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Consumer Math Project Flashcards | StudBud
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Consumer Math Project
Consumer Math Project
13 terms
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StudBud Administration
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29 plays
this is a consumers math project
Flashcards
13 cards
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Practice quiz
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Questions
13
Answers
1
What is an obligation of repayment owed by one party to a second party
Cash
Debt
Credit Card
Loan
2
What is the knowledge necessary to be an informed consumer
Financial literacy
Personal Finance
Economy
Interest
3
Which level of financial well being is living paycheck to paycheck
Comfort
Survival
Secure
4
What is the granting of a loan and the creation of debt
Payment
Loan
Credit
Debt
5
Which level of financial well being does your wealth generate your income
Secure
Comfort
Survival
6
What is a system by which goods and services are produced and distributed
Economy
Personal Finance
Loan
Consumer
7
A person or organization that uses a product or service
Consumer
Human
Financial Literacy
Personal Finance
8
What is a fee paid by a borrower to the lender
Loan
Debt
Finance
Intrest
9
Why is it important to set money goals
You're more likely to achieve a goal if you write it down
It isn't.
To help you not go into debt
To spend money on unneeded things
10
What is personal finance
The amount of money someone makes
All the financial decisions an individual or family makes
The amount of money someone saves
The amount of money someone spends
11
Which level of financial well being do you have a basic understanding of money management
Comfort
Secure
Survival
12
What is the financial reality of most Americans
Wealthy
Well off
In debt
Homeless
13
What is a debt evidenced by a "note"
Loan
Debt
A notebook
Paycheck
