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12 questions
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- Multiple ChoicePlease save your changes before editing any questions.
A period of temporary economic decline during which trade and industrial activity are reduced; generally identified by a fall in gross domestic product (GDP)
recession
failure
crash
- Multiple ChoicePlease save your changes before editing any questions.
A person or business that offers loans at extremely high interest rates
entrepreneur
loan shark
creditor
- Multiple ChoicePlease save your changes before editing any questions.
All of the decisions and activities of an individual or family regarding their money, including spending, saving, budgeting, etc.
Personal finance
Economy
- Multiple ChoicePlease save your changes before editing any questions.
A person or organization that uses a product or service
consumer
borrower
- Multiple ChoicePlease save your changes before editing any questions.
A fee paid by a borrower to the lender for the use of borrowed money.
bills
interest
- Multiple ChoicePlease save your changes before editing any questions.
A system by which goods and services are produced and distributed
economy
liabilities
- Multiple ChoicePlease save your changes before editing any questions.
A debt evidenced by a "note," which specifies the principal amount, interest rate and date of repayment
bank fee
loan
- Multiple ChoicePlease save your changes before editing any questions.
The knowledge and skill set necessary to be an informed consumer and manage finances effectively
financial literacy
budgeting
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An obligation of repayment owed by one party to a second party
debt
ownership
- Multiple ChoicePlease save your changes before editing any questions.
The granting of a loan and the creation of debt; any form of deferred payment
annual fee
credit
- Multiple ChoicePlease save your changes before editing any questions.
Only a few people in America have the ability to become a millionaire.
True
False
- Multiple ChoicePlease save your changes before editing any questions.
Money earned
spend
income
purchase