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Personal Finance

Personal Finance. Exam review: Definitions. Economics. Amount of money to be paid by a person before insurance benefits are assessed. An obligation for funds borrowed. The study of production, distribution & consumption of goods & services.

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Personal Finance

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  1. Personal Finance Exam review: Definitions

  2. Economics • Amount of money to be paid by a person before insurance benefits are assessed. • An obligation for funds borrowed. • The study of production, distribution & consumption of goods & services. • The cost required in exchange for some benefit or service.

  3. C. The study of production, distribution & consumption of goods & services.

  4. Deflation a. An obligation for funds borrowed. b. The study of production, distribution & consumption of goods & services. c. The cost required in exchange for some benefit or service. d. Decrease in the general price level of goods & services typically caused by a reduction in the supply of money.

  5. d. Decrease in the general price level of goods & services typically caused by a reduction in the supply of money.

  6. Equilibrium Price • Cost of an insurance policy. • Exchange of money for the purpose of a future gain. • Point at which quantity demanded equals the quantity supplied. • Investment in society to improve people & circumstances that could not create the investment themselves.

  7. Point at which quantity demanded equals the quantity supplied.

  8. Disposable Income • Amount remaining to spend or save after all financial obligations are satisfied. • Cost of an insurance policy. • Exchange of money for the purpose of a future gain. • Point at which quantity demanded equals the quantity supplied.

  9. Amount remaining to spend or save after all financial obligations are satisfied.

  10. Debts • Amount of money to be paid by a person before insurance benefits are assessed. • An obligation for funds borrowed. • The study of production, distribution & consumption of goods & services. • The cost required in exchange for some benefit or service.

  11. An obligation for funds borrowed.

  12. Budgeting • Point at which quantity demanded equals the quantity supplied. • Investment in society to improve people & circumstances that could not create the investment themselves. • Amount of a deposit into a retirement account. • Process of managing income & expenses to accomplish a specific purpose.

  13. Process of managing income & expenses to accomplish a specific purpose.

  14. Expenses • Amount of money to be paid by a person before insurance benefits are assessed. • An obligation for funds borrowed. • The study of production, distribution & consumption of goods & services. • The cost required in exchange for some benefit or service.

  15. The cost required in exchange for some benefit or service.

  16. Investment • Amount remaining to spend or save after all financial obligations are satisfied. • Cost of an insurance policy. • Exchange of money for the purpose of a future gain. • Point at which quantity demanded equals the quantity supplied.

  17. Exchange of money for the purpose of a future gain.

  18. Portfolio • Decrease in the general price level of goods & services typically caused by a reduction in the supply of money. • Financial approach to calculate past, current & future values. • Group of financial vehicles held by an individual. • Amount remaining to spend or save after all financial obligations are satisfied.

  19. Group of financial vehicles held by an individual.

  20. Contribution • Point at which quantity demanded equals the quantity supplied. • Investment in society to improve people & circumstances that could not create the investment themselves. • Amount of a deposit into a retirement account. • Process of managing income & expenses to accomplish a specific purpose.

  21. Amount of a deposit into a retirement account.

  22. Premium • Cost of an insurance policy. • Exchange of money for the purpose of a future gain. • Point at which quantity demanded equals the quantity supplied. • Investment in society to improve people & circumstances that could not create the investment themselves.

  23. Cost of an insurance policy.

  24. Deductible • Amount of money to be paid by a person before insurance benefits are assessed. • An obligation for funds borrowed. • The study of production, distribution & consumption of goods & services. • The cost required in exchange for some benefit or service.

  25. Amount of money to be paid by a person before insurance benefits are assessed

  26. Philanthropy • Point at which quantity demanded equals the quantity supplied. • Investment in society to improve people & circumstances that could not create the investment themselves. • Amount of a deposit into a retirement account. • Process of managing income & expenses to accomplish a specific purpose.

  27. Investment in society to improve people & circumstances that could not create the investment themselves.

  28. Time Value of Money • The study of production, distribution & consumption of goods & services. • The cost required in exchange for some benefit or service. • Decrease in the general price level of goods & services typically caused by a reduction in the supply of money. • Financial approach to calculate past, current & future values.

  29. Financial approach to calculate past, current & future values.

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