Question

pregunta 11 (30 puntos)
matching: please match the following terms with their definitions.

columna a

1. ____ a system by which goods & services are produced and distributed
2. ____ all of the decisions of an individual or family regarding their money
3. ____ a financial level where your wealth generates your income
4. ____ a fee paid by a borrower to the lender for the use of borrowed money
5. ____ the granting of a loan & the creation of debt; any form of deferred payment
6. ____ a financial level where you have a basic understanding of money management
7. ____ the knowledge & skill necessary to be an informed consumer
8. ____ a financial level where there is income, bills, and the hope there is enough money
9. ____ an obligation of repayment owed by one party to a second party
10. ____ a person or organization that uses a product or service

columna b
a. consumer
b. credit
c. secure
d. debt
e. survival
f. economy
g. interest
h. financial literacy
i. loan
j. personal finance
k. comfort

Explanation:

1. An economy is the system for producing and distributing goods/services.
2. Personal Finance covers individual/family money decisions.
3. The "Comfort" financial level means wealth generates income.
4. Interest is the fee paid for borrowed money.
5. A loan is the granting of funds creating deferred payment debt.
6. The "Survival" financial level only requires basic money management knowledge.
7. Financial literacy is the skill to be an informed consumer.
8. The "Secure" financial level has income, bills, and financial hope.
9. Debt is an obligation to repay another party.
10. A consumer uses a product or service.

Answer:

1. f. Economy
2. j. Personal Finance
3. k. Comfort
4. h. Interest
5. i. Loan
6. e. Survival
7. g. Financial literacy
8. c. Secure
9. d. Debt
10. a. Consumer