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chapter 3

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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Term
Definition
Market value   show
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show Documents that provide information about your current financial position and present a summary of your income and spending  
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show Extra money that can be spent or saved  
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Net worth   show
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deficit   show
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show The method of planning how to get the most from you money  
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Current liability   show
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Liquid assets   show
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Discretionary income   show
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Safe-deposit box   show
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show This shows important feedback on your incomes and spending patterns.  
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Liabilities   show
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show An example of this would be an electric bill  
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Setting goals   show
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show TRUE  
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A home fire safe-box is a good way to protect an important document from theft.   show
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A measure of the changes in prices for commercially purchased goods and services is called the consumer price index.   show
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A telephone bill is a liability.   show
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Insolvency happens when the total of your liabilities is greater than your assets.   show
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Real estate is an example of a liquid asset.   show
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show FALSE  
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show TRUE  
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show TRUE  
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show FALSE  
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