DEFINITIONS (What is the term?) DEFINITION (What is the term?) TERMS (What is the definition?) TERMS (What is the definition?) EXAMPLES
100
A decrease in prices over an extended period of time
Deflation
100
A document containing a person's current money situation and long-term monetary goals, as well as strategies to achieve those goals.
Financial Plan
100
Money never sleeps (debt)
We are always going to need money for something we are never not going to need it, it can always be working for you.
100
Financial plan
A document containing a person's current money situation and long-term monetary goals, as well as strategies to achieve those goals.
100
Fuel prices recently, or the dollar store changing to $1.25
Inflation
100
Prioritizing your long-term financial well-being and paying your needs before spending your money.
PYF-Pay yourself first
100
The value of what you have to give up in order to choose something else
Opportunity Cost
100
Supply and Demand
The amount of a commodity, product,or service available and the desire of buyers for it
100
Delayed Gratification
Delaying purchases now and waiting until the future when you can pay in cash. What you want now will be worth more to you later.
100
Picking classes at school, you choose one class and have to give up others because of the ones you took.
Opportunity Cost
100
A period of temporary economic decline during which trade and industrial activity are reduced
Recession
100
The rate of increase in prices over a given period of time
Inflation
100
PYF- pay yourself first
Prioritizing your long-term financial well-being and paying your needs before spending your money.
100
GDP- Gross domestic product
The total market value of the goods and services produced by a country's economy during a specified period of time.
100
The great depression
Recession
100
The amount of a commodity, product,or service available and the desire of buyers for it
Supply and Demand
100
The total market value of the goods and services produced by a country's economy during a specified period of time.
GDP- Gross domestic product
100
Opportunity Cost
The value of what you have to give up in order to choose something else
100
Recession
A period of temporary economic decline during which trade and industrial activity are reduced
100
Not buying something because your friends all are when you do not need it
Avoiding the Pitfalls of Marketing and Social Pressure
100
Delaying purchases now and waiting until the future when you can pay in cash. What you want now will be worth more to you later.
Delayed Gratification
100
We are always going to need money for something we are never not going to need it, and it can always be working for you.
Money never sleeps (debt)
100
Deflation
A decrease in prices over an extended period of time
100
Inflation
The rate of increase in prices over a given period of time
100
Chips that go in cars, cars can not be sold because there are not enough chips for those cars.
Supply and Demand






Financial Literacy Game

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