






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






16. Debt obligations of corporations






17. Expenses that are not fixed.






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






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






20. Debt obligations of state or local governments






21. A government sector that requires all public corporations to make annual reports available to their stockholders






22. A summary of a person's borrowing and repayment history.






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






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






25. Summary of a corporation's financial condition






26. A general and progressive increase in prices






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






28. Charles Schwab & TD Ameritrade & E*TRADE






29. A technique used for estimating the number of years required to double your money at a given rate






30. Associated with owning stock of only one company






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






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






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






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






35. The use of long-term savings to earn a financial return






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






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






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






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






40. Maximum amount of credit a lender will extend to a customer.






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






42. The credit union term for a savings account.






43. Conservative investing; used when you have 'excess' savings






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






45. An investment security that is actually a diversified portfolio of equities - bonds or other securities. Investors purchase shares and can sell them at any time.






46. Spreading risk among many types of investments; one way to minimize risk






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






48. An electronic machine that bank customers and credit union members can use to withdraw cash and make other financial transactions.






49. US treasury security that matures in 30 years






50. The amount a corporation pays at a fixed amount when repaying a bond