Week 7 Assignment
Joey Struwe
Personal Finance Chapter 1 Quiz
Interest earned on previously earned interest is called ____.
-- select an answer --
compounding
economics
income
a great deal
The trade-off made by making one choice instead of another is commonly referred to as a(n)
-- select an answer --
opportunity cost
rip off
personal preference
interest rate
The amount of goods and services available for sale is called ____.
-- select an answer --
demand
supply
reserve
gross domestic product
Hairstyling and bookkeeping are examples of ____.
-- select an answer --
goods
present value
future value
services
A series of equal regular deposits is called ____.
-- select an answer --
serial deposit
annuity
personal financial plan
annual deposit
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