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vocab

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Question
Answer
Liquidity   ability to easily convert financial resources into cash w/o loss of value  
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Personal Financial Planning   the way you spend, save, & invest your $ to have the kind of life you want as well as financial security  
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Principal   amount of $ deposited & on which interest is paid  
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Economics   study of the decisions that go into making, distributing, & using goods & services  
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Values   Beliefs & principles that a person considers iportant, correct, & desirable  
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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  
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Present Value   amt. of $ you need to deposit now to attain a desired amt. in the future  
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Time Value of $   increase in an amt. of $ as a result of interest or dividends earned  
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Demand   amt. of goods & services ppl are willing to buy  
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Economy   the ways in which people make, distribute, & use their goods & services  
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Long-term Goals   financial plans that are more than 5yrs off  
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Services   Exc: cake decorating, tailoring, accounting  
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Supply   amt. of goods & services available  
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Intermediate Goals   saving for a mission's trip 2 summers away  
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Created by: Butterfly92
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