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. The unique passcode number you use to get access to your savings and/or checking account






2. The chance that an investment's value will decrease






3. 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.






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






5. Regular and planned investments






6. Wall Street Journal and Barron's






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






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






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






10. A chosen pursuit - profession - or occupation






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






12. 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.






13. A for-profit company that is owned by its stockholders and provides savings and checking accounts and other financial services to its customers.






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






15. The place where stocks are bought and sold.






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






17. Another term for budget






18. Expenses that are not fixed.






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






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






21. The increase or decrease in the original purchase price of an investment over a period of time.






22. A unit of ownership in a corporation






23. 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.






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






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






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






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






28. Charles Schwab & TD Ameritrade & E*TRADE






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






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






31. A general and progressive increase in prices






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






33. Collection of investments






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






35. Newspapers list of securities






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






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






38. Associated with owning stock of only one company






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






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






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






42. Merrill Lynch & Fidelity Investments & American Express






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






44. Another term for budget






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






46. Newspapers list of securities






47. A chosen pursuit - profession - or occupation






48. The difference between a higher selling price and a lower purchase price - resulting in a financial gain for the seller






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






50. Business Weekly & Forbes & Money