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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. A summary of a person's borrowing and repayment history.
well-known financial newspapers
social security tax
credit history
annual report
2. The unique passcode number you use to get access to your savings and/or checking account
options
pay yourself first - P.Y.F.
bankruptcy
Personal Identification Number - PIN
3. The setting aside of money for future use or other investments
permanent investment
pay yourself first - P.Y.F.
mutual funds
diversification
4. The date on which the borrowed money must be repaid
diversification
annual report
bank
maturity date
5. 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.
risk taker
well-known financial newspapers
social security tax
chapter 13
6. A goal to be achieved within the next three months.
pay yourself first - P.Y.F.
short term goal
full-service broker
investor services
7. The maximum amount an insurance company will pay if you file a claim.
satellite decisions
market risk
coverage limit
checking account
8. On a credit card - the length of time you have before you start accumulating interest on an unpaid balance.
well-known investor services
APR - Average Percentage Rate
grace period
compounding interest rate
9. A term that describes investments on which earnings are not taxed until retirement
share draft account
well-known investor services
universal default
tax deferred
10. Debt obligations of corporations
credit history
Personal Identification Number - PIN
diversification
corporate bonds
11. Collection of investments
portfolio
permanent investment
short term goal
corporate bonds
12. The probability that injury - damage - or loss will occur.
risk management
company risk
risk
principal
13. The credit union term for a checking account.
diversification
APR - Average Percentage Rate
share draft account
industry risk
14. The amount a corporation pays at a fixed amount when repaying a bond
strategic investing
interest
rate of return
Personal Identification Number - PIN
15. Associated with owning stock of similar groups of businesses
US Treasury Notes
industry risk
investor services
spending plan
16. Business Weekly & Forbes & Money
career
well-know financial magazines
Investing
bond
17. Maximum amount of credit a lender will extend to a customer.
annual fee
futures
real estate
credit limit
18. The chance that an investment's value will decrease
mutual funds
maturity date
investing risk
phishing
19. An electronic machine that bank customers and credit union members can use to withdraw cash and make other financial transactions.
inflation
Securities and Exchange Commission
penny stocks
ATM - Automatic Teller Machine
20. People trained to give investment advise based on your goals & age & lifestyle & etc
financial advisers
permanent investment
variable expenses
short term goal
21. Actions that the government might take that would reduce the value of an investment
stocks
tax deferred
political risk
spending plan
22. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail or pop-up messages.
short term goal
risk taker
phishing
initial investing
23. Charles Schwab & TD Ameritrade & E*TRADE
cash flow
well-known discount brokers
savings
stock market
24. Standard and Poor's and Moody's
portfolio
well-known investor services
Series EE Savings Bond
inflation
25. Brokers who provide clients with analysis and opinions
full-service broker
penny stocks
short term goal
deductible
26. Regular and planned investments
stocks
systematic investing
market risk
capital gain
27. Summary of a corporation's financial condition
annual report
phishing
state income tax
share account
28. Pooling of money from many investors to buy a large & diverse selection of securities
wants
Securities and Exchange Commission
mutual funds
universal default
29. Brokers who provided little or no information to clients
discount brokers
ATM - Automatic Teller Machine
deductible
financial advisers
30. An amount that credit card companies can charge for the use of a credit card.
diversification
put-and-take account
annual fee
Series I Savings Bond
31. The place where stocks are bought and sold.
Investing
savings
stock market
Series EE Savings Bond
32. The amount of money someone is willing to loan you.
investing risk
social security tax
well-known financial newspapers
principal
33. Associated with owning stock of only one company
speculative investments
company risk
principal
delayed gratification
34. Earning interest on interest.
phishing
interest
time value of money
compounding interest rate
35. Coins & art & memorabilia or other items that are popular from time to time
credit report
collectibles
bank
futures
36. US treasury security that matures from a few days to one year
US Treasury Bills
values
well-known discount brokers
permanent investment
37. A certificate documenting the shareholder's ownership in the corporation
chapter 7
stock
state income tax
annuities
38. A legal process to get out of debt when you can no longer make all your required payments.
company risk
career
bank
bankruptcy
39. Companies that provide extensive financial data to clients
investor services
universal default
periodic or occasional expenses
market risk
40. Expenses that are not fixed.
variable expenses
share account
credit report
bank
41. Standard and Poor's and Moody's
diversification
risk management
well-known investor services
over-the-limit fee
42. A form of bankruptcy that allows you to erase most of your debt.
full-service broker
chapter 7
futures
Series EE Savings Bond
43. Earning interest on interest.
compounding interest rate
social security tax
well-known investor services
well-known discount brokers
44. Movement of money you receive and the money you spend
cash flow
share draft account
company risk
Investing
45. The date on which the borrowed money must be repaid
Securities and Exchange Commission
company risk
values
maturity date
46. Another term for budget
US Treasury Bills
risk averse
portfolio
spending plan
47. US treasury security that matures from a few days to one year
principal
diversification
stock
US Treasury Bills
48. The idea that money today is worth more than the same amount of money in the future due to its potential earning capacity.
time value of money
risk management
budget
stocks
49. Wall Street Journal and Barron's
well-known financial newspapers
spyware
put-and-take account
credit
50. A unit of ownership in a corporation
stocks
risk averse
variable expenses
futures