Marybelle

natural resources - Answers-Materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain human resources - Answers-People who work to produce goods and services capital resources - Answers-Goods (like machines, tools, and buildings) and money used in the production of goods and services profit - Answers-Make money, more than what you spend to make the product. capital - Answers-An economic system based on private pr...

Definition of living paycheck to paycheck - Answers-Needing your full paycheck to meet your minimum monthly living expenses, so that there's no extra money if a problem arises. What does the acronym SMART stand for? - Answers-Specific, Measurable, Attainable, Relevant, Timely What is the definition of real asset? - Answers-Assets that provide value of the long term. E.g. House If your net worth is $50,000 and you pay off your student loan from your savings account, how will your net ...

Invest in stocks - Answers-All the following are effective personal financial planning steps EXCEPT: Implement your plan Review and revise Invest in stocks Define your goals Risk-taker - Answers-Which of the following best describes entrepreneurs? Honest Outgoing Risk-taker Organizer What others are willing to pay you now - Answers-What is the fair market value of an item?

M2 - Answers-Consists of all t he assets in M1 plus several additional assets. These additional M2 funds cannot be used as cash directly, but can be converted to cash fairly easily. M2 assets are also called near money Liquidity - Answers-the ability to be used as, o directly converted to, cash Mutual Funds - Answers-a fund that pools money from small savers to purchase short-term government and corporate securities FDIC - Answers-an independent agency of the United States (U.S.) federa...

Financial Pages - Answers-list all types of securities including stocks and bonds as well as other info related to investing Ex. The Wall Street Journal Investor Services and newsletters - Answers-provide extensive financial data to clients Ex. Moody's investor services Financial Magazines - Answers-specialize in business and financial information, interpret data and give opinions and suggestions Full service Brokers - Answers-provide clients with analysis and opinions based on t...

Income is defined as - Answers-Income is the money that people receive for work done. This could be formal such as wages for work or pocket money for chores around the house. Essential expenses are defined as - Answers-expenses that are essential to meet our needs eg food, shelter, warmth. It also includes payments you have a contractual obligation to meet, such as loan payments. Non-essential expenses are defined as - Answers-Expenses that are not essential to meet needs. They are in resp...

subsidized loan - Answers-loan in which first 4 years of college are interest-free (the government pays) unsubsidized loan - Answers-loan in which you have to pay the interest (although you don't have to start until you leave college) workstudy - Answers-federal work-study program provides part-time employment opportunities for students with financial need, allowing them to earn money to help pay educational expenses; money is determined by the FAFSA and awarded by the school 1040 EZ...

What is interest? - Answers-Interest is a small amount of extra money that the bank gives you just for keeping your money there. What is a credit report? - Answers-A credit REPORT contains information about the types and amount of credit an individual has and how they pay their bills. How many months emergency savings do experts recommend that you have? - Answers-THREE MONTHS How CAN you avoid check cashing fees? - Answers-You can avoid check cashing fees by depositing your paycheck in ...

Credit Standing/Credit Rating - Answers-Your ability to pay for goods or services. A financial institution's evaluation of an individual's ability to manage debt. Character (One of the 3 C's of Credit) - Answers-(One of the 3 C's of Credit) Your Character is determined by your conduct and living habits. Capacity (One of the 3 C's of Credit) - Answers-(One of the 3 C's of Credit) Your Capacity determines your ability to earn enough income to cover existing and new debts. ...

Which sentence does not describe one aspect of the relationship between banks and their clients? - Answers-Banks often use their clients' money without their knowledge or permission. What is the meaning of the word controversial as used in the text? - Answers-arguable What does the word temporarily mean as used in the passage? - Answers-for now The word requirement meant what in the article? - Answers-demand

How do lenders determine your creditworthiness? - By your assetsBy your credit historyYour ability to earn moneyYour grades in high school and/or college When should you borrow money for items that depreciate? - Never How long can late payments and foreclosures stay on your FICO report? - Up to 7 years Who can best decide how much debt is too much for you? - You How often should you request a free credit report? - Every 12 months What helps differentiate your credit report from ot...

What do people buy to manage risk? Why is it important? Give 2 examples of it - Answers--insurance 1. car insurance 2. home insurance Why is it important to choose the right plan for retirement? - Answers--you want money invested for a better future Why invest? List some common types of investments - Answers--to accumulate more wealth -stocks, bonds, mutual funds, real estate

Social network: - Answers-A group of friends and acquaintances who keep in contact and share information. Grant: - Answers-Money given to pay for educational expenses that does not have to be repaid. Hard skills: - Answers-Measurable physical and mental abilities that allow you to complete a job. Head hunter: - Answers-An employment specialist who seeks out highly qualified people for upper-leveled positions.

Define the following terms: earnings, salary, and wages. - Answers-earnings - money paid for work performed; also called wages or - the total amount earned per hour for a week, month, yearsalary-a fixed amount of money at regular intervals in compensation for work performed What common employee benefits are offered by most U.S. companies today? - Answers-Medical, disability, and paid time off In the world of financial planning, your net worth is defined as: - Answers-Your assets minus your...

What is the Federal Reserve and what all does it do? - Answers-Or the Fed, is the central bank of the United States. Supervises and regulate bank and other financial institutes, ensures the nations banking systems safety, and credit rights of consumers. What does the Bureau of Engraving and Printing (BEP) do? - Answers-A government agency within the U.S. Treasury Department that designs, engraves and prints all paper money for the U.S. What types of money are used in the United States? - A...

Mutual Fund - Answers-Fund operated by an investment company which pools money from many people and/or institutions to invest in a wide variety of different securities in accordance with the objectives stated in the mutual fund's prospectus. Load - Answers-Sales charge paid to buy into or sell out of a mutual fund; sales charges are separate from commissions an investment company may also charge you to buy or sell your shares of a mutual fund. No Load - Answers-Mutual funds without a sa...

What is the difference between disposable & discretionary income? - Answers-Disposable- money left after paying taxes. Used to buy things people need like food, clothing, & housing. Discretionary- money left after paying for needed things. Used to satisfy wants, like luxury items and savings accounts. What is Pay Yourself First? - Answers-Disciplined saving or setting aside money as a regular part of the budget for later spending or investing. Put money in savings before paying any bills!...

In his classic ethnography titled_____, Bronislaw Malinowski analyzed ____as a system of exchange in islands in the Pacific Ocean. In the book, Malinowski also provided guidelines for anthropologists conducting fieldwork, an approach that today is still called ____. - Answers-Argonauts of the Western Pacific; the Kula ring; participant observation Identify examples of the use of polyvocality in ethnographic research and writing. - Answers-(The practice of using many different voices in ethnog...

Early anthropologists believed that collecting cross-cultural information about kinship would enable them to - Answers-discern patterns of social structure that could be used to categorize and compare societies. Most descent groups in the United States are based on consanguinity. What is the basis of this relationship? - Answers-blood What are the two types of descent groups distinguished by anthropologists? - Answers-lineages and clans Worldwide, what is the most prevalent strategy in ...

Many immigrant groups—Arab, Czech, French, Irish, Italian, Greek, Jewish, and others—have contributed to what has been known as a "melting pot" in America. What term do anthropologists prefer today to better reflect the role of ethnicity in the United States? - Answers-multiculturalism The French have a strong sense of connection to their history and culture that binds them together. This is not the case in some countries like Iraq, where different groups have been pitted against ea...