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Urbana-ChoosetoSave

FM1 choosing to save vs investing

QuestionAnswer
Assets Everything an individual or household owns with monetary values
compound interest earning interest on interest
Depository institution a business that offers banking & financial services
Goal the end result of somthing a person intends to acquire, achieve, do reach or accomplish
Interest the price of money
Interest rate the percentage rate paid on money invested or saved
investing the purchase of assets with the goal of increasing future income
level of living the amount of money needed to pay for the necessities and comforts currently enjoyed
liabilities Debts or what is owed to others
liquidity how quickly and easily an asset can be converted to cash
net income the amount of an individual's take home pay after taxes and deductions
net worth Amount of money left when liabilities are subtracted from assets
net worth statement Describes an individual or family's financial condition on a specified date
Created by: sfleece
Popular Family and Consumer sets

 

 



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