giving resources or volunteering time to help those in need

a loan that a person uses to pay for things

considering diffrent information to make a choice

fees placed on income, purchases, property

when you purchase a security like a stock or bond

just like a bank only its members own it

helps people pay for medicine and doctors when they are sick

the price of goods and services rise over time

the cost we pay when we give up something to get something

helps people invest their money

the knowledge and skills to manage money

a goal that can be achived in a short amount of time

something you truely can not live without

something your build by going to school and working jobs

a fee added to the sticker price of an item

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JC Study Guide

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Questions 36

Answers

1
Money earned from working and other means
job
income
interest
income tax
2
The extra fee charged for borrowing money, or the cost of borrowing money.
income tax
impulse buying
salary
interest
3
Controlling risk -- stuff you do to make risk less dangerous
false
true
4
Charity
being trustworthy; being responsible
money earned rom working and other means
a person who starts his or her own buisness
giving resources or volunteering time to help those in need
5
Credit
a loan that a person uses to pay for things
giving resources or volunteering time to help those in need
something you would like to hve but will be ok without
an activity or action that might be dangerous
6
Decision making
to use money to buy stuff
work people get paid to do
being trustworthy; being responsible
considering diffrent information to make a choice
7
A spending plan people make in order to make sure there is enough income to cover all expenses
bank
taxes
wage
budget
8
Keeping important information to yourself or between yourself and close family members
budget
privacy
long- term goal
sales tax
9
What a person owns or value, such as jewelry savings, art, a home, and a car.
charity
bank
assets
career
10
money set aside for short- or long- term goals -- Savings
true
false
11
Taxes
the price of goods and services rise over time
money set aside for short- or long- term goals
fees placed on income, purchases, property
the cost of things that people spend money on
12
Investing
considering diffrent information to make a choice
when you purchase a security like a stock or bond
the cost we pay when we give up something to get something
a fee added to the sticker price of an item
13
Credit union
helps people invest their money
to use money to buy stuff
just like a bank only its members own it
the knowledge and skills to manage money
14
A place where people put there money for safekeeping, and for ease of use
wage
risk
want
bank
15
Health insurance
helps people pay for medicine and doctors when they are sick
the price of goods and services rise over time
money earned from working and other means
helps people invest their money
16
Inflation
the price of goods and services rise over time
the cost we pay when we give up something to get something
helps people invest their money
a fee added to the sticker price of an item
17
Entrepreneur -- the extra fee charged for borrowing money, or the cost of borrowing money
false
true
18
Opportunity cost
considering different information to make a choice
money earned from working and other means
the cost we pay when we give up something to get something
what you use to pay for something, like cash or credit
19
Brokerage firm
to use money to buy stuff
the price of goods and services rise over time
stuff you do to make risk less dangerous or not dangerous
helps people invest their money
20
Financial literacy
the knowledge and skills to manage money
work you do for money
helps people invest their money
the price of goods and services rise over time
21
The cost of things that people spend money on -- Expense
false
true
22
A person who is an expert at handling money -- Financial advisor
false
true
23
Short-term goal
a goal that can be achieved in a longer amount of time
a loan that a person uses to pay for things
an activity or action that might be dangerous
a goal that can be achived in a short amount of time
24
Spend
just like a bank but its members own it
work you do for money
helps people invest their money
to use money to buy stuff
25
Something you would like to have but will be ok without
want
wage
bank
spend
26
Being trustworthy; being responsible
privacy
risk
reliability
wage
27
A goal that can be achieved in a longer amount of time -- Short- term goal
true
false
28
A savings certificate that gains interest -- Financial advisor
false
true
29
Need
to use money to buy stuff
something you would like to have but will be ok without
work you do for money
something you truely can not live without
30
Career
being trustworthy: being responsible
the price of goods and services rise over time
something your build by going to school and working jobs
something you would like to have but will be ok without
31
Sales tax
helps people invest their money
the price of goods and services over time
the cost we pay when we give up something to get something
a fee added to the sticker price of an item
32
Job -- something you truly can not live without
false
true
33
Buying stuff without thinking about whether or not you need it
comparison shopping
opportunity cost
brokerage firme
impulse buying
34
Payment method -- a fee added to the sticker price of an item that is paid to the state or city
true
false
35
Doing stuff just because your friends are doing it, or because your friends told you to
decision making
peer pressure
brokerage firm
credit union
36
Payment for work, represented as a yearly sum and paid in portions every week, two weeks
taxes
job
wage
salary

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