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What is an important difference between the federal budget and the budget of the state of Georgia?
debt
All of the Above!
a plan for spending
using money in hopes of gaining more in the future by lending to businesses in exchange for a share of profits.
an amount of money loaned to a person that must be paid back along with additional interest.
interest
The state budget must be balanced.
Providing a cushion for emergencies.
Which of the following is the BEST definition of a BUDGET?
debt
All of the Above!
a plan for spending
using money in hopes of gaining more in the future by lending to businesses in exchange for a share of profits.
an amount of money loaned to a person that must be paid back along with additional interest.
interest
The state budget must be balanced.
Providing a cushion for emergencies.
an amount of money borrowed by one party from another party = is a definition of what economic term?
debt
All of the Above!
a plan for spending
using money in hopes of gaining more in the future by lending to businesses in exchange for a share of profits.
an amount of money loaned to a person that must be paid back along with additional interest.
interest
The state budget must be balanced.
Providing a cushion for emergencies.
Which of the following is a reason for and a benefit of saving?
debt
All of the Above!
a plan for spending
using money in hopes of gaining more in the future by lending to businesses in exchange for a share of profits.
an amount of money loaned to a person that must be paid back along with additional interest.
interest
The state budget must be balanced.
Providing a cushion for emergencies.
Which of the following is the BEST definition of CREDIT?
debt
All of the Above!
a plan for spending
using money in hopes of gaining more in the future by lending to businesses in exchange for a share of profits.
an amount of money loaned to a person that must be paid back along with additional interest.
interest
The state budget must be balanced.
Providing a cushion for emergencies.
Unchecked debt can lead to which of the following health issues?
debt
All of the Above!
a plan for spending
using money in hopes of gaining more in the future by lending to businesses in exchange for a share of profits.
an amount of money loaned to a person that must be paid back along with additional interest.
interest
The state budget must be balanced.
Providing a cushion for emergencies.
What is the economic term for an additional amount you pay to use borrowed money.
debt
All of the Above!
a plan for spending
using money in hopes of gaining more in the future by lending to businesses in exchange for a share of profits.
an amount of money loaned to a person that must be paid back along with additional interest.
interest
The state budget must be balanced.
Providing a cushion for emergencies.
Which of the following is the BEST definition of INVESTING?
debt
All of the Above!
a plan for spending
using money in hopes of gaining more in the future by lending to businesses in exchange for a share of profits.
an amount of money loaned to a person that must be paid back along with additional interest.
interest
The state budget must be balanced.
Providing a cushion for emergencies.
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