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Competent Financial Literacy Quiz (Easy)

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Competent Financial Literacy Quiz (Easy)

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Test your financial literacy knowledge by passing the quiz before time expires!

Created by

WM
WM
United States

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Competent Financial Literacy Quiz (Easy)
 

Competent Financial Literacy Quiz (Easy)Online version

Test your financial literacy knowledge by passing the quiz before time expires!

by WM
1

What is a number showing how well you manage borrowed money?

2

What is it called when you spread your money across different investments?

3

What is the original amount of money borrowed or invested called?

4

What is the cost of borrowing money, including interest and fees, called?

5

What is a retirement plan offered by employers called?

6

What do you call the chance of losing money on an investment?

7

What is the maximum amount you can borrow on a credit card?

8

What is it called when you replace a loan with a new one for better terms?

9

What is a category that determines how much tax you pay based on income?

10

What is interest earned on both the principal and the accrued interest?

11

What is anything valuable you own, like money, a house, or gold?

12

Something that costs you money but doesn't make you more money is called a:

13

Money or resources you can use to start or grow something, like a business or investment, is called:

14

A strategy to help you manage your money and reach your financial goals is called a:

15

How much and how quickly the value of an investment goes up or down is called:

16

A legal process for people or businesses who cannot pay their debts is called:

17

The value of what you own (assets) minus what you owe (liabilities) is called:

18

How comfortable you are with the possibility of losing money on an investment is called:

19

A significant decline in economic activity spread across the economy, lasting more than a few months is called a:

20

Interest that is only calculated on the original amount of money invested or borrowed is called:

21

The percentage of available credit a person is using, which affects their credit score is called:

22

When there is more of something than is needed, it’s called a:

23

When there are not enough resources to meet people’s wants and needs, it’s called:

24

When taxes on income or investments are delayed until a later time, it’s considered:

25

All the investments you own is called your:

26

A percentage showing how much money you made compared to what you invested is called a:

27

Dividing your money among different types of investments to balance risk and reward is called:

28

The central bank of the United States that controls the money supply and interest rates is called the:

29

An exchange where investors buy and sell shares of public companies is called the:

30

Property consisting of land, and anything permanently attached to it or built on it, whether natural or man-made is called:

31

Someone who starts or owns a business is called a:

32

How quickly you can turn something into cash without losing value is called:

33

The total value of all goods and services a country produces in a year is called the:

 
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