Personal Finance Chapter 1 Vocabulary Flashcards
1
Q
Beliefs and principles considered important to you.
A
Values
2
Q
the amount a deposit would be worth in the future
A
Future Value
3
Q
How quickly you can convert an asset into case without loss of value.
A
Liquidy
4
Q
What you give up when making one choice over another
A
Opportunity Cost
5
Q
How much goods and services people are willing to buy
A
Demand
6
Q
the way you spend/save/invest money to have the kind of life you want.
A
Personal Financial Planning
7
Q
the amount of money that you invest
A
Principle
8
Q
The study of the decisions that go into making, distributing and using goods and services
A
Economics
9
Q
The general rise in prices over time.
A
Inflation
10
Q
The price that is paid to use another’s money
A
Interest
