Know these terms.
Help!
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| goals | the things you want to accomplish
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| personal financial planning | spending, saving, and investing your money so you can have the kind of life you want as well as financial security
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| values | the beliefs and principles you consider important, correct, and desirable
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| opportunity cost | what you give up when you make one choice instead of another
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| liquidity | the ability to easily convert your financial resources into cash without a loss in value
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| service | a task that a person or machine performs for you
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| good | a physical object that is porduced and can be weighed or measured
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| economics | the study of the decisions that go into making, distributing, and using goods and services
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| economy | consists of the ways in which people make, distribute, and use their goods and services
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| supply | the amount of goods and services that are available
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| demand | the amount of goods and services people are willing to buy
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| 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.
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| inflation | the rise in the level of prices for goods and services
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| consumer | a person who purchases or buys and uses goods or services
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| interest | the price that is paid for the use of another's money
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
Mrs. Sutherland
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