Modules 103-104 Review Part 1

Match it! Select the correct answer from the pull down...Good luck!

An original amount of money deposited in a bank account is known as

_____________ is calculated solely on the amount of the principal.

______________ is paid on the principal plus interest earned to date.

Boats, houses, fine art, and antiques are considered ____________ assets because they take time to convert into cash.

If you have $500 worth of assets and $325 in liabilities, your net worth is

Property assets that have historically increased in value include original works of art by known artists, gold and silver jewelry with precious gemstones, and

According to the ______, the value of a dollar is greater today than the value of any dollar you make in the future.

An investment is something worth buying because it