Financial Literacy

Which of the following are considered to be personal financial statements?

Balance sheet and cash flow statement

Changes in the demand for goods and services are an example of a(n) ____________ influence on the job market.

Economic

Natural abilities that people possess are called:

aptitudes

The first step of the career planning process is to:

assess your interests, abilities, and goals

The problem of bankruptcy is associated with poor decisions in the ______________ component of financial planning.

borrowing

A home file should be used for:

financial records for current needs

A personal balance sheet presents:

items owned and amounts owed

The ability to convert financial resources into usable cash with ease is referred to as

liquidity

Attempts to increase income are part of the ____________ component of financial planning.

obtaining

Opportunity costs refer to:

trade-offs associated with financial decisions