| A | B |
|---|
| good | A physical item that is produced and can be weighed or measured. |
| annuity | A series of equal regular deposits. |
| service | A task that a person or a machine performs for you. |
| personal financial planning | Arranging to spend, save, and invest money to live comfortably, have financial security, and achieve goals. |
| liquidity | The ability to easily convert financial assets into cash without loss in value. |
| supply | The amount of goods and services available for sale. |
| demand | The amount of goods and services people are willing to buy. |
| present value | The amount of money you would need to deposit now in order to have a desired amount in the future. |
| future value | The amount your original deposit will be worth in the future based on earning a specific interest rate over a specific period of time. |
| values | The beliefs and principles you consider important, correct, and desirable. |
| Federal Reserve Bank | The central banking organization of the United States. |
| time value of money | The increase of an amount of money due to earned interest or dividends. |
| principal | The original amount of money on deposit. |
| consumer | The person who purchases and uses goods or services. |
| interest | The price that is paid for the use of another’s money. |
| inflation | The rise in the level of prices for goods and services. |
| economics | The study of the decisions that go into making, distributing, and using goods and services. |
| goals | The things you want to accomplish. |
| opportunity costs | The trade-offs; what you give up when making one choice over another. |
| economy | The ways in which people make, distribute, and use their goods and services. |
