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Personal Finance
Investing
Savings
Checking
Show Me The Money
100
______________refers to the tradeoff when you make one financial choice instead of another?
What is Opportunity Costs
100
This term refers to the rate of interest on a bond.
What is coupon rate or the yield
100
The money you save is called your __________ .
What is savings
100
A written order directing a financial institution to pay money is called a ________ .
What is a Check
100
Take home pay is another name for _________ .
What is Net Pay
200
When more money is spent than is earned
What is deficit
200
This term refers to a share of profits given to stockholders?
What is a dividend
200
The Federal Deposit Insurance Corporation (FDIC) is a government agency that Insures _________ .
What are Bank Accounts
200
The person to whom a check is written is called the ________ .
Who is a payee
200
Expenses that occur regularly and are regularly paid are called _________ .
What are Fixed Expenses
300
A term that refers to a plan for using your income to best meet your wants and needs?
What is Budget
300
A share of ownership in a corporation is called a ________ .
What is Stock
300
A bank savings account that requires you to deposit a specific amount of money in an account for a set period of time is called a _________ (CD)
What is a Certificate of Deposit
300
When a person writes checks for more money than the balance in his/her account, the account is ________ .
What is Overdrawn
300
A general increase in the cost of goods and services is called ________ .
What is Inflation
400
Personal finance refers to all the things in your life that involve ________ .
What is Money
400
A profit made from the sale of a financial asset such as stock is called a(n) ________ .
What is a Captial Gain.
400
Brokerage firms offer a special type of savings account called a _________ .
What is a Money Market Account
400
The party who wrote the check and is paying the money is called the _________ .
Who is the Drawer
400
SMART stands for?
What is Specific, Measureable, Achievable, Realistic, Timely
500
The first step in the financial planning process involves ________ .
What is determining your current situation
500
An organized market for buying and selling financial securities is called a(n) ________
What is a Stock Exchange
500
The ability to easily convert your financial resources into cash without loss in value is called ________ .
What is Liquidity
500
The signature of the payee on the back of the check is called a(n) _________ .
What is the Endorsement
500
The difference between a budgeted amount and the actual amount you spend is called a budget _________ .
What is variance