What is a checking account used for?

To keep money in a safe place until u want to spend it

The amount that producers are able to produce

The amount that producers are able and willing to spend

Someone who spends their money on a good or service

A plan showing how income is spent

The money you receive on a regular basis from work

A plan showing how income is to be spent

What is the role of a producer?

To provide or create goods and services

What is an investment?

A purchase of goods that are not used today but n the futur

Methods used to gain more customers and earn more profits

What is the Federal Reserve Bank?

The central banking organization in the U.S.

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Personal Finance

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Milestone Test Questions

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Questions 17

Answers

1
What are taxes?
Parent's credit score
Credit that you give to your neighbor
To collect funds for the gov't to use on goods & services
Money the stores collect to pay for gas
2
What is credit?
Required payments made to the government
A promise of payment @ a future time.
The amount that producers are able to spend.
The ability to spend money
3
What is a checking account used for?
To use your check card
The central banking organization in the U.S.
Food, clothes, jewelry
To keep money in a safe place until u want to spend it
4
What is supply?
Someone who spends their money and doesn't save
When you have to give away supplies to others
The amount that producers are able to produce
The amount that consumers are able and willing to buy
5
What is demand?
To ask for something
A TV show that comes on Thursday's at 9pm
The amount that producers are able and willing to spend
Its what the government do to gain order
6
What is a consumer?
Someone who spends their money on a good or service
Someone who tells the gov't what to do
Someone who lives with the president
A plan showing how your money is spent
7
What are examples of goods?
Your uncle and aunt
Goodwill Store
cat, dog, worm
food, shirt, jewelry
8
What is a budget?
A plan showing how income is spent
A plan to give money away
A place to buy a car
A place to rent a car
9
What is income?
The money you receive on a regular basis from work
A method that people use to bring money in from other places
When you have to come in the house
The check you get back from your taxes
10
What is a budget?
The amount a consumer spends on goods
A plan showing how income is to be spent
Money received on a regular basis
A credit card
11
What is the role of a producer?
To make music
To make movies
To provide or create goods and services
To eat things in nature
12
What is a savings account?
A spending account
An account that earns interest
An account uses for investing
the government's Check book
13
What is an investment?
To keep money in a safe place until you are ready 2 spend it
A purchase of goods that are not used today but n the futur
to create a good
Money received on a regular basis
14
What is competition?
The central banking organization
Methods used to gain more customers and earn more profits
to win, win, win
A plan to show how income is to be spent
15
What does it mean to invest?
a plan showing how income is to be spent
to use money to gain a profit
to spend money
to save money
16
What is the Federal Reserve Bank?
The Mall in Washington D.C
The central banking organization in the U.S.
A shopping center
A place to exchange money for gold
17
What are the roles of a consumer?
To give money to the poor
To save money
to spend money
To take money to the bank

Personal Finance Flashcards | StudBud