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ch 16
| Question | Answer |
|---|---|
| What is Money management | refers to the day-to-day financial acticities associated with using limited income. |
| Personal assests | include things like money in the bank, investments,jewelry |
| Net worth | differenc represents the amount of money that could be claimed if all assets were sold for cash. |
| cash flow statement | reports net wages and other income along with spending for a period |
| fixed expenses | cost that occur on a regular basis and for the same amount |
| variable expenses | involvee liveng cost that differ each time |
| What is Money management | refers to the day-to-day financial acticities associated with using limited income. |
| Personal assests | include things like money in the bank, investments,jewelry |
| Net worth | differenc represents the amount of money that could be claimed if all assets were sold for cash. |
| cash flow statement | reports net wages and other income along with spending for a period |
| fixed expenses | cost that occur on a regular basis and for the same amount |
| variable expenses | involvee liveng cost that differ each time |