Financial Literacy

To protect yourself from risk, you should consider insuring your major assets.

The first step of developing a personal financial plan is:

The price that is paid for the use of another’s money is called:

The ability to easily convert financial assets into cash without loss in value:

Which of the following is the LEAST liquid:

Buying a car, getting into college, and making the sports team are all examples of:

Something necessary or required for life:

Which of the following options is the MOST liquid:

How many components are in the financial planning process?

Long-term financing to borrow $ is usually available at the same interest rates as credit cards

The formula for net worth is

Something that is desirable, worthwhile, and important:

What is given up when making one choice instead of another is called a(n):

Arranging to spend,save, &invest $ to live comfortably, have financial security, &achieve goals

Something unnecessary but desired: