Personal Finance and Budgeting

Large supply of goods+Low demand for product = 

• Price Goes Up
• Price Goes Down
• Price Stays the Same

Small supply of goods+high demand for product=

• Prices Goes Up
• Price Goes Down
• Price Stays the Same

Medium of exchange used to buy goods and services.

• Credit
• Investing
• Saving
• Money

What is not an example of money?

• Currency
• Debit Cards
• Credit
• Checks

•When you _________your income, you are trading your money in exchange for goods or services.

• Save
• Spend

Delaying current spending in order to pursue an activity with greater financial benefits in the future.

• Saving
• Spending
• Budget
• Investing

Buy something now and pay for it later. 

• Credit
• Debit
• Investing
• Spending

What is a form of credit other than a credit card?

• Budget
• Savings Plan
• Bank Loan
• Investing

A plan for how to manage your money is called a ?

• income

• budget

• expense

• investment

The cost of borrowed money, usually expressed as a percentage.

• interest
• savings plan
• scarce
• purchase