Mad Money Terms: Question Preview (ID: 20240)


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A situation favorable for attainment of a goal.
a) investing
b) want
c) need
d) opportunity

The price paid for a product or service.
a) want
b) need
c) choice
d) cost

An alternative to something else.
a) want
b) need
c) choice
d) cost

Things that make life more interesting and fun, but are not necessary.
a) want
b) need
c) choice
d) cost

The total amount of money earned.
a) gross income
b) net income
c) take home pay
d) deduction

Money set aside to be used in the future.
a) take home pay
b) investing
c) savings
d) wage

The amount of money you take home after taxes and deductions.
a) gross income
b) net income
c) take home pay
d) deduction

The amount of money left after taxes and deductions are subtracted.
a) gross income
b) net income
c) take home pay
d) deduction

Something given or received in return for investing or saving.
a) product
b) reward
c) deduction
d) cost

To convince someone to do something by advising or urging.
a) persuade
b) advertising
c) reward
d) investing

Putting money into a venture that may turn a profit or make interest.
a) advertising
b) investing
c) product
d) persuade

The probability that loss will occur.
a) need
b) want
c) wage
d) risk

Money that is paid or received for work.
a) wage
b) cost
c) risk
d) deduction

Something that is produced by labor.
a) wage
b) product
c) choice
d) cost

Things we must have in order to survive.
a) want
b) need
c) choice
d) cost

Money that is subtracted from wages.
a) net income
b) gross income
c) cost
d) deduction

To give information about a product or service in order to sell it.
a) choice
b) investing
c) advertising
d) cost

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