All textbooks need to be turned in! Thank you for checking on this with your students.
Our next Personal Finance Vocabulary quiz will be Friday, May 15, 2009.
Personal Finance Vocabulary Quiz 2
1. Short-term goals: goals you plan to achieve in fewer than two months
2. Medium-term goals: goals you plan to achieve in two months to three years
3. Long-term goals: goals you plan to achieve in more than three years
4. Scarcity: the economic problem that exists because of unlimited wants and limited resources
5. Saving: the act of putting something aside for later use
6. Investing: saving money in order to earn financial return
7. Interest rate risk: the risk that interest rates will rise while you have your income locked into a lower interest rate investment
8. Inflation risk: the risk that the rate of inflation will exceed the interest rate you are earning on an investment
9. Risk of loss: the risk that the value of your investment will decrease
10. Inflation: a general rise in the price level
I hope this will help with the studying.
The Personal Finance test will be Tuesday, May 18. We will give the students a study guide on Friday.
This week we have discussed Why stay in school and Why save. We have also talked about short, medium, and long term goals.