24/25 Money Matters Midterm

Front

Individual’s belongings which have value

Back

assets

Front

The measure of a country’s output of goods and services within its borders

Back

Gross Domestic Product

Front

Money borrowed for personal reasons; to be repaid within a specific time frame and with added interest

Back

personal loan

Front

Relies on spoken or written words to share information with others

Back

verbal communication

Front

Goals set to be achieved in about 10 or more years

Back

long term

Front

Allows individuals to have their paycheck or other payments deposited directly into their account

Back

Direct deposit

Front

The measure of the cost of credit; expressed as a yearly rate

Back

annual percentage rate

Front

Employer-sponsored benefit plans which provide individuals with the chance to put a portion of their earnings in a financial portfolio; contributions are exempt from income tax and can be rolled over into an IRA or future employer’s 401K plan

Back

401K

Front

The Internet is the communication technology of the future. Because it is so commonly used, it has its own set of rules called

Back

Netiquette

Front

The total of an individual’s current liabilities and subtracting them from his total current assets

Back

net worth