| Question |
Answer |
| Liquidity |
ability to easily convert financial resources into cash w/o loss of value |
| Personal Financial Planning |
the way you spend, save, & invest your $ to have the kind of life you want as well as financial security |
| Principal |
amount of $ deposited & on which interest is paid |
| Economics |
study of the decisions that go into making, distributing, & using goods & services |
| Values |
Beliefs & principles that a person considers iportant, correct, & desirable |
| Future Value |
amt. that your original deposit will be worth in the future based on a specific interest rate over a specific period of time |
| Present Value |
amt. of $ you need to deposit now to attain a desired amt. in the future |
| Time Value of $ |
increase in an amt. of $ as a result of interest or dividends earned |
| Demand |
amt. of goods & services ppl are willing to buy |
| Economy |
the ways in which people make, distribute, & use their goods & services |
| Long-term Goals |
financial plans that are more than 5yrs off |
| Services |
Exc: cake decorating, tailoring, accounting |
| Supply |
amt. of goods & services available |
| Intermediate Goals |
saving for a mission's trip 2 summers away |
HHS Shrek
