OCS ECONOMICS/PERSONAL FINANCE FINAL REVIEW

Front

What does the S in the SMART Goals acronym represent?

Back

Specific

Front

What does the R in the SMART Goals acronym represent?

Back

Realistic

Front

Bank accounts in most banks are protected by the FDIC by up to $_____

Back

$250,000

Front

This type of for-profit financial institution is owned by its investors.

Back

Bank

Front

Scholarships and grants are unique in that the student who is awarded them...

Back

Will not have to pay back the amount over time

Front

It usually takes three months for your budget to begin working well.

Back

True

Front

With all investments, as the risk goes up, the return goes up.

Back

True

Front

Not every state has a sales tax

Back

True

Front

Liquidity is how easily you can access your money.

Back

True

Front

People spend less money when they use cash.

Back

True