Question

pregunta 17 (10 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 & skillset 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. interest
b. loan
c. credit
d. economy
e. debt
f. survival
g. financial literacy
h. secure
i. comfort
j. consumer
k. personal finance

Explanation:

1. Economy: Defined as the system governing production and distribution of goods/services.
2. Personal Finance: Focuses on individual/family money-related decisions.
3. Comfort: Financial level where wealth generates passive income.
4. Interest: The fee paid to lenders for borrowed funds.
5. Credit: Involves granting loans, creating debt, or deferred payment.
6. Financial literacy: Basic understanding of money management.
7. Secure: The knowledge/skills to be an informed consumer.
8. Survival: Financial level with only enough income to cover basic bills.
9. Debt: An obligation to repay money owed to another party.
10. Consumer: A person/organization that uses products or services.

Answer:

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