Personal Finance Final Exam Review

What is the minimum percentage of money you should save each time you get money?

• 100%

• Less than 9%

• At least 20%

Savings

• the dollars that become available for investors to use when others save

• give away

• money  stored in your sock drawer

Interest

• payment made for the use of borrowed money

• show attention

• total amount of money owed

creditors

• persons or institutions to whom money is owed
• your parents
•  total amount of money owed
• short term US government IOU for a period of years.

debt

• total amount of money owed
• short term US government IOU for a period of years.
• a payment card issued to users as a method of payment
• payment made for the use of borrowed money

credit cards

• a payment card issued to users as a method of payment.
• payment made for the use of borrowed money
• group that channels savings to investors
• total amount of money owed

budget

•  financial plan of revenue and expendtitures
• total amount of money owed
• the dollars that become available for investors to use when others save
• persons or institutions to whom money is owed

Identity theft is

• the use of someone else's bathroom pass

• the illegal use of someone’s personal information to purchase items or receive benefits

• the use of someone's account with their permission.

An employee is...

• Someone that works in exchange for money.

• Someone that works in exchange for items.

• Someone who is doing community service.

Your line of work

• Employee
• Career
• Tuition
• Wages