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Balloons
Bananas
Rhinoceros
Ice Cream
Europe
100
something you hope to accomplish within a year
What is a short-term goal?
100
a plan for dividing income among spending and saving options
What is a budget?
100
your signature on the back of a check
What is an endorsement?
100
abbreviated as PIN
What is a personal identification number
100
an economy in which the government owns most resources and makes most economic decisions
What is a command economy?
200
a planning document on which you record your expected and actual income and spending over a month
What is a budget worksheet?
200
the difference between money received from selling a product and the cost of producing that product
What is profit?
200
the three C's of credit
What is character, capacity, and capital?
200
a company that collects information about consumers' credit history and sells it to lenders
What is a credit bureau?
200
amounts you can choose to spend or not to spend in your budget
What is a flexible expense?
300
an order to a bank to pay a specified sum to the person or business named
What is a check?
300
the creation of goods and services
What is production?
300
when your bank pays your bills automatically from your account at the end of each month
What is an automatic withdrawal?
300
having your paychecks deposited directly into your account
What is direct deposit?
300
a choice made in an organized, logical manner
What is a rational buying decision?
400
an expense you are committed to pay
What is fixed expense?
400
checks that you pay for in advance and will be replaced if lost or stolen
What is a traveler's check?
400
the price at which the quantity supplied exactly equals the quantity demanded
What is the equillibrium price?
400
a mixture of a market and command economy
What is a mixed economy?
400
a loan backed by collateral
What is a secured loan?
500
the value of your next best alternative
What is opportunity cost?
500
the time between the billing date and the payment due date
What is the grace period?
500
an economy in which ways to produce products are passed from one generation to the next
What is a traditional economy?
500
three taxes taken from your paycheck
What is state income tax, federal income tax, FICA/social security?
500
a bank's own check signed by the bank's cashier
What is a cashier's check?