Top Personal Finance Flashcards

Welcome to our personal finance flashcards! Personal finances can involve things like budgeting, credit and taxes. Unfortunately, personal finances are not widely taught in schools. While this can leave many young adults confused and lead to improper money management. In order to combat these struggles and misinformation, we have gathered 3 sets of flashcards covering this very topic. In our first set of personal finance flashcards, we cover terms like annuity, bonds, aggressive growth stock mutual funds and dividends.

In our second set of flashcards, we ask important questions like, “A formalized report that summarizes your current financial situation, analyzes your financial needs, and recommends a direction for your financial activities is a(n):?” In our final set, we cover additional key terms like capacity, collateral, character and capital. After you review these flashcards you will have a much better understanding of personal finance and how you can steer yourself towards financial success.
Personal Finance Test 1 Flashcards
Cards: 36| Attempts: 37| Last updated: Aug 3, 2020
  Who Is Most Likely To Benefit By Inflation?
  Borrowers
  The Stages That An Individual Goes Through Ba...
  Adult Life Cycle.
  Adult Life Cycle.
  The Stages That An Individual Goes Through Ba...
  Six Steps In Financial Planning Process
  1. Detrmne Current Fin Sit. 2.dvlp Fin Goals ...
Personal Finance Chapter 2
Cards: 27| Attempts: 11| Last updated: Sep 17, 2015
  Aggressive Growth Stock Mutual Fund
  A Mutual Fund That Attempts To Receive The Hi...
  Annuity
  Annuities Are Savings Accounts With An Insura...
  Bond
  A Bond Is A Debt Instrument By Which The Comp...
  C.D.
  Certificate Of Deposit-Usually Has A Fixed In...
Personal Finance Semester Review Unit 2
Cards: 26| Attempts: 1| Last updated: Sep 22, 2015
  Withholding
  Amount Of Money Withheld From Gross Income.&n...
  W-4
  Standard Tax Form. Must Be Submitted To IRS B...
  Flat Tax
  A Form Of Taxation Where Everyone, Regardless...
  Deductions
  Amount Withheld To Reduce Taxes

Personal Finance Chapter 7 Vocabulary
Cards: 17| Attempts: 1| Last updated: Sep 22, 2015
  REVENUE
   Money Collected By The Government From Citi...
  PROGRESSIVE TAXES
   Taxes That Take A Larger Share Of Income As...
  REGRESSIVE TAXES
   Taxes That Take A Smaller Share Of Income A...
  PROPORTIONAL TAXES
   Taxes For Which The Rate Stays The Same, Re...
Personal Finance Chapter 10
Cards: 11| Attempts: 1| Last updated: Sep 17, 2015
  True Or False If You Use Credit, You Give Up...
  True Because You Must Pay Interest, You Are ...
  Using Credit Can Be A Good Choice As Long As ...
  Repay
  Homes Usually Grow In Value Over Time, Creati...
  Interest
  The Interest And Property Taxes Are ________ ...
  Deductible
Personal Finance Chapter 12
Cards: 35| Attempts: 1| Last updated: Sep 21, 2015
  Health Insurance
   a Type Of Insurance Offered By Priva...
  How Many Workers Are Uninsured...
   •About 1 In 5 Workers Is Uninsured ...
  Private Health Insurance
  Health Insurance That Can Be Purchased From ...
  Hospitalization Insurance
  Insurance That Covers The Cost Of Many Hospi...
Personal Finance Unit 4
Cards: 17| Attempts: 0| Last updated: Sep 22, 2015
  Proprietorship
  Business That Has No Legal Seperate Existence...
  Partnership
  Type Of Business Where Two Owners Share Profi...
  General Partnership
  All Owners Share In Managing Business And Lia...
  Limited Partnership
  General Partnerships W/ One Or More Limited P...
Personal Finance
Cards: 98| Attempts: 0| Last updated: Sep 18, 2015
  Common Stock
  Form Of Equity Each Share Of Stock Represents...
  Bonds
  Liabilities. They Are IOU's Of The Issuer.
  Preferred Stock And Convertible
  Preferred Securities Are Issued As Stock And ...
  Mutual Funds
  An Organiaation That Invest In A Professional...
Personal Finance Chapter 13
Cards: 24| Attempts: 0| Last updated: Sep 21, 2015
   Role Of Life Insurance
   §Maintain Financial Support For Depende...
   Role Of Life Insurance Companies ...
   §Provide Coverage In Exchange For Pre...
  Term Insurance
  Life Insurance That Is Provided Over A Speci...
   Decreasing-term Insurance
   A Form Of Term Insurance In Which The Bene...
Personal Finance Unit 5
Cards: 12| Attempts: 0| Last updated: Sep 22, 2015
  Creative Financing 
  Non-traditional Ways Of Real Estate Financing
  Loan 
  Use Of Something That Isn't Yours For A F...
  General Ledger
  Summary Of All Actions That Occur In A Compan...
  Trial Balance
  Listing Of The Account Names And The Sum Of A...
Chapter 1 - Personal Finance
Cards: 12| Attempts: 0| Last updated: Sep 16, 2015
  Financial Literacy
  One's Knowledge Of Facts, Concepts, Principle...
  Personal Finance
  The Study Of Personal And Family Resources Co...
  Financial Responsibility
  Being Accountable For One's Future Financial ...
  Trade-Off
  Giving Up One Thing For Another
Personal Finance Chapter 15
Cards: 28| Attempts: 0| Last updated: Sep 21, 2015
  Stock Exchanges
  Facilities That Allow Investors To Purchase...
   •New York Stock Exchange
   §Most Popular Organized Exchange In U.S...
  Floor Traders
  Traders At A Stock Exchange Who Execute Trad...
  Specialists
  Traders Who Help To Make A Market In One Or...
Personal Finance Saving And Investing
Cards: 52| Attempts: 0| Last updated: Sep 22, 2015
  Why Is Compound Interest Better For The Saver...
  Because You Earn Interest On Past Interest, S...
  What Is Simple Interest?
  Interest Payment That Is Computed As A Percen...
   the Original Amount Of An Investment
  Principal
   coupon Rate
  The Rate Of Return On A Bond
Personal Finance Semester Review Unit 3
Cards: 10| Attempts: 0| Last updated: Sep 22, 2015
  Underwriting 
  Evaluating A Loan Application To Determine Th...
  Collateral
  Property Or Goods Used As Security On A Loan
  Secured Debt
  A Debt Whose Payment Is Guaranteed By Providi...
  Asset
  Property To Which A Value Can Be Assigned.&nb...
Personal Finance Ch.13 & Ch.14
Cards: 37| Attempts: 0| Last updated: Sep 22, 2015
  Insurance
  Protection Against Possible Financial Loss
  Premium
  The Fee A Policy Holder Pays An Insurance Com...
  Risk
  The Chance Of Loss Or Injury
  Peril
  Anything That May Possibly Cause A Loss
Personal Finance Unit 1 Review
Cards: 41| Attempts: 0| Last updated: Sep 22, 2015
  Trade
  Exchanging Money For A Product
  Economies
  Production And Consumption Of Goods And Servi...
  Currency
  System Of Money - Bills And Coins, Specific T...
  Bartering
  Exchanging Goods Or Services For Other Goods ...
Personal Finance Chapter 11
Cards: 26| Attempts: 0| Last updated: Sep 22, 2015
  Master Finances And Accumulate Wealth By ...
  1. Knowledge 2. Skill Tools: Knowledge (credi...
  Favorite Quote By HENRY FORD 
  If He Lost Everything He Can Regain It And Mo...
  Investment
  An Asset That Generates Value Or A Return. Ma...
  Income Return 
  Investment Return Received Directly From The ...
Personal Finance Chapter 17
Cards: 49| Attempts: 0| Last updated: Sep 21, 2015
  Stock Mutual Funds
  Funds That Sell Shares To Individuals And In...
  Bond Mutual Funds
  Funds That Sell Shares To Individuals And In...
  Motives For Investing In Mutual Funds ...
   §Low Initial Investment §Expertise ...
  Net Asset Value (NAV)
  The Market Value Of The Securities That A M...


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