Category 1
Financial goals met within a short period of time.
a. bank
b. goals
c. money
g. rent
Immediate financial goals.
Exchanging money for a new PS4.
a. Transaction
b. Insurance
c. Interest Rates
d. Loans
A Transaction.
An economic goal met within a year or two.
a. Donating
b. Saving
c. Short-term financial goals.
d. Earning
Short-term financial goals.
Having someone perform a task or service in exchange for payment.
a. Insurance
b. Loans
c. Income
d. Services
Services.
A monetary goal achieved in more than two years.
a. Immediate financial goals
b. Loans
c. Long-term financial goals
d. Insurance
Long-term financial goals.
Vegetables and fruits on sale at an open market.
a. Spending
b. Transactions
c. Goods
d. Loans
Goods.
Putting money aside and not spending it over a short or long period of time.
a. Saving
b. Immediate financial goals
c. Feeds
d. Lending
Saving.
Giving acts of services, goods, or money without expecting anything in return.
a. Stocks
b. Goods
c. Fees
d. Donating
Donating.
Using money to receive services and goods.
a. Principal Amount
b. Spending
c. Lending
d. Borrowing
Spending.
The agreed upon amount of money an organization or person borrows.
a. Lending
b. Principal Amount
c. Borrowing
d. Fees
Principal amount.
An unique investment that buys you partial ownership of a company.
a. Loans
b. Stocks
c. Lending
d. Borrowing
Stocks.
Receiving money that not only has to be paid off but with added interest.
a. Loans
b. Borrowing
c. Lending
d. Donating
Borrowing.
Goods and services being exchanged for each other or for money.
a. Trading
b. Interest Rates
c. Insurance
d. Transaction
Trading.
Receiving a borrowed amount of money that must be paid back with interest.
a. Loans
b. Investing
c. Trading
d. Transaction
Loan.
Monetary charges from organizations for setting up accounts or completing transactions.
a. Earning
b. Trading
c. Services
d. Fees
Fees.
Receiving money for performing a task or a service.
a. Immediate financial goals
b. Earning
c. Principal amount
d. Loans
Earning.
Money that is obtained by preforming a service or through a successful investment.
a. Income
b. Transaction
c. Spending
d. Saving
Income.
The agreed upon percentage that must be paid out annually on a principal amount (borrowed amount).
a. Spending
b. Trading
c. Transactions
d. Interest Rates
Interest Rates.
An organization that acts as the middle man for money transactions, savings, and mortgages.
a. Goods
b. Insurance
c. Financial Institutions (Banks).
d. Donating
Financial Institutions (Bank).
The purchasing of an asset with the expectation that it will become profitable in the future.
a. Short-term financial goals
b. Trading
c. Goods
d. Investing
Investing.
An organization you pay monthly or annually that will offer a payout if certain something happens to you or your property/business
a. Spending
b. Transaction
c. Borrowing
d. Insurance
Insurance
A large piece of debt used to purchase real estate that is paid off in installments each month.
a. Mortgage
b. Bank Debt
c. Loans
d. Borrowing
Mortgage
Mrs. B is providing a large some of money to her sister in order to help her purchase a house. Mrs. B is expecting the money returned in full, without interest, by the end of the year.
a. Earning
b. Lending
c. Principle Amount
d. Borrowing
Lending
A house, building, apartment, and or plot of land.
a. Long-term financial goals
b. Services
c. Real Estate
d. Investing
Real Estate
A long-term liability a business takes on by borrowing money from its bank.
a. Bank Debt
b. Loans
c. Stocks
d. Savings
Bank Debt