Financial Literacy Basics - Chapter 1

The beliefs, behaviors, and other characteristics common among a group or society is their __.

The value of a dollar goes down as prices rise, making buying power lower, during ___.

Value of the option you give up.

Exploring all alternatives and choosing the best alternative are two steps in the ___.

Tools you can use to reach your goals.

The _____ is the change in total cost of using one more unit.

Influences the way you live and think as well as your decisions and behavior.

Items that can be touched, used, and purchased are considered to be___________.

Objective to be attained in a specific amount of time.

______ are the state of the economy at a given time.

The choices you make when you give up one choice over another is a(n) ___________.

Government program that provides financial benefits to eligible citizens.

Established measure of quality, value, or quantity.

A _____ purchases goods and services for his or her own use.

Overview of an individual's current financial position and strategies to meet future goals is__

Things that a person desires but can live without are __________.

Consumers spend less and save more and unemployment rises during __.

Moral principles or beliefs that direct a person's behavior

Having the ability to understand basic topics related to finance is ___.

Paying to have your hair cut, lawn mowed, taxes filed, or house cleaned are all examples of __.