The DSST Personal Finance exam tests the ability to understand credit and debt; major purchases; taxes; insurance; investments; and retirement and estate planning. The DSST Personal Finance exam contains 100 questions to be answered in 2 hours. Exam content: Foundations of Personal Finance – 8% a. Financial planning process b. Budgeting c. Cash management e. Certification in financial planning Credit and Debt – 15% a. Credit and debit cards b. Installment loans c. Interest calculations d. Federal credit laws e. Creditworthiness, credit scoring and reporting f.... Show more The DSST Personal Finance exam tests the ability to understand credit and debt; major purchases; taxes; insurance; investments; and retirement and estate planning. The DSST Personal Finance exam contains 100 questions to be answered in 2 hours. Exam content: Foundations of Personal Finance – 8% a. Financial planning process b. Budgeting c. Cash management e. Certification in financial planning Credit and Debt – 15% a. Credit and debit cards b. Installment loans c. Interest calculations d. Federal credit laws e. Creditworthiness, credit scoring and reporting f. Bankruptcy Major Purchases – 15% a. Auto, furniture, appliances b. Housing Taxes – 15% a. Payroll b. Income c. IRS and audits d. Estate and gift e. Tax planning/estimating f. Progressive vs regressive g. Other Taxes Insurance – 15% a. Risk management b. Life policies c. Property and liability policies d. Health, disability and long-term care policies e. Specialty insurance f. Insurance analysis and sources of information Investments – 16% a. Liquid Assets b. Bonds c. Equities d. Mutual funds and exchange traded funds e. Other types of Investment f. Sources of information g. Time value of money h. Asset/portfolio allocation Retirement and Estate Planning – 16% a. Terminology b. Qualified retirement accounts c. Social security benefits d. Wills, trusts and estate planning e. Tax-deferred annuities Related test: DSST Personal Finance Exam Practice Test 1 Show less
The DSST Personal Finance exam tests the ability to understand credit and debt; major purchases; taxes; insurance; investments; and retirement and estate planning.
The DSST Personal Finance exam contains 100 questions to be answered in 2 hours.
Exam content:
Foundations of Personal Finance – 8% a. Financial planning process b. Budgeting c. Cash management e. Certification in financial planning
Credit and Debt – 15% a. Credit and debit cards b. Installment loans c. Interest calculations d. Federal credit laws e. Creditworthiness, credit scoring and reporting f. Bankruptcy
Major Purchases – 15% a. Auto, furniture, appliances b. Housing
Taxes – 15% a. Payroll b. Income c. IRS and audits d. Estate and gift e. Tax planning/estimating f. Progressive vs regressive g. Other Taxes
Insurance – 15% a. Risk management b. Life policies c. Property and liability policies d. Health, disability and long-term care policies e. Specialty insurance f. Insurance analysis and sources of information
Investments – 16% a. Liquid Assets b. Bonds c. Equities d. Mutual funds and exchange traded funds e. Other types of Investment f. Sources of information g. Time value of money h. Asset/portfolio allocation
Retirement and Estate Planning – 16% a. Terminology b. Qualified retirement accounts c. Social security benefits d. Wills, trusts and estate planning e. Tax-deferred annuities
Related test: DSST Personal Finance Exam Practice Test 1
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