
Personal Finance Final - Dec. 2024
Flashcard
•
Financial Education
•
9th - 12th Grade
•
Practice Problem
•
Hard
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50 questions
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1.
FLASHCARD QUESTION
Front
Having a(n) ________ means the amount of your liabilities is larger than the value of your assets.
Back
negative net worth
2.
FLASHCARD QUESTION
Front
________ means having the knowledge and skills to manage your personal finances.
Back
Financial literacy
3.
FLASHCARD QUESTION
Front
As a(n) ________, it's up to you to make choices about what you buy and use.
Back
consumer
4.
FLASHCARD QUESTION
Front
_______ is a fee charged for using borrowed money for a purchase,
Back
Interest
5.
FLASHCARD QUESTION
Front
Personal finance is 20% head knowledge about money. What is the other 80%?
Back
Behavior
6.
FLASHCARD QUESTION
Front
Living on less than you make means not...
Back
...spending all of your money.
7.
FLASHCARD QUESTION
Front
The Five Foundations provide a simple _____ to help you win with money.
Back
action plan
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