Spring 25 PF Final

Which term best fits the following definition, “anything that is owned by an individual, including money in the bank or investment.”

• Asset

• Net worth

• Loan Shark

• Net Income

Which term best fits the following definition, “all the financial decisions an individual or family must make in order to earn, budget, save, spend, and give money over time.”

• Net Worth

• Loan Shark

• Asset

• Personal Finance

Which term best fits the following definition. “the knowledge and skill base necessary for people to be informed consumers and manage their finances effectively.”

• Personal Finance

• Consumerism

• Financial Literacy

• Principal

Which term best fits the following definition, “the amount by which the value of a person’s assets exceeds or falls behind the value of their liabilities.”

• Gross Income

• Dividend

• Net Worth

• Net Income

Which term best fits the following definition, “what a person earns after payroll taxes and other deductions are taken out; often referred to as take-home pay.”

• Gross Income

• Net Income

• Equity

• Interest Rate

Which term best fits the following definition, “person or entity that charges borrowers interest rates above an established legal rate.”

• Predatory Lender

• Amygdala

• Loan Shark

• Credit Union

Which term best fits the following definition, “the persistent rise in the cost of goods and services over time.”

• Inflation

• Return on Investment

• Interest Rate

• Liquidity

Which term best fits the following definition, “the percentage of principal charged by the lender for use of its money.”

• Accrued Interest

• Equity

• Interest Rate

• Rate of Return

Which term best fits the following definition, “the measure of an investment’s profit or loss, usually expressed as a percentage of the initial investment.”

• Gains

• Rate of Return

• Stock

• Discovery

Which term best fits the following definition, “the amount of interest charged on a debt but not yet collected; interest accumulates from the date a loan is issued.”

• Large Purchase

• Compound Growth

• Compound Interest

• Accrued Interest