Financial Literacy Basics - Chapter 1

Things that a person desires but can live without are __________.

Having the ability to understand basic topics related to finance is ___.

Consumers spend less and save more and unemployment rises during __.

Items that can be touched, used, and purchased are considered to be___________.

Paying to have your hair cut, lawn mowed, taxes filed, or house cleaned are all examples of __.

The choices you make when you give up one choice over another is a(n) ___________.

The beliefs, behaviors, and other characteristics common among a group or society is their __.

The marginal benefit of using each additional unit tends to decrease as the quantity used increases

Overview of an individual's current financial position and strategies to meet future goals is__

Moral principles or beliefs that direct a person's behavior

The value of a dollar goes down as prices rise, making buying power lower, during ___.

Exploring all alternatives and choosing the best alternative are two steps in the ___.

The _____ is the change in total cost of using one more unit.

A _____ purchases goods and services for his or her own use.

Value of the option you give up.

Objective to be attained in a specific amount of time.

Government program that provides financial benefits to eligible citizens.

______ is the state of the economy at a given time.

Influences the way you live and think as well as your decisions and behavior.

Tools you can use to reach your goals.