Chapter 10 Personal Finance

Increase in the amount of money as a result in interest or dividends earned

The central banking system of the US is called the

Earning interest on previously earned interest is called

Study of decisions that go into making, distributing and using goods and services

Interest rates provide an indicator of how well people are living?

Financial plans that are more than five years away are called

The first step in financial planning is to determine your current financial status

Saving for vacation next summer or paying off small debts by the end of the year is a

Saving money for the holidays is a long term goal?

A series of equal, regular deposits is called an annuity?

Beliefs and principles that a person considers important, correct and desirable

A new car is an example of a need

Spending, saving and investing to have the kind of life you want is called

The main cause of inflation is an increase in demand without an increase in supply

The amount of goods and services available for sale is called

The way in which people make, distribute and use their goods and services is called

You can buy and touch intangible items

The trade off by making one choice instead of another is called

Hairstyling and bookkeeping are examples of

The amount of goods and services people are willing to buy

General rise in the level of prices for good and services over time

The amount of money you need to deposit now to attain a desired amount in the future is

The Federal Reserve System is the central bank of the United States

Amount of money deposited and on which interest is paid

The ability to convert financial resources is called

A series of regular deposits is called

Supply and demand are examples of market forces