| A | B |
|---|
| Personal financial planning | the arrangement of personal spending, saving, and investment of money to live prosporous with financial security, and achievement of goals. |
| Goals | the task that you wish to accomplish |
| Values | The ideas and principles you consider important, correct, and lustful. |
| Opportunity cost | the result of making one choice instead of another. |
| Liquidity | the ability to convert financial assts into cash without losing the cost in value. |
| Service | Task that can be accomplished by machine or man. |
| Good | a item that is produced, it can be weighed and measured. |
| Economics | the study of the decistions that involve the distribution of goods and services. |
| Economy | Involve the ways in which people produce, distribute, and use their goods and services |
| Supply | the amount of goods and servies available to purchase. |
| demand | the amount of goods and services people are willing to purchase. |
| Federal Reserve System | (Otherly known as the Fed) the central banking organization fo the U.S. |
| Inflation | Increase in the level of prices for goods and services |
| Consumer | An individual that purchases and uses goods or services. |
| Interest | The value that is paid for the use of another's money. |
