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






2. Movement of money you receive and the money you spend






3. The credit union term for a checking account.






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






5. Business Weekly & Forbes & Money






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






7. The amount of money someone is willing to loan you.






8. Discount bonds; a bond purchased for less than the maturity value; example you buy a $50 bond for $25






9. The value of What is given up when you choose one option over another.






10. Regular and planned investments






11. Associated with owning stock of similar groups of businesses






12. Property consisting of houses and land






13. Another term for budget






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






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






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






17. The place where stocks are bought and sold.






18. Standard and Poor's and Moody's






19. Debt obligations of state or local governments






20. Summary of a corporation's financial condition






21. The entire amount of money you owe to lenders






22. 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.






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






24. Companies that provide extensive financial data to clients






25. A financial institution owned by its members that provides savings and checking accounts and other services to its membership at low fees.






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






27. A detailed record of your personal credit and financial transactions.






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






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






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






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






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.






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






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






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






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






37. 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.






38. Standard and Poor's and Moody's






39. Investors who take to take chances






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






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






42. Brokers who provided little or no information to clients






43. Summary of a corporation's financial condition






44. Uncontrollable and unpredictable events that cause an investment to lose value






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






46. Expenses that are not fixed.






47. On a credit card - the length of time you have before you start accumulating interest on an unpaid balance.






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






49. The credit union term for a savings account.






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