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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. Another term for budget
dollar cost average
dividend
phishing
spending plan
2. Business Weekly & Forbes & Money
APR - Average Percentage Rate
credit union
well-know financial magazines
company risk
3. The unique passcode number you use to get access to your savings and/or checking account
annual fee
wants
Personal Identification Number - PIN
social security tax
4. 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.
APR - Average Percentage Rate
annual report
credit report
state income tax
5. Standard and Poor's and Moody's
well-known investor services
phishing
annual fee
dividend
6. A formal contract to repay borrowed money with interest at fixed intervals
debit card
bond
credit
well-known investor services
7. Amount of money that is set aside for future purchases
savings
well-known investor services
share account
put-and-take account
8. The amount of money someone is willing to loan you.
company risk
principal
market risk
well-know full-service brokers
9. Spreading risk among many types of investments; one way to minimize risk
opportunity cost
diversification
cash flow
options
10. The entire amount of money you owe to lenders
debt
principal
wants
stock market
11. Investors who are afraid to make investments
Rule of 72
risk averse
state income tax
deductible
12. The idea that money today is worth more than the same amount of money in the future due to its potential earning capacity.
market risk
credit score
well-known discount brokers
time value of money
13. The credit union term for a savings account.
share account
interest
well-known financial newspapers
well-know financial magazines
14. People trained to give investment advise based on your goals & age & lifestyle & etc
initial investing
annual fee
credit limit
financial advisers
15. Things that add comfort and pleasure to your life but you can live without if you need to.
wants
debt
principal
Series I Savings Bond
16. Contacts to buy and sell commodities or stocks for a specific price on a specific date
coverage limit
risk averse
non-market risk
futures
17. A form of bankruptcy that allows you to erase most of your debt.
chapter 7
collectibles
Temporary investment
mutual fund
18. The amount a corporation borrowed in a bond situation
capital gain
principal
collectibles
political risk
19. Maximum amount of credit a lender will extend to a customer.
compounding interest rate
credit limit
inflation
diversification
20. Losses in an investment as a result of the business cycle
savings
market risk
well-know financial magazines
bank
21. Conservative investing; used when you have 'excess' savings
Personal Identification Number - PIN
initial investing
Series I Savings Bond
mutual fund
22. The maximum amount an insurance company will pay if you file a claim.
coverage limit
well-known discount brokers
capital gain
Series EE Savings Bond
23. US treasury security that matures in 30 years
US Treasury Bonds
principal
full-service broker
options
24. Property consisting of houses and land
well-known investor services
bankruptcy
real estate
stocks
25. Brokers who provided little or no information to clients
stocks
investing risk
discount brokers
US Treasury Notes
26. A general and progressive increase in prices
checking account
company risk
collectibles
inflation
27. A bank account against which the depositor can draw checks payable on demand.
stock
dividend
checking account
corporate bonds
28. A goal to be achieved within the next three months.
inflation
pay yourself first - P.Y.F.
short term goal
pay yourself first - P.Y.F.
29. Summary of a corporation's financial condition
well-know full-service brokers
annual report
cash flow
social security tax
30. Expenses that aren't paid every month and can be either fixed or variable.
state income tax
credit report
Securities and Exchange Commission
periodic or occasional expenses
31. Brokers who provided little or no information to clients
budget
debt
risk taker
discount brokers
32. The place where stocks are bought and sold.
stock market
savings account
risk management
market risk
33. Regular and planned investments
Rule of 72
chapter 13
systematic investing
company risk
34. Smaller decisions that can result from a major decision.
Personal Identification Number - PIN
opportunity cost
satellite decisions
stocks
35. US treasury security that matures in 2 & 5 & or 10 years
dollar cost average
company risk
US Treasury Notes
initial investing
36. The willingness to give up something you want now in return for something better in the future.
universal default
real estate
delayed gratification
US Treasury Notes
37. The date on which the borrowed money must be repaid
maturity date
Series I Savings Bond
APR - Average Percentage Rate
industry risk
38. Collection of investments
savings
portfolio
well-know financial magazines
real estate
39. A form of bankruptcy that allows you to erase most of your debt.
dollar cost average
chapter 7
credit history
opportunity cost
40. Expenses that are not fixed.
maturity date
mutual fund
speculative investments
variable expenses
41. On a credit card - the length of time you have before you start accumulating interest on an unpaid balance.
Series I Savings Bond
interest
savings
grace period
42. The increase or decrease in the original purchase price of an investment over a period of time.
futures
rate of return
dollar cost average
state income tax
43. The use of long-term savings to earn a financial return
well-known discount brokers
chapter 7
stocks
Investing
44. The chance that an investment's value will decrease
credit limit
APR - Average Percentage Rate
investing risk
debt
45. A bank account against which the depositor can draw checks payable on demand.
checking account
investor services
risk taker
credit report
46. The right & not the obligation & to buy or sell commodities or stocks for a specific price on a specific date
principal
share draft account
dollar cost average
options
47. A for-profit company that is owned by its stockholders and provides savings and checking accounts and other financial services to its customers.
tax deferred
grace period
bank
inflation
48. The practice of investing a fixed amount into the same investment at regular intervals - regardless of what the stock market is doing.
interest-rate risk
Temporary investment
Investing
dollar cost average
49. Investing with a series of regular payments; usually associated with life insurance companies
annuities
credit
collectibles
real estate
50. Investment choices that will be re-evaluated within a year or less
interest
penny stocks
Temporary investment
wants