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Money Management Flashcards | StudBud
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Money Management
Money Management
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StudBud Administration
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High School Personal Finance Money Management
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
A plan for using money to meet wants and needs?
Budget
Cash flow
Liquid assets
Balance Sheet
2
The difference between what you own and what you owe is called?
Assets
Net worth
Cash Flow
Liabilities
3
The price at which property will sell?
Supply and Demand
Market Value
Appraised Value
Trade Off
4
Money that comes out of your cash flow is called an ________?
Taxes
Expense
Surplus
Income
5
The amount of income left after taxes and other deductions taken out of your gross pay
Liquid Asset
Surplus
Take home pay
Budget
6
All the following are benefits of organizing your documents except?
Planning and managing your financial progress
Knowing where to find your personal information
Determining how much you have
Putting money in your checking account
7
Planning how to get the most from your money is an example of?
Net Worth
Liquidity
Insolvency
Money Management
8
Cash and items that can be converted to cash:
Real Estate
Wealth
Liquidity
Income
9
The debts you owe are called?
Income
Pension Plan
Assets
Liabilites
10
Determine your net cash flow by subtracting expenses from your _______?
Salary
Balance Sheet
Income
Gross Pay
