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BnFP Vocab Terms

AB
PFPPersonal Financial Planning
Personal Financial PlanningUsing your money in a smart
GoalsSomething you want to accomplish
Valueswhat you think is right or wrong
opportunity cosya trade-off
liquidityhow easily you can conbert something into money
short-term goalsgoals that take a year or less to achieve
intermediate goalsgoals that take 2 to 5 years to achieve
long-term goalsgoals that take more than five years to achieve
servicea task that is performed for you
gooda physical item that you can buy
economicsthe study of how people make money
economyhow people make money
supplythe amount of goods or services available
demandthe amount of services or goods that are needed
federal reserve systemthe central banking organization of the united states
inflationthe rate at which prices rise
consumera person who purchases services or goods
interestthe price to pay for borrowing another person's money
unemploymentthe number of people without jobs who are willing to work


Computer Applications and Business Instructor
Ansbach Middle/High School
APO, AE

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