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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. Summary of a corporation's financial condition
initial investing
rate of return
annual report
annual fee
2. Money used for short-term needs like emergencies; advisers recommend three to six months' net pay for set aside for this
APR - Average Percentage Rate
put-and-take account
maturity date
principal
3. The probability that injury - damage - or loss will occur.
risk
savings account
delayed gratification
Series EE Savings Bond
4. The profit from an investment.
yield
interest
phishing
market risk
5. Property consisting of houses and land
annuities
non-market risk
real estate
dividend
6. A spending plan for managing money during a given period of time.
put-and-take account
budget
credit
collectibles
7. The right & not the obligation & to buy or sell commodities or stocks for a specific price on a specific date
state income tax
options
risk
wants
8. A bank account against which the depositor can draw checks payable on demand.
spending plan
checking account
principal
credit
9. Regular and planned investments
investor services
systematic investing
diversification
credit
10. The willingness to give up something you want now in return for something better in the future.
real estate
compounding interest rate
delayed gratification
discount brokers
11. A form of bankruptcy that allows you to erase most of your debt.
real estate
ATM - Automatic Teller Machine
chapter 7
financial advisers
12. The setting aside of money for future use or other investments
systematic investing
pay yourself first - P.Y.F.
rate of return
US Treasury Notes
13. The chance that inflation will rise faster than the rate of return on an investment
interest-rate risk
Series I Savings Bond
spending plan
investor services
14. US treasury security that matures in 2 & 5 & or 10 years
US Treasury Notes
compounding interest rate
satellite decisions
non-market risk
15. The credit union term for a checking account.
chapter 13
share draft account
maturity date
credit report
16. The belief - qualities - or standards that you consider important or desirable.
values
wants
interest
US Treasury Bonds
17. The chance that an investment's value will decrease
non-market risk
investing risk
bankruptcy
US Treasury Bonds
18. Debt obligations of state or local governments
state income tax
financial pages
municipal bonds
spyware
19. Coins & art & memorabilia or other items that are popular from time to time
collectibles
debit card
risk management
well-know financial magazines
20. Spreading risk among many types of investments; one way to minimize risk
well-known discount brokers
Securities and Exchange Commission
diversification
stocks
21. Brokers who provided little or no information to clients
discount brokers
universal default
investing risk
Series EE Savings Bond
22. The portion of the profits paid to the shareholders of a company.
dividend
grace period
US Treasury Bonds
wants
23. Merrill Lynch & Fidelity Investments & American Express
checking account
well-know full-service brokers
savings
chapter 13
24. A financial institution owned by its members that provides savings and checking accounts and other services to its membership at low fees.
strategic investing
APR - Average Percentage Rate
credit union
risk averse
25. Contacts to buy and sell commodities or stocks for a specific price on a specific date
futures
bankruptcy
inflation
municipal bonds
26. The amount of money someone is willing to loan you.
Rule of 72
collectibles
principal
opportunity cost
27. Investing with a series of regular payments; usually associated with life insurance companies
Temporary investment
share account
annuities
credit history
28. Expenses that are not fixed.
permanent investment
variable expenses
delayed gratification
market risk
29. Associated with owning stock of similar groups of businesses
diversification
company risk
industry risk
options
30. Standard and Poor's and Moody's
principal
well-known investor services
compounding interest rate
risk
31. Brokers who provide clients with analysis and opinions
credit report
full-service broker
corporate bonds
savings
32. Bold and high-risk investments
Securities and Exchange Commission
interest-rate risk
speculative investments
Rule of 72
33. Investors who take to take chances
dollar cost average
credit
share draft account
risk taker
34. The practice of investing a fixed amount into the same investment at regular intervals - regardless of what the stock market is doing.
savings account
Series I Savings Bond
US Treasury Bills
dollar cost average
35. A general and progressive increase in prices
principal
annual report
inflation
state income tax
36. Standard and Poor's and Moody's
interest-rate risk
municipal bonds
speculative investments
well-known investor services
37. Fee on credit card for making charges above your credit limit.
risk averse
over-the-limit fee
dividend
spyware
38. A government sector that requires all public corporations to make annual reports available to their stockholders
principal
debit card
Securities and Exchange Commission
company risk
39. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail or pop-up messages.
penny stocks
stocks
phishing
spending plan
40. A term that describes investments on which earnings are not taxed until retirement
credit history
risk
tax deferred
market risk
41. US treasury security that matures in 30 years
savings account
US Treasury Bonds
well-known investor services
phishing
42. A mathematical method that can be used to show how long it will take to double your money in an investment simply by dividing 72 by the rate of interest.
Securities and Exchange Commission
collectibles
Rule of 72
debt
43. Low-priced stocks of small companies that have no track record
periodic or occasional expenses
penny stocks
inflation
financial advisers
44. Charles Schwab & TD Ameritrade & E*TRADE
values
well-known discount brokers
inflation
mutual fund
45. On a credit card - the length of time you have before you start accumulating interest on an unpaid balance.
full-service broker
variable expenses
credit history
grace period
46. The credit union term for a savings account.
dividend
share account
well-know financial magazines
Series EE Savings Bond
47. Investors who are afraid to make investments
portfolio
risk averse
rate of return
mutual fund
48. A bank account against which the depositor can draw checks payable on demand.
coverage limit
Personal Identification Number - PIN
checking account
delayed gratification
49. Conservative investing; used when you have 'excess' savings
initial investing
debit card
cash flow
portfolio
50. Brokers who provided little or no information to clients
initial investing
well-know full-service brokers
discount brokers
social security tax