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






2. Merrill Lynch & Fidelity Investments & American Express






3. Property consisting of houses and land






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






5. Brokers who provided little or no information to clients






6. A legal process to get out of debt when you can no longer make all your required payments.






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






8. The amount a corporation borrowed in a bond situation






9. Associated with owning stock of only one company






10. The probability that injury - damage - or loss will occur.






11. A term that describes investments on which earnings are not taxed until retirement






12. The maximum amount an insurance company will pay if you file a claim.






13. Things that add comfort and pleasure to your life but you can live without if you need to.






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






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






16. Associated with owning stock of only one company






17. Contacts to buy and sell commodities or stocks for a specific price on a specific date






18. Debt obligations of state or local governments






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






20. Companies that provide extensive financial data to clients






21. The willingness to give up something you want now in return for something better in the future.






22. A bank account against which the depositor can draw checks payable on demand.






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






24. Investment choices that will be held for long periods






25. 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.






26. Investors who take to take chances






27. A payroll deduction collected by employers by law and sent to the state government to support state services.






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






29. A form of bankruptcy that allows you to erase most of your debt.






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






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






32. 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.






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






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






35. The right & not the obligation & to buy or sell commodities or stocks for a specific price on a specific date






36. Bold and high-risk investments






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






38. The maximum amount an insurance company will pay if you file a claim.






39. Investment choices that will be held for long periods






40. A general and progressive increase in prices






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






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






43. Standard and Poor's and Moody's






44. Contacts to buy and sell commodities or stocks for a specific price on a specific date






45. A formal contract to repay borrowed money with interest at fixed intervals






46. 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.






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






48. Newspapers list of securities






49. US treasury security that matures in 30 years






50. Fee on credit card for making charges above your credit limit.







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


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