Money Vocabulary
MoneyWi$e 101
Risky Business
$$$ Sources Basics of $$$
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$400 $400 $400 $400 $400
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MANAGING IN TOUGH TIMES JEOPARDY MANAGING IN TOUGH TIMES JEOPARDY
• The sum of all your debts?
Answer
• What is Total Liabilities?
Question
Answer
• A plastic card that proves you have a credit account.
Question
• What is a credit card?
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• Money in your savings account earns this?
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• What is interest?
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•A machine where you use a card to get cash from your bank account.
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• What is an ATM?
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• Someone who starts his or her own business.
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• Who is an entrepreneur?
Answer• These are created each month
that provide financial tips and financial information. They can also be found on the MoneyWi$e website.
Question
• What are newsletters?
Answer
• MoneyWi$e has a presence on this social media website. Become a Fan today!
Question
•What is Facebook?
Answer
• “Valuing People, Valuing Money” is this for the Managing in Tough Times Initiative?
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• What is slogan?
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• The Managing in Tough Times Initiative belongs to which college at the University of Kentucky?
Question
• What is the College of Agriculture?
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• Here you can find newsletters, YouTube clips, financial publications, and financial resources.
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• If you have caused a car accident, this type of automobile insurance would cover damages to your car.
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• What is collision?
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• This is a legal process to get out of debt when you can no longer make all your required payments.
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• What is Bankruptcy?
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• This is the chance of loss from some type of danger.
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• What is Risk?
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• Something you can buy as a means of guaranteeing your financial protection against various risks.
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• What is insurance?
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• When you owe money to someone else.
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• What is debt?
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• This type of asset can quickly be converted into cash.
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• What is a liquid asset?
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• This is something you buy in a company that means you own part of that company.
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• What is Stock/Share?
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• Money you earn through employment or investments.
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• What is income?
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• This is the most popular tax-sheltered retirement plan.
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• What is a 401(k)?
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• The idea of earning interest on interest.
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• What is compounding?
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• A goal that can be accomplished within one year.
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• What is a short term goal?
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• This is also known as a spending plan for managing money during a given period of time.
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• What is a budget?
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• Things we must have to survive (food, water, shelter, clothing).
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• What are needs?
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• The beliefs, qualities, or standards that you consider important or desirable.
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• What are values?
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• Things that make life more interesting and fun but people can live without.
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• What are wants?