Economics Total Recall (Personal Finance)

Front

Which one of the following terms is an organized spending plan for one's money?
Options: Cost System Analysis, Bankruptcy, Budget, Profit and Loss Statement

Back

Budget

Front

Why do women need to save more money than men for retirement?

Back

They tend to live longer on average, women still earn less than men in some jobs, and women take time off from their jobs to have/raise children.

Front

Term for money paid regularly at a particular rate for the use of borrowed money.

Back

Interest

Front

Which federal agency protects deposits in commercial banks?
SSEPF2
Options: FDIC, IRS, DEA, EPA

Back

FDIC

Front

A system to make financial loss more affordable by transferring it from individuals to large groups is called:

Back

Insurance

Front

A person from an insurance company sent to determine the value of property that was damaged or destroyed is called an:

Back

Adjuster

Front

Financial institution licensed to receive deposits and make loans.

Back

bank

Front

A cost that varies with the level of output.

Back

variable costs

Front

Expending money with the expectation of achieving a profit.

Back

investing

Front

Institution that accepts savings at interest and lends money to savers chiefly for home mortgages, but may also have checking and other accounts.
SSEPF2a

Back

savings and loan