Financial Planning
Flashcard
•
Other
•
9th - 12th Grade
•
Hard
Wayground Content
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22 questions
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1.
FLASHCARD QUESTION
Front
Which of the following is known as purchasing an item on a whim? Impulse, Fixed, Flexible, Online purchase
Back
Impulse
2.
FLASHCARD QUESTION
Front
What is the first step of the decision making process?
Back
Identify the decision
3.
FLASHCARD QUESTION
Front
Which of the following best describes a budget? A financial tool for consumers with little money, A plan for saving and spending money, A set of restrictions on how to spend money, A statement of your assets and liabilities
Back
A plan for saving and spending money
4.
FLASHCARD QUESTION
Front
What is the purpose of a balance sheet?
Back
To determine your net worth
5.
FLASHCARD QUESTION
Front
Which of the following is known as something you own: Liabilities, Assets, Net worth, Gross income?
Back
Assets
6.
FLASHCARD QUESTION
Front
Which of the following is known as something you owe: Assets, Liabilities, Identity theft, Budgeting?
Back
Liabilities
7.
FLASHCARD QUESTION
Front
What is an example of assets?
Back
Paid off house
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