Money Vocabulary

MoneyWi$e 101

Risky Business

$$$ Sources Basics of $$$

$100 $100 $100 $100 $100

$200 $200 $200 $200 $200

$300 $300 $300 $300 $300

$400 $400 $400 $400 $400

$500 $500 $500 $500 $500

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?

Answer

• Money in your savings account earns this?

Question

• What is interest?

Answer

•A machine where you use a card to get cash from your bank account.

Question

• What is an ATM?

Answer

• Someone who starts his or her own business.

Question

• 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?

Question

• What is slogan?

Answer

• The Managing in Tough Times Initiative belongs to which college at the University of Kentucky?

Question

• What is the College of Agriculture?

Answer

• Here you can find newsletters, YouTube clips, financial publications, and financial resources.

Question

• What is the MoneyWi$e website?

• www.uky.ag/monywise

Answer

• If you have caused a car accident, this type of automobile insurance would cover damages to your car.

Question

• What is collision?

Answer

• This is a legal process to get out of debt when you can no longer make all your required payments.

Question

• What is Bankruptcy?

Answer

• This is the chance of loss from some type of danger.

Question

• What is Risk?

Answer

• Something you can buy as a means of guaranteeing your financial protection against various risks.

Question

• What is insurance?

Answer

• When you owe money to someone else.

Question

• What is debt?

Answer

• This type of asset can quickly be converted into cash.

Question

• What is a liquid asset?

Answer

• This is something you buy in a company that means you own part of that company.

Question

• What is Stock/Share?

Answer

• Money you earn through employment or investments.

Question

• What is income?

Answer

• This is the most popular tax-sheltered retirement plan.

Question

• What is a 401(k)?

Answer

• The idea of earning interest on interest.

Question

• What is compounding?

Answer

• A goal that can be accomplished within one year.

Question

• What is a short term goal?

Answer

• This is also known as a spending plan for managing money during a given period of time.

Question

• What is a budget?

Answer

• Things we must have to survive (food, water, shelter, clothing).

Question

• What are needs?

Answer

• The beliefs, qualities, or standards that you consider important or desirable.

Question

• What are values?

Answer

• Things that make life more interesting and fun but people can live without.

Question

• What are wants?