Responsible Money Choices Question Preview (ID: 23067)


Vocabulary Terms Used In Vault. TEACHERS: click here for quick copy question ID numbers.

Considering different information to make a choice.
a) decision making
b) financial literacy
c) financial advisor
d) opportunity cost

Keeping important information to yourself or between yourself and close family members.
a) saving
b) privacy
c) investing
d) inflation

The knowledge and skills to manage money.
a) financial advisor
b) financial institution
c) financial literacy
d) decision making

A place, like a bank, that helps its members manage their money.
a) financial advisor
b) financial literacy
c) inflation
d) financial institution

A person who is an expert at handling money and can give you information and advice about saving and investing.
a) financial advisor
b) financial institution
c) financial literacy
d) inflation

A goal that can be achieved in a short amount of time. It can be a few days, weeks, or months.
a) long-term goal
b) short-term goal
c) want
d) need

A goal that can be achieved in a longer amount of time. It can be months, years, or even an entire lifetime.
a) need
b) short-term goal
c) long-term goal
d) want

Something you'd like to have but will be okay without.
a) long-term goal
b) short-term goal
c) need
d) want

Something you truly can't live without
a) need
b) want
c) short-term goal
d) long-term goal

The cost you pay when you give up something to get something else.
a) inflation
b) opportunity costs
c) short-term goal
d) long-term goal

The price of goods and services rises over time.
a) opportunity costs
b) want
c) inflation
d) need

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