bugeting
what is a plan to mange your earning and expenses
a budget
if 1 CAD is 2 USD how much is 12 USD in CAD
24 CAD
what is an interest rate
An interest rate is the amount of money due per time period
What is an financial rate
Finance rate is the rate at which interest is charged by a lender from the borrower
what is an expense
the cost required for something; the money spent on something.
what is a budget
A budget is a plan you write down to decide how you'll spend your money
if 1 YEN is 1.50 USD how much is 4 YEN
6 USD
What is compound interest?
This type of interest grows faster because it’s based on the original money and the interest already earned.
What is a mortgage
a morgage is when you borrow money and agree to pay it back over a long period of time
What is currency?
currency is a type of money that can buy things
what does it mean to pay yourself first
savings
if 27 Rupees. is 1 CAD how much is 81 Rupees in CAD
3 CAD
What is inflation?
when costs of things go up
whats a financial decision
a financial decision is when you spend your money wisely
whats better for day to day transactions
savings or checking account
what is income
its when you get money regularly when you do something
if 27 rupees where 7 Pesos how many pesos would you have if you had 162 rupees
you would have 42 chliein pesos
brock put $1500 in a savings account that pays 2% interest per year how much would he gain after 1 year
brock would gain $30 after 1 year
what do you have to consider when thinking about financial decisions
your income and expenses
is paying rent an expense
YES
whats a retirement account
Its an account for when you save for a long time to save for when your old and planing to retire
What is an converson
its changing to currency's to an other one
If you take a $10000 loan from the bank with a 4% interest over 3 years how much money would you pay in total
$120 000
What is prime rate
it is the interest rate banks charge their best customers
is food an expense
YES