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- 1. Multiple Choice
Any item that is accepted as payment for goods and services and repayment of debts
Money
Accounts payable
Credit
Bill
- 2. Multiple Choice
About managing money, how much is spent, how much is earned and saved based on personal choice and preference.
Business plan
Accounting principles
Personal choice
Personal finance
- 3. Multiple Choice
it is setting a realistic smart financial goal focusing on spending and saving.
Investing
Budgeting
Trading
Accounting
- 4. Multiple Choice
Things that you must pay no matter what, food, housing, transportation costs.
Needs
Wants
Choices
Preferences
- 5. Multiple Choice
Your rainy day fund that you set aside for unexpected expenses equivalent to 3 to 6 months worth.
Investment
Savings
Emergency fund
Bank deposit
- 6. Multiple Choice
It is part of income that is not spent on current consumption.
Credit
Expense
Savings
Loan
- 7. Multiple Choice
One way of building your capital is thru
Traveling
Buying a car
Investing
Getting a loan
- 8. Multiple Choice
The suggested spending plan % composed of essentials, savings and wants.
50/20/30
35/35/30
10/50/40
15/15/70
- 9. Multiple Choice
People borrow money in order to finance
a luxurious holiday
a big birthday party
an expensive jewelry
children's education
- 10. Multiple Choice
Once you reach your long term financial goal, you can retire and enjoy a new
Liabilities
lifestyle
Credit rating
mortgage
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