lOMoARcPSD|37664106
NAMES: PERIOD:
lOMoARcPSD|37664106
Module 1 Introduction to Personal Finance
Directions: (1) Write the definition of each key term; (2) Put each of these Key Terms
in a complete sentence.
Consumer: a person who purchases goods and services for personal use.
Sentence: The owners of Incredible Sponges are looking for a way to get more
consumers.
Credit: the ability of a customer to obtain goods or services before payment, based on the trust
that payment will be made in the future.
Sentence: If you pay off your card on time you will have good credit.
Debt: something, typically money, that is owed or due.
Sentence: She has a lot of college debt.
Economy: the wealth and resources of a country or region, especially in terms of the production
and consumption of goods and services.
Sentence: The economy is in a bad state.
Financial literacy: the knowledge of how to make smart decisions with money.
Sentence: He has great financial literacy.
NAMES: PERIOD:
lOMoARcPSD|37664106
Module 1 Introduction to Personal Finance
Directions: (1) Write the definition of each key term; (2) Put each of these Key Terms
in a complete sentence.
Consumer: a person who purchases goods and services for personal use.
Sentence: The owners of Incredible Sponges are looking for a way to get more
consumers.
Credit: the ability of a customer to obtain goods or services before payment, based on the trust
that payment will be made in the future.
Sentence: If you pay off your card on time you will have good credit.
Debt: something, typically money, that is owed or due.
Sentence: She has a lot of college debt.
Economy: the wealth and resources of a country or region, especially in terms of the production
and consumption of goods and services.
Sentence: The economy is in a bad state.
Financial literacy: the knowledge of how to make smart decisions with money.
Sentence: He has great financial literacy.
