Unit 4 JA Finance: Budgeting

Front

What is a Bond?

Back

A IOU issued by a company municipality or the federal government.

Front

My mom plans to lose weight before her wedding that is 3 months away. What term best describes this statement?

Back

short-term goal

Front

Coach Collins plans to build a new gym for the basketball team in 2 years. What term best fits this statement?

Back

long-term goal

Front

What does the term principal mean?

Back

The amount of money originally invested.

Front

A business that provides money related services.

Back

Financial Institution

Front

What does the term opportunity cost mean?

Back

The next best alternative given up when making a financial choice.

Front

These are expenses that do not change month to month?

Back

Fixed expenses

Front

I plan to manage my money better this month, I have been doing too much spending. Which statement best describes this statement?

Back

Budgeting

Front

The possibility of financial loss or physical harm?

Back

Risk

Front

Walmart has a limited amount of soap that I use for my skin condition. What term describes this statement?

Back

Scarcity