| Question |
Answer |
| goals |
the things you want to accomplish |
| personal financial planning |
spending, saving, and investing your money so you can have the kind of life you want as well as financial security |
| values |
the beliefs and principles you consider important, correct, and desirable |
| opportunity cost |
what you give up when you make one choice instead of another |
| liquidity |
the ability to easily convert your financial resources into cash without a loss in value |
| service |
a task that a person or machine performs for you |
| good |
a physical object that is porduced and can be weighed or measured |
| economics |
the study of the decisions that go into making, distributing, and using goods and services |
| economy |
consists of the ways in which people make, distribute, and use their goods and services |
| supply |
the amount of goods and services that are available |
| demand |
the amount of goods and services people are willing to buy |
| Federal Reserve System |
the central banking organization of the United States an d it controls the money supply by determining interest rates and by buying or selling government securities. |
| inflation |
the rise in the level of prices for goods and services |
| consumer |
a person who purchases or buys and uses goods or services |
| interest |
the price that is paid for the use of another's money |
mr. charles11
