The main purpose of personal financial planning is to

What is a budget (spending plan)?

The ______________ is an estimate of how long it will take to double your savings with compounded interest.

The purpose of a cash flow statement is to

Most nations of the world can be classified as having a ______________ economy.

Interest that is earned on only the principal investment is called

The quantity of a good or service that consumers are willing and able to buy at a certain price is called

When the amount of a country's imports exceeds the amount of its exports, there is a

Earning interest on interest applies to

The ___________________ is the point where supply and demand are equal.

In a _____________ economy, all resources are owned and controlled by the government.

______________ establish supply.

When a nation is able to produce products more efficiently than other countries, it is said to have

You have invested $5,000 in an account earning 3% simple interest. How much money will you have after six years?

What is the first step that should be completed when creating a budget (spending plan)?

A mixed economy combines elements of a _________________ economy and a ________________ economy.

Gross domestic product is the

A(n) ______________ is the value of a currency of one country compared with the value of another.

According to the rule of 72, how long will it take your investment to double in value if it earns 6% compounded interest?

Assets + Liabilities = Net Worth

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