Financial Terms Quiz

Match the financial term with its correct definition: "Debt securities issued by a corporation or unit of government to raise money."

• Stocks

• Portfolio

• Net worth

• Bonds

Match the financial term with its correct definition: "Total assets minus liabilities or debt."

• Stocks

• Portfolio

• Net worth

• Bonds

Match the financial term with its correct definition: "Ownership of a corporation indicated by shares which represent a piece of the corporation's assets and earnings."

• Stocks

• Portfolio

• Net worth

• Bonds

What is an application fee?

• Money paid to secure a loan

• Money paid for legal advice on a loan

• Money paid to the bank or mortgage company to cover expenses of processing a loan application

• Money paid for the first installment of a loan

What does the term 'installments' refer to?

• A single sum of money which serves as complete payment

• Buyer gains use of the commodity immediately and pays for it in periodic payments

• A fee charged for late payment of a loan

• The initial payment made when securing a loan

What is a lump sum?

• A fee for extending the term of a loan

• A payment plan that allows for smaller, periodic payments

• A single sum of money which serves as complete payment

• The total amount of interest paid over the life of a loan

What term is used to describe a person who deposits money in a bank or who has a bank account?

• Interest

• Annual percentage rate

• Depositor

• Required minimum balance

What is the term for the amount of money paid to a customer for money on deposit with a financial institution, or the amount of money paid by a customer to a financial institution for borrowing money through a loan, credit card, etc.?

• Interest

• Annual percentage rate

• Depositor

• FDIC

What does FDIC stand for?

• Federal Deposit Insurance Corporation

• Financial Department of Investment and Credit

• Fiscal Deposit and Insurance Company

• Federal Department of Interest and Credit

What does APR stand for?

• Annual Percentage Rate

• Approved Percentage Rate

• Annual Profit Rate

• Annual Public Rate