Personal Financial Planning

True or False- Your personal financial plan will never change throughout your entire lifetime.

The study of decisions that go into making, distributing, & using goods & services is called:

T or F- It is important to consider the time value of money when you spend, save, or invest.

When getting a loan from a bank/financial institution, pick the MOST favorable interest rate:

The amount an original deposit will be worth in the future based on earning a set interest rate

The amount of money you would need to deposit now in order to have a desired amount..

Who is responsible for determining interest rates:

True or False- Your values have no affect on your financial matters.

What is the formula to solve for interest?

True or False- Getting your haircut is an example of a service.

Goals should be...

When investing into an interest-bearing account (earning $ on principal), pick the best rate:

Pick the true statement.

_______ is caused by an increase in demand without an increase in supply.

True or False- Money in a savings account has low liquidity.

A series of equal regular deposits is called a(n):

The first step in reaching your financial goals is:

An individual who purchases or uses goods or services is known as:

True or False- Supply and Demand has little to no effect on prices of merchandise.

True or False- Principal is the original amount of money on deposit.

True or False- When you get paid or receive money, it is important to pay yourself first.

T or F- The Fed's primary role in the U.S. economy is the regulation of money supply.

The notion that supply and demand determine prices is what type of factor:

Which of the following is NOT a benefit of personal financial planning?

True or False- An example of a durable good is a gallon of milk.

A plan for arranging to spend, save, and invest money to help achieve financial security.

What are the things you want to accomplish called?

How long should you plan for to achieve a short term goal?

Interest Rates will have an impact on: