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






3. Another term for budget






4. Collection of investments






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






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






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






8. 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.






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






10. Companies that provide extensive financial data to clients






11. Pooling of money from many investors to buy a large & diverse selection of securities






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






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






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






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






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






17. Associated with owning stock of only one company






18. The amount a corporation borrowed in a bond situation






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






20. Investment choices that will be held for long periods






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






22. Debt obligations of corporations






23. The credit union term for a checking account.






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






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






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






27. Another term for budget






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






29. Associated with owning stock of similar groups of businesses






30. People trained to give investment advise based on your goals & age & lifestyle & etc






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






32. Charles Schwab & TD Ameritrade & E*TRADE






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






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






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






36. The place where stocks are bought and sold.






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






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






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






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






41. Regular and planned investments






42. Associated with owning stock of similar groups of businesses






43. Summary of a corporation's financial condition






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






45. Property consisting of houses and land






46. Brokers who provided little or no information to clients






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






48. A payroll deduction collected by employers by law and sent to the federal government to provide a small income and other services to the elderly - disabled Americans - and orphaned minors.






49. Business Weekly & Forbes & Money






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







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Can you answer 50 questions in 15 minutes?


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