Ultimate Quiz: Financial Literacy Test!

15 Questions | By Alston Christopher | Updated: Mar 21, 2022 | Attempts: 87

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Ultimate Quiz: Financial Literacy Test! - Quiz

Financial knowledge is important for everyone, irrespective of their field of study or occupation. The quiz below is designed to test how well you know some basic financial terms and what they mean. Do you think you re knowledgeable enough to tackle them and answer correctly? Try it out and see how high you score and what new words you will get to learn.

Questions and Answers

1.

___________refers to "the ability to use knowledge and skills to manage financial resources effectively for a lifetime of financial well-being.
2.

____________is statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period.
3.

___________ is one of the financial statements of a company that shows the company’s revenues and expenses during a particular period.
4.

In financial accounting, a ____________, is a financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents, and breaks the analysis down to operating, investing and financing activities
5.

_________ refers to what you own.
6.

____________ is an increase in the value of a capital asset (investment or real estate) that gives it a higher worth than the purchase price.
7.

These are otherwise known as equities which represent ownership in a company. __________
8.

____________ is an asset class that pertains to physical goods such as gold, copper, crude oil, natural gas, wheat, corn, and even electricity
9.

_________________ is a risk management technique that mixes a wide variety of investments within a portfolio.
10.

A ___________ is an investment to reduce the risk of adverse price movements in an asset. Normally, it consists of taking an offsetting position in a related security, such as a futures contract.
11.

The process of forecasting one's tax liability and formulating ways to reduce it is referred to as _______________.
12.

A __________ is a security with a price that is dependent upon or based on one or more underlying assets. It is itself is a contract between two or more parties based upon the asset or assets. Its value is determined by fluctuations in the underlying asset.
13.

futures, forwards and swaps are examples of ________________
14.

For a , __________ security, the periodic return on the investment is the same throughout the life of the security.
15.

_____________ is a process or a trading tool employed to evaluate securities and attempt to forecast their future movement by analyzing statistics gathered from trading activity, such as price movement and volume.

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Current Version
Mar 21, 2022

Quiz Edited by
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Feb 17, 2018

Quiz Created by
Alston Christopher

Ultimate Quiz: Financial Literacy Test!

___________refers to "the ability to use knowledge and skills to manage financial resources effectively for a lifetime of financial well-being.

____________is statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period.

___________ is one of the financial statements of a company that shows the company’s revenues and expenses during a particular period.

In financial accounting, a ____________, is a financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents, and breaks the analysis down to operating, investing and financing activities

_________ refers to what you own.

____________ is an increase in the value of a capital asset (investment or real estate) that gives it a higher worth than the purchase price.

These are otherwise known as equities which represent ownership in a company. __________

____________ is an asset class that pertains to physical goods such as gold, copper, crude oil, natural gas, wheat, corn, and even electricity

_________________ is a risk management technique that mixes a wide variety of investments within a portfolio.

A ___________ is an investment to reduce the risk of adverse price movements in an asset. Normally, it consists of taking an offsetting position in a related security, such as a futures contract.

The process of forecasting one's tax liability and formulating ways to reduce it is referred to as _______________.

A __________ is a security with a price that is dependent upon or based on one or more underlying assets. It is itself is a contract between two or more parties based upon the asset or assets. Its value is determined by fluctuations in the underlying asset.

futures, forwards and swaps are examples of ________________

For a , __________ security, the periodic return on the investment is the same throughout the life of the security.

_____________ is a process or a trading tool employed to evaluate securities and attempt to forecast their future movement by analyzing statistics gathered from trading activity, such as price movement and volume.