Unit 4 JA Finance: Budgeting

What is a Bond?

• A IOU issued by a company municipality or the federal government.

• Something you need to survive in the society

• An Automatic saving a amount from a paycheck for future use.

• Expenditures

My mom plans to lose weight before her wedding that is 3 months away. What term best describes this statement?

• Short-term option

• Long-term goal

• long-term option

• short-term goal

Coach Collins plans to build a new gym for the basketball team in 2 years. What term best fits this statement?

• long-term goal

• Short-term option

• Expenditures

• wants

What does the term principal mean?

• The amount of money saved in your bank account for a rainy day.

• The amount of money originally invested.

• The commitment money to gain a profit or earn interest.

A business that provides money related services.

• Preschool

• Burger king

• Financial Institution

What does the term opportunity cost mean?

• The next best alternative given up when making a financial choice.

• The next best choice given to a teacher instead of a student.

• A fee received or paid for the use of money

These are expenses that do not change month to month?

• Fixed expenses

• Budgeting

• Variable expenses

• Discretionary Income

I plan to manage my money better this month, I have been doing too much spending. Which statement best describes this statement?

• Budgeting

• Fixed expenses

• Variable expenses

• Interest

The possibility of financial loss or physical harm?

• Fixed expenses

• Risk

• Savings account

Walmart has a limited amount of soap that I use for my skin condition. What term describes this statement?

• Fixed expenses

• Scarcity

• Opportunity cost

• Pay Yourself First