Economics & Personal Finance Literacy

Money that is owed is called?

How a government manages their resources (products & distribution) is

What does "PFL" stand for?

Which transaction is being made to reduce a debt on a loan?

An example of a product is

Which example represents a resource becoming (the process) a product?

The percentage of a sum of money charged for its use is?

Which of these is most associated with an economic depression?

The term bater means?

Which of these is fossil fuels?

A business agrees with a bank that allows you to borrow money based on ability to repay later?

A person that buys products and/or uses a service is?

If your credit score is low the bank will charge a higher

In which economic system does the government control the production and set prices of goods?

This type of economy people are free to buy, sell, produce, and price whatever they want?

Inflation can be defined as?

When you deposit money into your checking account the transaction is a?

A market without government controls or restrictions?

The monetary value of goods and services produced within a country's borders on a yearly bases?

An example of a service is

An example of a good is

Transunion, Equifax, and Experian are?

The place where an entrepreneur sells goods or service is the?

An arrangement where a company guarantees compensation for specific loss or damage?

a person that owns their own business is?

Based on the theory of Supply & Demand, when there is little inventory the price...

What kind of market does not respond to changes in supply and demand?

The process of buying goods from another country is

Economist call a recession that lasts a long time a?

An economy where the government allows private individuals to own major business is?

The cost of the product, shipping costs, and stocking inventory?

A tax on import goods is?

The term renewable resources refers to items that

The higher your credit score the more you can

When a business must fail or become obsolete because of new inventions and innovation is?

Payment history, credit utilization, mix of credit, and length of credit history affect your?

When you use your debit card to buy lunch at Red Robin the transaction is a?

The ability for a person to obtain goods & services before payment with a plan to pay it back?

What is the Federal Reserve, "The Fed?"

In a communist country all of the resources are owned by the