Personal Decision Making

What is the term for managing money, including saving and taxing?

• Income

• Personal Finance

• Budget

• Expenses

What is the loss of potential gain from other alternatives when one alternative is chosen?

• Assets

• Scarcity

• Opportunity Cost

• Trade-Off

What is essential for a healthy relationship?

• Wants

• Needs

• Values

• Criteria

What is the insufficiency or shortness of supply called?

• Scarcity

• Bankruptcy

• Debt

• Interest

What is bankruptcy?

• Debt

• Bankruptcy

• Expenses

• Budget

What is an estimate of income and expenditure for a set period?

• Budget

• Criteria

• Income

• Assets

What does it mean to invest?

• Save money in a bank

• Spend money expecting profit

• Donate to charity

• Borrow from a bank

What is a savings account?

• A loan

• A bank account that earns interest

• A credit card

• A stock investment

What does a credit score represent?

• Money in your savings account

• A rating of a person's ability to fulfill financial commitments

• The interest rate on a loan

• The value of your investments

What is an action plan?

• A type of insurance policy

• A strategy or course of action

• A financial investment

• A savings account