Let's Get Financial Lit!
A Lender
What is the term for the general increase in the prices of goods and services in an economy?
Inflation
Interest that is compounded daily is compounded __________ times per year.
365
Long term goals are goals that will take more than __ years
5
What is my baby's name?
Aurelia
Resources given up when a choice is made
Opportunity Cost
Oh no! The sketchy business that opened up last week sold you a fake Labubu, who would you report them to?
Better Business Bureau
If I borrow $200 at a 10% interest rate, how much will I have to pay back in a year.
$220
You want to save up for a down payment to buy a Labubu next month, this is an example of what kind of goal?
Short term goal.
This holiday occurs on March 14th and celebrates a never-ending math number.
Pi Day
The study of how wealth is created and distributed is __________
Economics
Oh no! You ate some bad sushi from the gas station, the sold you 12 year old sushi! Who would you report this to?
The Food and Drug Association
When talking about interest, what is the the initial amount invested/borrowed called?
Principal
Michael wants to buy a car within the next 2.1 years, what kind of goal is this considered?
Intermediate goal.
This is the only even prime number.
2
The major function of personal financial planning is to ___________________________?
Achieve personal economic satisfaction
This president in 1962 introduced the consumer bill of rights and stated that consumers have fundamental rights when buying products.
John F. Kennedy
Simple interest deals with principal. Compound interest deals with_______________
Principal and interest
In S-M-A-R-T goals, what does the R stand for?
Realistic.
This U.S. state is known for having more cows than people in some areas, and is famous for potatoes.
Idaho