Unit 3 Review (Personal Finance)

the work a person does

• labor
• income
• salary
• resources

a person's knowledge and work skills

• credit
• resources
• human capital
• savings

the amount of money a person can earn by being self-employed or by doing a job for another person or business

• salary
• scarce
• interest
• lend

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

to give money to someone else in exchange for something

• interest
• lend
• spend
• borrow

Tags

CCSS.RI.11-12.4

CCSS.RI.9-10.4

CCSS.RL.11-12.4

CCSS.RL.8.4

CCSS.RL.9-10.4

paying for something with money that is borrowed and must be paid back, usually with interest

• credit
• income
• resources
• salary

the money paid by the borrower to the lender for the use of the lender's money

• interest
• savings plan
• scarce
• purchase

Tags

CCSS.5.NBT.A.2

a plan that helps you save money regularly, so you can reach you goals

• credit
• savings plan
• borrow
• credit

not having enough resources or product

• lend
• borrow
• purchase
• scarce

Tags

CCSS.RI.11-12.4

CCSS.RI.9-10.4

CCSS.RL.11-12.4

CCSS.RL.8.4

CCSS.RL.9-10.4

What is a budget?

• A type of savings account

• A way to invest for retirement

• A fund for emergencies

• A financial plan that defines expenses for a period of time.

The granting of a loan and the creation of debt; any form of deferred payment

• annual fee

• credit