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quarter 1 1st 9 weeks review final exam flash cards

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
        Help!  

Term
Definition
goal   something a person intents to accomplish  
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short term goal   can be accomplished in less than 1 year  
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long term goal   can be accomplished in more than 1 year  
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SMART goal   specific measurable attainable realistic time bound a goal that explains exactly how you want to do something  
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education goal   helps individuals reach success in the work place  
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financial goal   a goal that guides financial planning  
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decision   a choice made that can affect yourself or other people  
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routine decision   a decision that you make without even thinking  
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major decision   a decision that requires thinking about  
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financial decision   how you spend your money  
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value   something that is worth something to you  
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well being   state of mind sanity  
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identify the problem   know the problem before searching for answers  
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list alternatives   brainstorm pros and cons for all possible solutions  
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decide   make the best choice after thinking about all the consequences  
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evaluate the results   this will help you with making better decisions in the future  
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need   something that you can't live without  
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want   something that you prefer to have but you can live without it  
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fiat money   money like cash or coins  
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representative money   paper that is not worth any value it self but can be exchanged for gold or silver (checks are similar to it)  
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bartering   trading one good for another  
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commodity money   type of precious medals in a coin  
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Created by: zjhicks
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