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Taking Charge of Your Financial Education Vocabulary

Total questions: 11

Worksheet time: 6mins

Name
Class
Date
1.

financial well being

a)

Specific objectives that are accomplished through financial planning

b)

managing money continuously through life in order to reach your financial goals

c)

managing money in ways that build a sense of understanding, competence, and control

d)

feeling good about ones life

2.

opportunity cost

a)

something a person intends to acquire, achieve, or accomplish in the future

b)

a goal that will be attained in more that on year

c)

the value of the next best alternative that must be for forgone as a result of a decision

d)

a goal that will be attained in less than one year

3.

The desire for goods and services that can increase our quality of life but are not absolutely necessary for our survival

a)

needs

b)

want

c)

value

d)

goal

4.

value

a)

goods or services that are required for survival

b)

the desire for goods and services that can increase our quality of life but are not absolutely necessary for our survival

c)

a fundamental belief or practice about what is desirable, worthwhile, and important to an individual

d)

giving one thing for another

5.

needs

a)

goods or services that are required for surcical

b)

an fundamental belief or practice about what is desirable, worthwhile, and important to an individual

c)

the desire for goods and services that can increase our quality of life but are not absolutely necessary for our survival

d)

the value of the next best alternative that must be forgone as a result of a decision

6.

tradeoff

a)

giving up on one thing for another

b)

the value of the next best alternative that must be forgone as a result of a decision

c)

a goal that will be attained in less that one year

d)

something a person intends to acquire, achieve, or accomplish in the future

7.

short term goals

a)

a goal that will be attained in more than one year

b)

something a person intends to acquire, achieve, or accomplish in the future

c)

the value of the next best alternative that must be forgone as a result of a decision

d)

a goal that will be attained in less than one year

8.

opportunity cost

a)

the value of the next best alternative that must be forgone as a result of a descision

b)

a gaol that will be attained in less than one year

c)

giving up one thing for another

d)

specific objectives that are accomplished through financial planning

9.

long term goal

a)

a goal that will be attained in more than one year

b)

the value of the next best alternative that must be forgone as a result of a decision

c)

a goal that will be attained in less than one year

10.

goal

a)

something a person intends to acquire, achieve, or accomplish in the future

b)

giving up on thing for another

c)

a goal that will be attained in less than one year

d)

specific objectives that are accomplished through financial planning

11.

well being

a)

feeling good about ones life

b)

specific objectives that are accomplished through financial planning

c)

managing money continuously through life in order to reach your financial goals

d)

managing money in ways that build a sense of understanding, competence, and cotrol