PF Unit 1 Financial Planning Vocab 020524

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Across
  1. 3. type of financial goal that will be targeted into your 30s and 40s
  2. 8. another word for contraction when referred to the business cycle
  3. 9. part of the business cycle when GDP decreases and unemployment rates increase
  4. 16. a type of "power" that reflects how much of a good/service you can afford to buy
  5. 18. an acronym representing the steps involved in planning your financial goals
  6. 19. a term used to refer to the increase in prices
  7. 20. a measure used to reflect the overall rate of production of total goods/services
  8. 22. this acronym represents the rate of inflation
  9. 23. part of the business cyle when GDP is high, consumer spending is high, unemployment is low
  10. 24. the central bank of the US which controls interest rates on loans in an effort to keep inflation at a reasonable rate
  11. 25. a percentage assigned to reflect the amount of our income that we are likely to spend rather than save
Down
  1. 1. the value of all of your assets
  2. 2. the acronym GDP stands for ___________ Domestic Product
  3. 4. used to measure the value of items exchanged in the form of dollars
  4. 5. type of asset that is owned in "paper" form
  5. 6. the "M" in SMART goals
  6. 7. the "I" in CPI
  7. 10. the "R" in SMART goals
  8. 11. a low point in the business cycle when GDP is low and interest rates drop
  9. 12. a type of asset that includes personal property such as real estate and cars
  10. 13. the point in the business cycle when growth reaches a high point
  11. 14. type of financial goals that is intended to be accomplished within a year
  12. 15. a term used to represent the quality of necessities and comforts that we enjoy is called ___________ of living
  13. 17. the "players" in the overall economy include the government, business and ________
  14. 18. the "S" in SMART goals
  15. 21. the amount of money that you owe or debt needed to pay back