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Financial
Goals
Depository Instituion
Taxes
Future
100
Values, Needs, Wants
What is contibutes to make a financial decision
100
the end result of something a person intends to acquire, achieve, do, reach, or accomplish sometime in the near or distant future
What is a goal
100
businesses that makes money from receiving deposits and provides financial services.
What is a Depository Institution
100
A sum of money demanded by a government to support the government itself as well as specific facilities or services
What is Taxes
100
Assets - Liabilities
What is Equation for net worth
200
goods or services that are required for survival
What is a need
200
managing money continuously through life in order to reach financial goals
What is Financial Planning
200
For profit
What is a commercial bank used for
200
A person who pays a tax to national, state, county or municipal (city/town) governments
What is a Tax payer
200
A financial statement that describes an individual or family’s financial condition on a specified date by showing assets, liabilities, and net worth
What is Statement of financial position
300
a fundamental belief or practice about what is desirable, worthwhile, and important to an individual
What is a value
300
specific objectives (or goals) that are accomplished through financial planning
What is Financial Goals
300
Non-profit
What is a credit union used for
300
a group of people with common interests and concern for the common good
What is a community
300
Everything a person owns with monetary value
What is a Asset
400
the desire for goods and services that can increase our quality of life but are not absolutely necessary for our survival
What is a want
400
The acronym for a successful goal
What is SMART
400
Credit, Financial advice, Safe deposit box,
What is a service that are offered by depository institution
400
Income tax, excise tax, payroll tax, Property Tax, Sales Tax
What is the ways taxpayers pay for taxes
400
A debt or obligation owed to others
What is a liability
500
Physical, Intellectual, Social, Emotional, Financial
What is five domains of well being
500
S= Specific
What is the S stand for in SMART
500
the price paid for using someone else’s money
What is interest
500
taxes collected from the seller or retailer and as such often remain hidden in the price of a produce or service
What is Excise tax
500
Assets , liabilities, Net worth
What is three components of a statement of financial decision