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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. Newspapers list of securities
wants
well-known investor services
financial pages
stocks
2. The credit union term for a savings account.
pay yourself first - P.Y.F.
share account
Rule of 72
opportunity cost
3. Merrill Lynch & Fidelity Investments & American Express
full-service broker
state income tax
well-know full-service brokers
universal default
4. Expenses that aren't paid every month and can be either fixed or variable.
chapter 13
interest
well-know full-service brokers
periodic or occasional expenses
5. The portion of the profits paid to the shareholders of a company.
spyware
compounding interest rate
credit union
dividend
6. Standard and Poor's and Moody's
yield
budget
risk management
well-known investor services
7. 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.
Series I Savings Bond
savings account
annual report
principal
8. The belief - qualities - or standards that you consider important or desirable.
well-known financial newspapers
spending plan
well-know financial magazines
values
9. Newspapers list of securities
savings
systematic investing
penny stocks
financial pages
10. Property consisting of houses and land
share draft account
real estate
mutual fund
capital gain
11. A unit of ownership in a corporation
stocks
mutual funds
delayed gratification
tax deferred
12. Associated with owning stock of only one company
inflation
non-market risk
company risk
debit card
13. Another term for budget
spending plan
municipal bonds
debit card
time value of money
14. 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.
mutual fund
debt
credit history
APR - Average Percentage Rate
15. The amount of a loss you must pay out of your own pocket before the insurance company will step in and pay the rest.
portfolio
options
inflation
deductible
16. A technique used for estimating the number of years required to double your money at a given rate
credit history
permanent investment
Rule of 72
Personal Identification Number - PIN
17. Investors who take to take chances
financial pages
penny stocks
dividend
risk taker
18. A clause included in many credit card company agreements that allows a credit card company to increase your interest rate if you make just one late payment.
portfolio
time value of money
universal default
options
19. Losses in an investment as a result of the business cycle
credit report
market risk
financial pages
principal
20. The maximum amount an insurance company will pay if you file a claim.
coverage limit
Investing
spending plan
credit
21. Earning interest on interest.
credit union
permanent investment
compounding interest rate
well-known discount brokers
22. A payroll deduction collected by employers by law and sent to the state government to support state services.
maturity date
strategic investing
spyware
state income tax
23. Debt obligations of corporations
Personal Identification Number - PIN
corporate bonds
strategic investing
wants
24. A summary of a person's borrowing and repayment history.
credit history
annual report
stock
coverage limit
25. Uncontrollable and unpredictable events that cause an investment to lose value
non-market risk
deductible
capital loss
phishing
26. A technique used for estimating the number of years required to double your money at a given rate
share draft account
Rule of 72
permanent investment
well-know financial magazines
27. The value of What is given up when you choose one option over another.
maturity date
US Treasury Bonds
opportunity cost
principal
28. A government sector that requires all public corporations to make annual reports available to their stockholders
company risk
satellite decisions
pay yourself first - P.Y.F.
Securities and Exchange Commission
29. Bonds designed for investors wanting to protect again inflation losses
municipal bonds
rate of return
Series I Savings Bond
periodic or occasional expenses
30. Investment choices that will be held for long periods
permanent investment
US Treasury Bonds
political risk
well-know financial magazines
31. Coins & art & memorabilia or other items that are popular from time to time
Rule of 72
dollar cost average
collectibles
real estate
32. People trained to give investment advise based on your goals & age & lifestyle & etc
credit union
bankruptcy
variable expenses
financial advisers
33. Smaller decisions that can result from a major decision.
chapter 7
satellite decisions
put-and-take account
Investing
34. The probability that injury - damage - or loss will occur.
Series EE Savings Bond
risk
delayed gratification
put-and-take account
35. A certificate documenting the shareholder's ownership in the corporation
stock market
stock
options
investor services
36. The difference between a lower selling price and a higher purchase price resulting in a financial loss for the seller
universal default
company risk
capital loss
Investing
37. Regular and planned investments
systematic investing
satellite decisions
savings account
savings
38. The portion of the profits paid to the shareholders of a company.
interest
dividend
mutual fund
over-the-limit fee
39. Debt obligations of state or local governments
municipal bonds
options
collectibles
principal
40. Business Weekly & Forbes & Money
well-know financial magazines
Securities and Exchange Commission
market risk
credit score
41. The profit from an investment.
variable expenses
initial investing
yield
industry risk
42. A detailed record of your personal credit and financial transactions.
savings account
credit report
bond
Series I Savings Bond
43. A form of bankruptcy that allows you to erase most of your debt.
principal
US Treasury Bills
chapter 7
investing risk
44. Earning interest on interest.
interest
compounding interest rate
ATM - Automatic Teller Machine
opportunity cost
45. The amount of money someone is willing to loan you.
yield
well-known financial newspapers
yield
principal
46. The entire amount of money you owe to lenders
opportunity cost
strategic investing
budget
debt
47. A form of bankruptcy that allows you to erase most of your debt.
credit
chapter 7
principal
bankruptcy
48. Another term for budget
spending plan
universal default
spyware
debt
49. Discount bonds; a bond purchased for less than the maturity value; example you buy a $50 bond for $25
Series EE Savings Bond
bankruptcy
universal default
investor services
50. Bonds designed for investors wanting to protect again inflation losses
universal default
annual fee
deductible
Series I Savings Bond