quiz 2 appendix 3 Flashcards
1
Q
budget
A
a detailed schedule that documents your expected financial inflows and outflows
2
Q
discretionary costs
A
costs that you have control over ex drugs
3
Q
non-discretionary costs
A
costs that you have little control over ex rent
4
Q
4 things that come with a credit card?
A
- grace period
- interest rate
- late fees
- annual fees
5
Q
investing
A
reducing consumption in the current period in order to build wealth
6
Q
6 investment options
A
- common stock
- preferred stock
- bonds
- certificates of deposit
- mutual funds
- exchange traded funds
