Unit 1: Managing Personal Finances Flashcards

1
Q

Personal financial

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2
Q

Financial literacy

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3
Q

Spending

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4
Q

Saving

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5
Q

Sharing

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6
Q

Values

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7
Q

Consumer prices inflation

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8
Q

Interest rates

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9
Q

Opportunity cost

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10
Q

Time value of money

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11
Q

Balance sheet

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12
Q

Assets

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13
Q

Liabilities

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14
Q

Current liabilities

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15
Q

Long-term

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16
Q

Net worth

A
17
Q

Insolvency

A
18
Q

Cash flow statement

A
19
Q

Income

A
20
Q

Take-home pay

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21
Q

Discretionary income

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22
Q

Fixed expenses

A
23
Q

Variable expenses

A
24
Q

Budget

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25
Q

Deficit

A
26
Q

Surplus

A