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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. Regular and planned investments






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






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






4. Wall Street Journal and Barron's






5. Uncontrollable and unpredictable events that cause an investment to lose value






6. Summary of a corporation's financial condition






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






8. Charles Schwab & TD Ameritrade & E*TRADE






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






10. A financial institution owned by its members that provides savings and checking accounts and other services to its membership at low fees.






11. The use of long-term savings to earn a financial return






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






13. The setting aside of money for future use or other investments






14. A chosen pursuit - profession - or occupation






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






16. Discount bonds; a bond purchased for less than the maturity value; example you buy a $50 bond for $25






17. A financial institution owned by its members that provides savings and checking accounts and other services to its membership at low fees.






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






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






20. Movement of money you receive and the money you spend






21. A card that is used to deduct a purchase amount directly from your checking account instead of drawing on a line of credit; also called 'check card.'






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






23. Brokers who provide clients with analysis and opinions






24. Standard and Poor's and Moody's






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






26. 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.






27. A unit of ownership in a corporation






28. Charles Schwab & TD Ameritrade & E*TRADE






29. Investing with a series of regular payments; usually associated with life insurance companies






30. The total amount of what it costs you to use credit in a given year. It is expressed as a percentage of the amount borrowed.






31. Investment choices that will be held for long periods






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






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






34. Is a numerical rating - based on credit report information that represents a person's level of creditworthiness






35. Wall Street Journal and Barron's






36. 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.






37. Investors who are afraid to make investments






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






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






40. Movement of money you receive and the money you spend






41. US treasury security that matures from a few days to one year






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






43. The place where stocks are bought and sold.






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






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






46. Another term for budget






47. Money used for short-term needs like emergencies; advisers recommend three to six months' net pay for set aside for this






48. The profit from an investment.






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






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







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Can you answer 50 questions in 15 minutes?


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