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Weekly Quiz 6
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Question 1 of 1
Drag the correct word or phrase to the right-hand column next to its definition.
- Opportunity cost
- Credit counseling
- Long-term goal
- Time value of money
- Variable expenses
An organized plan whereby you match your expected income to your expected expenses
The loss of potential gain from other alternatives when a decision is made
Property that can be used to repay debt, such as stocks and bonds or a car
Non-profit service to consumers who need help reducing debt, improving credit scores, creating a budget, negotiating with creditors, and avoiding bankruptcy
A goal that requires time and planning, and is usually accomplished in 12 months or more
Money available now is worth more than the same amount of money in the future due to its potential earning capacity
Costs that change month to month