Financial Planning Review Game

An investment that is easily converted to cash is considered

What is the relationship between risk and reward?

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

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

Where would a mortgage payment be placed in a budget?

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

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

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

Inflation risk is the risk that

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

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

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

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?

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

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

Workers with knowledge-based education and managerial skills are

The amount one pays on an insurance policy.

Why do wages differ between the categories of labor?

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

No training is required for this form of labor.

Equity is found by

Net worth is found by

Money an individual or organization owes

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

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?

High return on an investment is associated with

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