Unit 11 Ga Studies

Front

In order for an individual to be able to cover all living expenses, which of the following must exceed spending?
savings, interest, income, credit

Back

income

Front

Placing money aside for a use in a later time is called

Back

saving

Front

When looking to purchase a home in the future, it is a good idea to

Back

place money into savings

Front

Credit cards, home mortgages, and auto loans all charge the consumer what when used?

Back

interest

Front

When setting up a personal budget, besides income, which is the NEXT most important thing to consider?

Back

expenses

Front

The annual salary one is paid for doing a job or providing a service is called one's

Back

income

Front

A person who creates, organizes, and manages a business is called

Back

an entrepreneur

Front

Which is an accurate definition of the term interest?

Back

the amount of money a bank charges on a loan

Front

Borrowing money, charging a purchase, and taking out a student loan are all examples of

Back

credit

Front

Which is the BEST explanation for why people invest money?

Back

People invest because they hope their money will grow