U5-Saving Investing-L1-Choose to Save Flashcards

Increase vocabulary skills through repetition to increase comprehension of curriculum

1
Q

earning interest on interest

A

compound interest

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

purchase of goods and services

A

consumption

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

complete a task yourself rather than paying someone else to do it

A

do it yourself

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

cash set aside to cover the cost of unexpected events

A

emergency savings

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

price paid for using someone else’s money

A

interest

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

percentage rate used to calculate interest

A

interest rate

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

how quickly and easily assets can be converted to cash

A

liquidity

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

something of owned of value

A

asset

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

saving for future by putting money aside before paying regular expenses/spending money

A

pay yourself first

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

original amount of money saved or invested

A

principal

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

accumulation of excess funds by intentionally spending less than you earn

A

saving

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

portion of income not spent on consumption

A

savings

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

money available today is worth more than the same amount if received in the future

A

time value of money

How well did you know this?
1
Not at all
2
3
4
5
Perfectly