Personal Finance Final - May 2024

Flashcard
•
Other
•
10th Grade
•
Hard
Wayground Content
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48 questions
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1.
FLASHCARD QUESTION
Front
The typical ways to invest are real estate, stocks, bonds, and
Back
Mutual Funds
2.
FLASHCARD QUESTION
Front
Liquidity is
Back
Assets which can be converted to cash quickly
3.
FLASHCARD QUESTION
Front
Is it true that bankruptcy is a legal process used to settle debts that cannot be paid off?
Back
True
4.
FLASHCARD QUESTION
Front
Assets are something you own?
Back
True
5.
FLASHCARD QUESTION
Front
Liabilities are something you owe?
Back
True
6.
FLASHCARD QUESTION
Front
What is another name for "Take-home" pay?
Back
Net Income
7.
FLASHCARD QUESTION
Front
The IRS is a Federal Agency that is responsible for:
Back
Collecting income and payroll taxes and enforcing tax law.
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