FBLA Personal Finance Study Guide questions with correct answers

In the case of a savings account what is the principal? - Answer The amount of money you deposit The Federal Reserve System is - Answer The central banking system of the United States The rise in the level of prices for goods and services is - Answer Inflation The ways in which groups of people change over time - Answer Demographic trends When considering a job offer what factors should you consider? - Answer Work environment, Factors affecting salary, Employee Benefits Networking is a way of - Answer Making and using contacts to get job information A safe-deposit box is for keeping important documents and they can be rented at - Answer a bank Liabilities are split between - Answer Current and Long term Your net worth is calculated as - Answer Assets - Liabilities Take-home pay is - Answer gross pay less taxes and other deductions