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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. The process of dealing with the chance of a potential personal or financial loss.
savings
risk management
variable expenses
spending plan
2. Investment choices that will be held for long periods
permanent investment
social security tax
investor services
short term goal
3. Property consisting of houses and land
real estate
bankruptcy
well-known investor services
investor services
4. The credit union term for a savings account.
dividend
annual report
share account
real estate
5. The amount a corporation pays at a fixed amount when repaying a bond
bond
annual report
short term goal
interest
6. The use of long-term savings to earn a financial return
annual report
Investing
portfolio
US Treasury Notes
7. A unit of ownership in a corporation
stocks
well-know financial magazines
grace period
cash flow
8. The difference between a higher selling price and a lower purchase price - resulting in a financial gain for the seller
cash flow
capital gain
coverage limit
diversification
9. The credit union term for a savings account.
share account
US Treasury Bonds
compounding interest rate
systematic investing
10. A legal process to get out of debt when you can no longer make all your required payments.
annuities
spending plan
budget
bankruptcy
11. An electronic machine that bank customers and credit union members can use to withdraw cash and make other financial transactions.
over-the-limit fee
strategic investing
debit card
ATM - Automatic Teller Machine
12. The amount a corporation borrowed in a bond situation
credit report
credit limit
principal
short term goal
13. Charles Schwab & TD Ameritrade & E*TRADE
dollar cost average
well-known discount brokers
futures
bank
14. The setting aside of money for future use or other investments
Rule of 72
well-known investor services
stock
pay yourself first - P.Y.F.
15. Wall Street Journal and Barron's
investing risk
APR - Average Percentage Rate
interest-rate risk
well-known financial newspapers
16. A general and progressive increase in prices
US Treasury Bonds
stocks
inflation
credit history
17. Uncontrollable and unpredictable events that cause an investment to lose value
non-market risk
well-know financial magazines
US Treasury Bills
maturity date
18. A for-profit company that is owned by its stockholders and provides savings and checking accounts and other financial services to its customers.
ATM - Automatic Teller Machine
political risk
APR - Average Percentage Rate
bank
19. Expenses that aren't paid every month and can be either fixed or variable.
savings account
interest-rate risk
well-known investor services
periodic or occasional expenses
20. Losses in an investment as a result of the business cycle
yield
options
penny stocks
market risk
21. A form of bankruptcy that allows you to erase most of your debt.
debt
bank
interest
chapter 7
22. The right & not the obligation & to buy or sell commodities or stocks for a specific price on a specific date
financial advisers
Investing
compounding interest rate
options
23. Investors who take to take chances
risk taker
well-know full-service brokers
share account
annuities
24. The unique passcode number you use to get access to your savings and/or checking account
Personal Identification Number - PIN
municipal bonds
credit score
spending plan
25. Charles Schwab & TD Ameritrade & E*TRADE
delayed gratification
company risk
well-known discount brokers
chapter 7
26. Actions that the government might take that would reduce the value of an investment
pay yourself first - P.Y.F.
capital gain
interest
political risk
27. 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.
spyware
annual fee
Temporary investment
interest-rate risk
28. A form of bankruptcy that allows you to repay many of your debts over a period of time - usually no more than five years.
chapter 13
debt
well-know financial magazines
US Treasury Bonds
29. A payroll deduction collected by employers by law and sent to the state government to support state services.
credit
state income tax
delayed gratification
financial pages
30. The profit from an investment.
yield
investing risk
Personal Identification Number - PIN
APR - Average Percentage Rate
31. Debt obligations of corporations
diversification
corporate bonds
penny stocks
dividend
32. Companies that provide extensive financial data to clients
investor services
chapter 7
initial investing
capital gain
33. A technique to gain personal information for the purpose of identity theft - usually by means of fraudulent e-mail or pop-up messages.
phishing
Temporary investment
grace period
credit report
34. Money used for short-term needs like emergencies; advisers recommend three to six months' net pay for set aside for this
maturity date
put-and-take account
municipal bonds
values
35. The belief - qualities - or standards that you consider important or desirable.
risk
credit history
futures
values
36. Investors who take to take chances
put-and-take account
bond
Rule of 72
risk taker
37. Investing with a series of regular payments; usually associated with life insurance companies
political risk
Rule of 72
put-and-take account
annuities
38. Amount of money that is set aside for future purchases
savings
career
permanent investment
phishing
39. Debt obligations of state or local governments
initial investing
penny stocks
municipal bonds
well-know full-service brokers
40. Another term for budget
bankruptcy
market risk
risk management
spending plan
41. Standard and Poor's and Moody's
rate of return
annuities
checking account
well-known investor services
42. A chosen pursuit - profession - or occupation
stocks
career
APR - Average Percentage Rate
investor services
43. The portion of the profits paid to the shareholders of a company.
dividend
portfolio
risk averse
well-know financial magazines
44. 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.
investor services
APR - Average Percentage Rate
debit card
bond
45. Regular and planned investments
systematic investing
bank
full-service broker
spending plan
46. Summary of a corporation's financial condition
investor services
financial pages
annual report
systematic investing
47. The probability that injury - damage - or loss will occur.
annuities
risk
universal default
stock
48. The maximum amount an insurance company will pay if you file a claim.
Temporary investment
coverage limit
values
pay yourself first - P.Y.F.
49. A legal process to get out of debt when you can no longer make all your required payments.
bankruptcy
short term goal
opportunity cost
pay yourself first - P.Y.F.
50. 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.
budget
capital gain
social security tax
options