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Personal finance test
Personal finance test
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StudBud Administration
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#superduperquiz
Flashcards
16 cards
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Practice quiz
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Questions
16
Answers
1
general rise in prices or goods over time
liquidity
values
inflation
goal
2
example of a short term liability
taxes
student loans
mortgage loan
car loan
3
what did kenny get on the test
80%-70%
50%
100%-90%
0%
4
plan to save and spend money over time
budget variance
money mangement
budget
net worth
5
method of planning how to get the most of your money
budget variance
liability
budget
money management
6
what 2 parts of a budget should equal
assets/cashflow
debts/income
expenses/liabilities
fixed expenses/debts
7
the role of an(____) is to work a specific job to earn money
boss
employer
worker
employee
8
fdic protects you from
bank failure
economy crashing
great depression of '29
back closure
9
report that accounts for the difference between the bank statement and checkbook statement
debit card
deposit
reconciliation
endoresement
10
service offered by bank to protect you from overdrawing or bouncing a check
deposit protection
overdraft protection
interest protection
withdraw protection
11
short term employment opportunity usually done "just for money"
career
job
resume
time value of money
12
needs are(____), something you need to(____)
(essential)(survive)
(values)(trade off)
(self image)(attitude)
(survive)(essential)
13
situation that occurs when somebody spends more then they recieve
budget
surplus
deficit
liability
14
assets-(____)=net worth
liabilities
value
liquid assets
deficit
15
how do you begin to balance your checkbook
compare bank statement and check book register
add intrest
subtract fees
write down deposits
16
the F in FDIC means
fart
federal
formal
fundemantal