Match the term on the left with the definition on the right. Budget Credit Debt Emergency Fund Principal Income Need vs. Want [Choose ] [Choose] is a strategy in which saving is prioritized and made an essential cost in a budget occurs when a borrower is unable to meet the obligation of debt repayment. is the money that a borrower owes to a lender. It can be accrued through any form of borrowing-cre is money received through sources such as employment, investments, or business transactions. is the percentage of a loan principal that lenders charge borrowers. is money set aside for big, unexpected expenses such as job loss or large medical bills. It provides a f is a plan for using income to meet financial obligations. It tracks how much income a person receives c is the amount of money due to a loan before interest. is a financial arrangement in which money is borrowed for a purchase and paid back at a later date. It a One of the most basic concepts of personal finance is being able to differentiate between needs and w [Choose ] [Choose ] [Choose ] V
Match the term on the left with the definition on the right. Budget Credit Debt Emergency Fund Principal Income Need vs. Want [Choose ] [Choose] is a strategy in which saving is prioritized and made an essential cost in a budget occurs when a borrower is unable to meet the obligation of debt repayment. is the money that a borrower owes to a lender. It can be accrued through any form of borrowing-cre is money received through sources such as employment, investments, or business transactions. is the percentage of a loan principal that lenders charge borrowers. is money set aside for big, unexpected expenses such as job loss or large medical bills. It provides a f is a plan for using income to meet financial obligations. It tracks how much income a person receives c is the amount of money due to a loan before interest. is a financial arrangement in which money is borrowed for a purchase and paid back at a later date. It a One of the most basic concepts of personal finance is being able to differentiate between needs and w [Choose ] [Choose ] [Choose ] V
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
![Match the term on the left with the definition on the right.
Budget
Credit
Debt
Emergency Fund
Principal
Income
Need vs. Want
[Choose ]
[Choose ]
is a strategy in which saving is prioritized and made an essential cost in a budget
occurs when a borrower is unable to meet the obligation of debt repayment.
is the money that a borrower owes to a lender. It can be accrued through any form of borrowing - cred
is money received through sources such as employment, investments, or business transactions.
is the percentage of a loan principal that lenders charge borrowers.
is money set aside for big, unexpected expenses such as job loss or large medical bills. It provides a fin
is a plan for using income to meet financial obligations. It tracks how much income a person receives a
is the amount of money due to a loan before interest.
is a financial arrangement in which money is borrowed for a purchase and paid back at a later date. It a
One of the most basic concepts of personal finance is being able to differentiate between needs and w
[Choose ]
[Choose ]
[ Choose ]](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9dfeb82d-01b3-42c7-ad02-05878bf2d5b6%2F5804d002-2767-4143-bff9-671957dfa3f8%2Fte4ng99_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Match the term on the left with the definition on the right.
Budget
Credit
Debt
Emergency Fund
Principal
Income
Need vs. Want
[Choose ]
[Choose ]
is a strategy in which saving is prioritized and made an essential cost in a budget
occurs when a borrower is unable to meet the obligation of debt repayment.
is the money that a borrower owes to a lender. It can be accrued through any form of borrowing - cred
is money received through sources such as employment, investments, or business transactions.
is the percentage of a loan principal that lenders charge borrowers.
is money set aside for big, unexpected expenses such as job loss or large medical bills. It provides a fin
is a plan for using income to meet financial obligations. It tracks how much income a person receives a
is the amount of money due to a loan before interest.
is a financial arrangement in which money is borrowed for a purchase and paid back at a later date. It a
One of the most basic concepts of personal finance is being able to differentiate between needs and w
[Choose ]
[Choose ]
[ Choose ]
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