Exam Review Flashcards
(48 cards)
The ways in which people make, distribute, and use their goods and services is called the…
Economy
Interest earned on previously earned interest is called…
Compound Interest
Financial Plans that are 5+ years off are called…
Long term goals
The trade-off made by making one choice instead of another is…
Opportunity Cost
Saving for vacation next summer or paying off a small debt are examples of…
Short-term Goals
Spending, saving, and investing to have the kind of life you want and financial security can be achieved by…
Personal Financial Planning
The amount of goods and services available is called…
Supply
The central banking organization for the USA is called…
Federal Reserve System
Hair styling and bookkeeping are examples of…
Services
A series of equal regular deposits is called an…
Annuity
Someone who enjoys nature and the outdoors may have an aptitude for a career in…
Forestry Management
A demographic trend that has boosted careers in health, physical fitness, and recreational products is more…
LeisureTime
In recent years, some of the fastest growing job markets have been in…
Arizona
High interest rates are likely to reduce employment opportunities in…
Construction
A good way to gain experience that sometimes leads to permanent employment is an…
Internship
A cover letter gives a potential boss…
the reason you want the job
Good places to look for job listings include all EXCEPT…
the Occupational Outlook Handbook
A pension plan is…
Retirement Plan funded by..
An example of a tax exempt benefit is…
Free Life Insurance
By law, an employer must pay a portion of…
Social Security
A disadvantage of using a safe deposit box for keeping financial documents is that…
It can cost up to $100 to rent
An example of a liquid asset is a….
Savings Account
An example of a current liability is…
Taxes
A cash flow statement gives you important feedback on your…
Income and Spending Patterns
