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Drag the tiles to the correct boxes to complete the pairs.
Match each financial concept with its correct situation.
time value of money
store of value
personal disposable income
consumer credit
Angela chooses between having $1,000 now,
and investing it in a savings account so that
she can have $1,050 a year from now.
>
Jane has $2,500 monthly to spend after she
pays taxes
>
David saves his money for the future so he
can live comfortably in retirement
Lester uses a credit card to purchase a new
iPad, as he cannot pay the entire amount now.
Reset
Next

Drag The Tiles To The Correct Boxes To Complete The Pairs Match Each Financial Concept With Its Correct Situation Time Value Of Money Store Of Value Personal Di class=

Sagot :

Michell96idn

Angela = time value of money / Jane = personal disposable income / David = store of value / Lester = consumer credit

In economics, different concepts explain money and its use. Some of these concepts include:

  • Time value of money: This concept proposes money is more valuable today than in the future. This is shown by Angela because she decides to have $1000 rather than to invest this money.
  • Personal disposable income: This refers to the amount of money one can spend after paying taxes. This concept is exemplified by Jane because $2500 is the amount of money she can spend after paying her taxes.
  • Store of value: This concept implies money can be saved because it will have the same value in the future. This concept is exemplified by David because he expects the money he saves today is equally worth in some years.
  • Consumer credit: This refers to loans to pay for products or services. This is what Lester is doing because he is using credit or a loan to pay for a new device.

Learn more about economy in: https://brainly.com/question/951950

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