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






2. A bank account against which the depositor can draw checks payable on demand.






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






4. Companies that provide extensive financial data to clients






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






6. 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.






7. Investors who take to take chances






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






9. Bold and high-risk investments






10. 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.'






11. Another term for budget






12. The chance that an investment's value will decrease






13. An amount of money that is loaned on trust with the expectation that it will be repaid at a later date.






14. Losses in an investment as a result of the business cycle






15. Standard and Poor's and Moody's






16. A detailed record of your personal credit and financial transactions.






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






18. Brokers who provide clients with analysis and opinions






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






20. Charles Schwab & TD Ameritrade & E*TRADE






21. Expenses that are not fixed.






22. The chance that inflation will rise faster than the rate of return on an investment






23. A fee charged to a borrower (especially for a mortgage loan) to cover the costs of initiating the loan.






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






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






26. Companies that provide extensive financial data to clients






27. 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.






28. 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.






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






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






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






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






33. The portion of the profits paid to the shareholders of a company.






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






35. The amount a corporation borrowed in a bond situation






36. A chosen pursuit - profession - or occupation






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






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






39. A unit of ownership in a corporation






40. The chance that inflation will rise faster than the rate of return on an investment






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






42. The profit from an investment.






43. 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.






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






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






46. Brokers who provide clients with analysis and opinions






47. Summary of a corporation's financial condition






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






50. A general and progressive increase in prices







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


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