EARNING
SPENDING
SAVING
BORROWING
GOALS
100
Showing a responsible approach to choices, considering obligations to others
What is Responsible
100
A period in which individuals/businesses are finanacially successful and thriving
What is prosperity
100
Items with lasting value, the purchase of which is considered a form of savings
What is durable goods
100
Borrowing; buying now, paying later
What is credit
100
Something a person intends to acquire, achieve, reach, or accomplish
What is goal
200
The total output of goods and services in a nation
What is gross domestic product
200
An economic period of six months or more when growth is slowed down
What is recession
200
The amount of money people save in an economy
What is saving rate
200
Percentage of amount borrowed to be added to the amount loaned and paid back
What is interest rate
200
A figure that can be objectively assesed
What is Measurable
300
To get a promotion and/or raise in salary
What is advance
300
Individuals, families, business and nations have limited resources with which to meet the unlimited needs and wants of consumers/citizens
What is Law of Scarcity
300
Having enough mone saved to be able to withstand crises and emergencies
What is financial security
300
A period in which demand for goods/services is high and prices continue to rise
What is inflation
300
Able to be reached
What is Attainable
400
The amount of goods/services an employee produces
What is productivity
400
The choice of one item while giving up another
What is trade-off
400
Putting money aside for later use
What is saving
400
Obtaining money, goods, or services in exchange for promise of future payment
What is borrowing
400
In keeping with reality, likely to happen
What is realistic
500
Money gained from earning
What is earnings
500
The highest valued alternative that must be given up when a choice is made
What is opportunity cost
500
forming the habit of saving regularly and finding forms of saving that yield high returns
What is responsible saving
500
One's willingness and ability to pay back what is owed when it is due helps determine
What is good credit
500
Containing a date when a goal will be reached
What is time-bound
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