Financial Planning Review Game

Money an individual or organization owes

Net worth is found by

A statement that lists out a person’s payment history.

The theory that wages are based on the supply and demand for a worker's skills is the

A plan that allows people to keep track of what they make and what they spend.

What insurance only protects a person from large bills due to a catastrophic illness/injury

What car insurance covers the cost of property damage/injuries to others caused by policyholder

The amount one pays on an insurance policy.

This type of labor can use complex equipment and needs little supervision (ex: carpenters).

Workers with knowledge-based education and managerial skills are

Equity is found by

High return on an investment is associated with

Where would a mortgage payment be placed in a budget?

Inflation risk is the risk that

What insurance provides income over a specified period when a person is ill or unable to work?

What is the relationship between risk and reward?

Which of the following is not a mandatory deduction from a persons paycheck?

Anything an individual or business owns that has commercial or exchange value is called a(an)

Why wouldn’t a full time college student be considered part of the civilian labor force?

To pay yourself 1st, what is the 1st thing that needs to come out of disposable income

Where would a movie be placed in one’s  budget?

What type of labor would some one working at McDonalds be considered?

Property (like a house or farm) that the bank will receive if a loan is not repaid.

Why would wages differ from region to region for the same job?

Why do wages differ between the categories of labor?

The traditional theory of wage determination: explains diff in wage rates between occupations

The theory of negotiated wage determination: explains diff in wage rates between occupations

An investment that is easily converted to cash is considered

No training is required for this form of labor.