(Exit Ticket) - Personal Finances

A ____ is a written plan that outlines how money should be used.

• net worth statement

• income sheet

• budget

• money allocations sheet

In a budget it is okay to use only a portion of your money.

• True

• False

The ____ is a business or institution for receiving, keeping, and lending money.

• budget

• lender

• bank

An account that allows a person to write a check from their account to pay for goods or services.

• Investment Account

• Checking Account

• Money Market Account

• Savings Account

An account that offers a convenient way to save money.

• Investment Account

• Checking Account

• Money Market Account

• Savings Account

What is income?

• The amount you spend

• The amount you don't save

• Money taken in

Who is a person who takes a risk to start a business?

• Consumer
• Entrepreneur 
• Labor
• Capital

The market value of all final goods and services produced in a country in a calendar year.

• Labor
• Market
• Gross Domestic Product

Investing in the skills and knowledge of a work force is

• human capital

• natural resources

• capital goods

• specialization

The TOOLS and MATERIALS needed to make goods and to provide services are called______________.

• natural resources

• capital goods

• human capital

• services