DLE final exam
Study online at https://quizlet.com/_de74zr
1. What is personal fi- Arranging to spend, save, and invest money to live
nancial planning? comfortably, have financial security, and achieve goals
2. What are goals? ËThings you want to accomplish
-Getting a college education
-Buying a car
-Starting a business
3. What are values? Beliefs and principles you consider important, correct,
and desirable
4. What is a need? Something you must have to survive (food, shelter,
clothing)
5. What is a want? Something you desire or would like to have or do
6. What is an opportu- What is given up when making one choice instead of
nity cost? another
, DLE final exam
Study online at https://quizlet.com/_de74zr
7. What is liquidity? The ability to easily convert financial assets into cash
without loss in value
8. Short-term goals a goal that you can reach in a short period of time(one
year or less)
9. Intermediate goals 2-5 years
10. Long-term goals More than five years
11. What is a service? A task that a person or a machine performs for you
12. What is a good? A physical item that is produced and can be weighed
or measured
13. What is a consumer- Purchases that you make often and use up quickly
able good?
14. What is a durable Expensive items that last three years or more when
good? used on a regular basis
15. What are SMART O Specific
goals? Ë Measurable
Ë Achievable
Ë Realistic
Ë Time-based
16. What is economics? The study of the decisions that go into making, distrib-
uting, and using goods and
services; the study of the allocation of scarce resource
17. What is supply? The amount of goods and services available for sale
Study online at https://quizlet.com/_de74zr
1. What is personal fi- Arranging to spend, save, and invest money to live
nancial planning? comfortably, have financial security, and achieve goals
2. What are goals? ËThings you want to accomplish
-Getting a college education
-Buying a car
-Starting a business
3. What are values? Beliefs and principles you consider important, correct,
and desirable
4. What is a need? Something you must have to survive (food, shelter,
clothing)
5. What is a want? Something you desire or would like to have or do
6. What is an opportu- What is given up when making one choice instead of
nity cost? another
, DLE final exam
Study online at https://quizlet.com/_de74zr
7. What is liquidity? The ability to easily convert financial assets into cash
without loss in value
8. Short-term goals a goal that you can reach in a short period of time(one
year or less)
9. Intermediate goals 2-5 years
10. Long-term goals More than five years
11. What is a service? A task that a person or a machine performs for you
12. What is a good? A physical item that is produced and can be weighed
or measured
13. What is a consumer- Purchases that you make often and use up quickly
able good?
14. What is a durable Expensive items that last three years or more when
good? used on a regular basis
15. What are SMART O Specific
goals? Ë Measurable
Ë Achievable
Ë Realistic
Ë Time-based
16. What is economics? The study of the decisions that go into making, distrib-
uting, and using goods and
services; the study of the allocation of scarce resource
17. What is supply? The amount of goods and services available for sale
