| A | B |
|---|
| Personal Financial Planning | arranging to spend, save, and invest money to live comfortably |
| Goals | are the things you want to accomplish |
| Values | beliefs you consider important |
| Opportunity Cost | a trade-off, is what is given up when making |
| Liquidity | ability to easily convert financial assets into cash without loss in value |
| Service | a task that a person or machine performs for you |
| Good | physical item that is produced |
| Economics | study of the decisions that go into making, distributing, and using goods and services |
| Economy | ways in which people make, distribute, and use their goods and services |
| Supply | amount of goods and services available for sale |
| Demand | amount of goods and services people are willing to buy |
| Federal Reserve System | or the Fed, is the central banking organization of the United States |
| Inflation | rise in the level of prices for goods and services |
| Consumer | person who purchases and uses goods or services |
| Interest | price that is paid for the use of another's money |
