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Study sets matching "financial economic literacy"

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Study sets matching "financial economic literacy"

32 terms
Economics and Financial Literacy
producer
consumer
needs
wants
A person, company, or country that makes, grows, or supplies…
A person who purchases goods and services for personal use
Basic requirements for human survival; like food, clothing, a…
Goods that are purchased to add comfort or pleasure to life
producer
A person, company, or country that makes, grows, or supplies…
consumer
A person who purchases goods and services for personal use
12 terms
Economics/Financial Literacy
World Trade Organization (WTO)
North American Free Trade Agreement (N…
Organization of Petroleum Exporting Co…
European Union (EU)
International organization that regulates international trade…
an agreement between Canada, the United States, and Mexico th…
An international economic organization whose member countries…
A union of 27 European nations established in 1958 to promote…
World Trade Organization (WTO)
International organization that regulates international trade…
North American Free Trade Agreement (N…
an agreement between Canada, the United States, and Mexico th…
12 terms
Economics and Financial Literacy
consumer
producer
supply
demand
a person who uses a good or service
people that use good and services to satisfy their wants and…
is the quantities of a good or service that a firm is willing…
Demand refers to the quantities of a good or serve that a buy…
consumer
a person who uses a good or service
producer
people that use good and services to satisfy their wants and…
28 terms
Economics and Financial Literacy
OPEC
NAFTA
G20
WTO
Organization of Petroleum Exporting Countries: OPEC's objecti…
The North American Free Trade Agreement (NAFTA) is an agreeme…
Group of 20 that began meeting because of the Asian Financial…
The World Trade Organization is the only global international…
OPEC
Organization of Petroleum Exporting Countries: OPEC's objecti…
NAFTA
The North American Free Trade Agreement (NAFTA) is an agreeme…
15 terms
Financial and Economic Literacy
Treasury
Producer
Interest
Economy
A place where the funds of the government, of a corporation,…
A person, company, or country that makes, grows, or supplies…
A sum paid or charged for the use of money or for borrowing m…
The wealth and resources of a country or region, esp. in term…
Treasury
A place where the funds of the government, of a corporation,…
Producer
A person, company, or country that makes, grows, or supplies…
10 terms
Economics and Financial Literacy Vocab!
Checking Account
Credit Card
Debt
Opportunity Cost
An account at a bank where you deposit money that you will ne…
A card that is used as a form of borrowing from, or going int…
Money that is owed
What is given up any time a choice is made
Checking Account
An account at a bank where you deposit money that you will ne…
Credit Card
A card that is used as a form of borrowing from, or going int…
23 terms
Financial Literacy/ Economics
Economics
Types of economy
Supply and Demand
Business cycle
Science that deals with production, distribution, and consump…
Market- Decisions made by individuals... Command- Decisions made…
Demand- Willingness to buy... Supply- amount of goods
Economics
Science that deals with production, distribution, and consump…
Types of economy
Market- Decisions made by individuals... Command- Decisions made…
162 terms
Economics and Financial Literacy Vocabulary
Absolute advantage
Aggregate
Aggressive
Agrarian economy
when a country requires less physical resources than another…
total combination of data from various economic sectors
willing to take higher level of risk in investing
people are mostly farmers
Absolute advantage
when a country requires less physical resources than another…
Aggregate
total combination of data from various economic sectors
32 terms
Economics Financial Literacy Unit
Budget
Net worth
Income
Variable vs. fixed expenses
A savings/spending plane
Assets-liabilities
Money you receive, most likely from a job
Variable expenses change monthly, such as your grocery bill.…
Budget
A savings/spending plane
Net worth
Assets-liabilities
55 terms
Economics - Financial Literacy Exam
What should you do in order to get spe…
Why is comparison shopping for a car n…
Why do financial planners stress the i…
What is an important feature of a good…
create a budget of current income and expenses
the price of a car can vary
the power of compounding and appriciation
a specific time frame
What should you do in order to get spe…
create a budget of current income and expenses
Why is comparison shopping for a car n…
the price of a car can vary
20 terms
Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use
20 terms
Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use
69 terms
Personal Financial Literacy- Economics
Financial Assets
Your financial worth =
Saving
Investment
What you own that has a dollar value
Assets (what you own) - liabilities (what you owe on credit p…
The absence of spending
Redirecting $ from being used today, so that it may create be…
Financial Assets
What you own that has a dollar value
Your financial worth =
Assets (what you own) - liabilities (what you owe on credit p…
Financial and Economic Literacy
Budget
Consumer
Credit
Economy
A plan for making and spending money
A person who purchases goods and services for personal use
An arrangement to receive cash, goods, or services now and pa…
A system for producing and distributing goods, and services t…
Budget
A plan for making and spending money
Consumer
A person who purchases goods and services for personal use
20 terms
Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use
20 terms
Financial And Economic Literacy
Budget
Consumer
Credit
Economy
An estimate, often itemized, of expected income and expense f…
A person who purchases goods and services for personal use.
Time allowed for payment, goods or services obtained on trust.
The wealth and resources of a country or region, esp. in term…
Budget
An estimate, often itemized, of expected income and expense f…
Consumer
A person who purchases goods and services for personal use.
33 terms
Economics Financial Literacy
financial assets
investment
liquidity
risk
documents that confirm purchases of deposits of funds
redirecting money from being used today; may create benefits…
how quickly you can turn assets into money
chance you may not earn a profit or even lose some investment
financial assets
documents that confirm purchases of deposits of funds
investment
redirecting money from being used today; may create benefits…
financial literacy and economics
financial planning
needs
wants
values
the process of setting spending priorities, defined goals and…
things that are essential to your health and security.
make life more interesting and fun, but you can live without…
the ideas and beliefs that are most important or most meaning…
financial planning
the process of setting spending priorities, defined goals and…
needs
things that are essential to your health and security.
70 terms
Economics and Financial Literacy
Career
Standard of Living
Potential earning power
interest inventory
committed job
quality of life from prices
amounts of money you can earn over time
tests you on what you enjoy most
Career
committed job
Standard of Living
quality of life from prices
28 terms
economics financial literacy vocab.
401(k)
403(b)
debit card
annual percentage rate (APR)
A retirement account offered through an employer, where an em…
A retirement account similar to a 401(k) plan, but offered by…
A payment type that allows you to make electronic purchases t…
The second range of numbers at the bottom of a check tells th…
401(k)
A retirement account offered through an employer, where an em…
403(b)
A retirement account similar to a 401(k) plan, but offered by…
76 terms
Economics and Financial Literacy Exam
Tristan has gotten very good at painti…
Money and currency are related because…
How do we know our current money has v…
Which statement shows that money is a…
b. Market to online game players.
b. currency is a form of money
c. People accept it in exchange for goods or services.
b. My mp3 player is worth two hundred dollars.
Tristan has gotten very good at painti…
b. Market to online game players.
Money and currency are related because…
b. currency is a form of money
20 terms
Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use
20 terms
Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use
20 terms
Financial and Economic Literacy Voc
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use
21 terms
Economics/Financial Literacy Words
Economics
Macroeconomics
Microeconomics
Capitalism
nothing more (or less) than the study of how nations and indi…
focuses on nations and governments efforts to manage scarcity.
focuses on individuals efforts to manage scarcity.
free market
Economics
nothing more (or less) than the study of how nations and indi…
Macroeconomics
focuses on nations and governments efforts to manage scarcity.
67 terms
economics and financial literacy
maturity options for CDS (certificates…
withdrawing money from CD early=
age you can withdraw CD
when a depositor doesnt pay income tax…
1, 3, 6 months. 1, 3, 5 years
penalty
59 1/2
tax deductible
maturity options for CDS (certificates…
1, 3, 6 months. 1, 3, 5 years
withdrawing money from CD early=
penalty
23 terms
Economics and Personal Financial Literacy
Needs/Wants
Scarcity
Resources
Opportunity Costs
Cannot avoid or helping doing something/Have a desire for som…
The state of being scarce or short in supply
A stock or supply of money,staff,and other assets that can be…
The loss of potential gain from other alternatives when one a…
Needs/Wants
Cannot avoid or helping doing something/Have a desire for som…
Scarcity
The state of being scarce or short in supply
32 terms
Economics Financial Literacy Test
What is the difference between gross a…
What is a 401k ?
What is a W2 Form?
What is a W4 Form?
Gross is before, Net is after taxes
Retirement Plan
a tax form
a job form
What is the difference between gross a…
Gross is before, Net is after taxes
What is a 401k ?
Retirement Plan
10 terms
Unit 9 - Financial and Economic Literacy
Budget
Consumer
Credit
Economy
An estimate, often itemized, of expected income and expense f…
One that acquires goods or services for direct use or ownersh…
Confidence in a purchaser's ability and intention to pay, dis…
Thrifty management; frugality in the expenditure or consumpti…
Budget
An estimate, often itemized, of expected income and expense f…
Consumer
One that acquires goods or services for direct use or ownersh…
20 terms
Financial and Economic Literacy Quiz 2
Variable Expenses
Fixed Expenses
Flexible Expenses
Payroll Taxes
expenses that are not constant or change in amount monthly
expenses that are constant and stay the same each month
an expense that can be adjusted or eliminated.
taxes that employers are required to hold out of an employees…
Variable Expenses
expenses that are not constant or change in amount monthly
Fixed Expenses
expenses that are constant and stay the same each month
26 terms
Unit 9 - Financial & Economic Literacy
Loan
Finance
APR
Term
An amount of money that is given to someone for a period of t…
The system that includes the circulation of money, the granti…
(Annual Percentage Rate) the annual rate that is charged for…
The management of large amounts of money, especially by gov't…
Loan
An amount of money that is given to someone for a period of t…
Finance
The system that includes the circulation of money, the granti…
20 terms
Financial and Economic Literacy Quiz 2
Variable Expenses
Fixed Expenses
Flexible Expenses
Payroll Taxes
expenses that are not constant or change in amount monthly
expenses that are constant and stay the same each month
an expense that can be adjusted or eliminated.
taxes that employers are required to hold out of an employees…
Variable Expenses
expenses that are not constant or change in amount monthly
Fixed Expenses
expenses that are constant and stay the same each month
37 terms
Financial Literacy-Unit 1: The Economic Way of Thinking
Entrepreneur
Education
Interest
Career
A person who owns and runs a business.
The process of receiving or giving instruction, especially at…
The state of wanting to know or learn about something or some…
A profession that one trains for; a job or series of jobs tha…
Entrepreneur
A person who owns and runs a business.
Education
The process of receiving or giving instruction, especially at…
13 terms
Financial Literacy
Income
Budget
Interest
Loan
The money earned from working or other areas.
A plan to decide how much money will be spent and how you wil…
A percentage charged for borrowing money.
An amount of money that is borrowed for a period of time.
Income
The money earned from working or other areas.
Budget
A plan to decide how much money will be spent and how you wil…
100 terms
Economics with financial literacy final
Economic products
Economics
Macroeconomics
Microeconomics
Consumer goods and services
The study of how people get the goods and services they want.
The study of the national and global economy
The study of the individual, household, and business firms in…
Economic products
Consumer goods and services
Economics
The study of how people get the goods and services they want.
20 terms
Financial and Economic Literacy Quiz 2
Variable Expenses
Fixed Expenses
Flexible Expenses
Payroll Taxes
expenses that are not constant or change in amount monthly
expenses that are constant and stay the same each month
an expense that can be adjusted or eliminated.
taxes that employers are required to hold out of an employees…
Variable Expenses
expenses that are not constant or change in amount monthly
Fixed Expenses
expenses that are constant and stay the same each month
20 terms
Financial and Economic Literacy Quiz 2
Variable Expenses
Fixed Expenses
Flexible Expenses
Payroll Taxes
expenses that are not constant or change in amount monthly
expenses that are constant and stay the same each month
an expense that can be adjusted or eliminated.
taxes that employers are required to hold out of an employees…
Variable Expenses
expenses that are not constant or change in amount monthly
Fixed Expenses
expenses that are constant and stay the same each month
20 terms
Financial and Economic Literacy Quiz 2
Variable Expenses
Fixed Expenses
Flexible Expenses
Payroll Taxes
expenses that are not constant or change in amount monthly
expenses that are constant and stay the same each month
an expense that can be adjusted or eliminated.
taxes that employers are required to hold out of an employees…
Variable Expenses
expenses that are not constant or change in amount monthly
Fixed Expenses
expenses that are constant and stay the same each month
15 terms
Financial Literacy
property tax
payroll tax
sales tax
income tax
paid usually once a year as long as I own it; not taken from…
tax on wages and salaries to finance Social Security and Medi…
tax on a sale of goods or services, paid at that time
- money that wage earners pay the government to run the count…
property tax
paid usually once a year as long as I own it; not taken from…
payroll tax
tax on wages and salaries to finance Social Security and Medi…
8 terms
Financial Literacy
Credit
Debt
Creditor
Debtor
Promising to pay back money to pay for something
Money you owe for things you bought for on credit
Lender - the person or company that lent you money
Borrower - the person using the money (you) Person that needs…
Credit
Promising to pay back money to pay for something
Debt
Money you owe for things you bought for on credit
20 terms
Unit 9: Financial and Economic Literacy
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use
20 terms
Unit 9 Financial and Economic Literacy
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use
10 terms
Unit 9 :Financial &Economic Literacy
budget
consumer
credit
economy
A plan for making and spending money
A person who purchases goods and services for personal use
An arrangement to receive cash, goods, or services now and pa…
A system for producing and distributing goods, and services t…
budget
A plan for making and spending money
consumer
A person who purchases goods and services for personal use
10 terms
Unit 9: Financial and Economic Literacy
Budget
Consumer
Credit
Economy
A detailed plan of income and expenses expected over a certai…
A person who purchases goods and services for personal use.
An arrangement to receive cash, goods, or services now and pa…
the wealth and resources of a country or region, especially i…
Budget
A detailed plan of income and expenses expected over a certai…
Consumer
A person who purchases goods and services for personal use.
20 terms
Unit 9 Financial and Economic Literacy
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use
30 terms
Economics Chapter 7 + Financial Literacy
Laissez-faire
Natural Monopoly
Trust
Perfect Competition
philosophy that government should not interfere with business…
market structure where average costs of production are lowest…
Illegal combination of corporations or companies organized to…
market structure with many well-informed and independent buye…
Laissez-faire
philosophy that government should not interfere with business…
Natural Monopoly
market structure where average costs of production are lowest…
10 terms
Unit 9: Financial and Economic Literacy
Budget
Consumer
Credit
Economy
A plan for making and spending money
A person who purchases goods and services for personal use
An arrangement to receive cash, goods, or services now and pa…
A system for producing and distributing goods, and services t…
Budget
A plan for making and spending money
Consumer
A person who purchases goods and services for personal use
20 terms
Unit 9 Financial and Economic Literacy
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use
20 terms
Unit 9: Financial and Economic Literacy
budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use
26 terms
Economics Financial Literacy & Business Cycle
Offset
Growth
Indicators
Output
The amount by which something is out of line.
Increase in size
A notable or significant fact that can lead you to analyze so…
The amount of something produced by a person, machine, or ind…
Offset
The amount by which something is out of line.
Growth
Increase in size
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