Money Vocabulary MoneyWi$e 101 Risky Business $$$ SourcesBasics of $$$ $100 $200 $300 $400 $500 $50...

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?

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• What is Total Liabilities?

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• A plastic card that proves you have a credit account.

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• 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.

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• What are newsletters?

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• MoneyWi$e has a presence on this social media website. Become a Fan today!

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•What is Facebook?

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• “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?

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• 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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• What is the MoneyWi$e website?

• www.uky.ag/monywise

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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?