PERSONAL FINANCE PART ONE
Flashcard
•
Social Studies
•
12th Grade
•
Practice Problem
•
Hard
Wayground Content
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25 questions
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1.
FLASHCARD QUESTION
Front
What is a budget?
Back
A budget is a financial plan that estimates income and expenses for a specific period of time.
2.
FLASHCARD QUESTION
Front
What is a fixed expense?
Back
A fixed expense is a recurring cost that remains the same each month.
3.
FLASHCARD QUESTION
Front
What is a variable expense?
Back
A planned expense that can change each month.
4.
FLASHCARD QUESTION
Front
What is a certificate of deposit?
Back
A certificate of deposit is a financial product offered by banks and credit unions that allows individuals to deposit money for a fixed period of time at a fixed interest rate.
5.
FLASHCARD QUESTION
Front
What is a stock?
Back
A stock is a type of investment that represents ownership in a company.
6.
FLASHCARD QUESTION
Front
What is a mutual fund?
Back
A mutual fund is an investment that contains a variety of stocks.
7.
FLASHCARD QUESTION
Front
What is diversification?
Back
Not putting all your eggs in one basket.
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