Tourism test 3

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Tourism test 3
2011-11-01 18:06:01
Tourism test

tourism test 3 (quiz)
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  1. What's Finance?
    The science of funds management
  2. What are the general areas of finance?
    are business finance, personal finance, and public finance.
  3. The field of finance deals with what concept?
    • the concept of time
    • money
    • risk
    • and how they are interrelated.
    • also how money is spent and budgeted.
  4. What is personal finance?
    is the application of the principles of finance to the monetary decisions of an individual or family unit.
  5. Checking account/saving account
    when you write a check on your account, you have a piece of paper that you take to the bank to withdraw money.
  6. What's Principle
    The original amount borrowed
  7. Whats the bank?
    A financial intermediary
  8. What's a budget?
    generally a list of all planned expenses and revenues. it is a plan for saving and spending
  9. what's Interest?
    An interest rate is the rate of which interest is paid by a borrower for the use of money that they borrow from a lender.