P5- Q2 D1 Review

Samantha wants to learn more about financial issues that can affect her life. She is learning about ____________.

• personal finance

• personal financial planning

• liquid asset

• bankruptcy

____________ is a legal process filed whan one is unable to pay bills

• Personal finance

• Personal financial planning

• Liquid asset

• Bankruptcy

Liquid assets are those possession that can be readily and easily converted to __________.

• cash

• liquid

• stocks

• bonds

Good financial planning can help you achieve all of the following goals except __________.

• winning the lottery

• buying a car

• learning a new skill

• funding your retirement

What is the opportunity cost of going to the arcade on Saturday night assuming you could make $8 an hour for four hours of work and you also spend about $25 each time you go to the arcade?

Rafael's dad added up his assets and subtracted his liabilities to determine his _________.

• budgeting

• net worth

• asset

• liability

Javier noticed that a credit card application in the mail. His parents talked with Javier about good __________ before he applied for credit.

• money management

• credit management

• interest

• payment terms

Which of the following is not a source of income?

• wages

• salary

• allowance

• car payment

Which of the following is a key component of risk management?

• insurance

• investments

• cash

• jewelry

The most common investments include ________.

• stocks and bonds

• stamp collections

• rare automobiles

• oil paintings