Personal Finance Flashcards
0
Q
Human capital
A
The knowledge and skill that people obtain through education experience and training
1
Q
Personal finance
A
Management of money and financial decisions for for a person or family
Example investments budgeting retirement plan
2
Q
Taxes
A
Government fees on business and individual in come activities property or products that people require to pay
3
Q
Credit
A
The granting of money of something of value in exchange for payment I the future
4
Q
Budget
A
A plan for managing income spending and saving during a given period of time
5
Q
Interest
A
The price of using someone else’s money. Those who borrow from banks pay interest for use of money borrowed
