Labor and Compensation
The type of labor that does not require any special skills, training, or education.
What is UNSKILLED LABOR?
A fridge is an example of this type of good.
Type of fund for unexpected expenses.
The type of APR when interest rates do not stay the same.
What is SALARY?
Ziplock bags are an example of this type of good.
What is DISPOSABLE GOOD?
What is CASH?
The type of loan that is one-time, for a specific purpose.
What is an INSTALLMENT LOAN?
A dentist is an example of this type of labor.
What is PROFESSIONAL LABOR?
This type of investment has the highest risk.
What are INDIVIDUAL STOCKS?
The measure of how responsible you are for paying back debt.
What is a CREDIT SCORE?
This retirement plan is run by an individual.
What is a 401K?
The recommended ratio for budgeting needs, wants, and savings.
What is 50/30/20?
A medium to long term investment, backed by the US government.
What is a GOVERNMENT BOND?
I spent $750 this month and forgot to make the minimum payment. This vocabulary term is what happens because of it.
What is DEFAULT?