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Chapter 1 Financial Fundamentals Vocabulary Exam Questions and Answers Graded A+

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Chapter 1 Financial Fundamentals Vocabulary Exam Questions and Answers Graded A+

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Chapter 1 Financial Fundamentals
Vocabulary Exam Questions and Answers
Graded A+

Money - Correct answer-any item that serves as a method of payment

Finance - Correct answer-activities involved with saving, investing, and using

money by individuals, businesses, and governments

Inflation - Correct answer-a rise in the general level of prices

Security - Correct answer-an investment issued by a corporation, government, or

other organization representing ownership or debt

Stock - Correct answer-a security representing ownership by a corporation

Bond - Correct answer-a debt that is borrowed by a company or a government

Liquidity - Correct answer-the ease and speed with which an investment can be

converted into cash

Personal financial planning - Correct answer-the process of managing your money

to achieve personal economic satisfaction

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